csn

What is the Wolfe Wave?

Simply put, the Wolfe Wave is a natural rhythm that exists in all markets.  It is made up of waves of supply and demand that form their own equilibrium.  It was not "invented" by me, but discovered.  The key to its accuracy is in properly identifying the 1, 2, 3, 4 & 5 points.  These are what give it its proper balance of equilibrium.  It is very important to identify the dominant Wave.  It is somewhat like recognizing those 3-D pictures.  After a while a smile comes to your face and you say: "WOW, I see it."  

Why does the Wolfe Wave work so well?

    *       Market timing is not about finding the Holy Grail.
    *       Market timing is not about complicated algorithms.
    *       Market timing is not about colorful indicators and oscillators.

Market timing is about BALANCE.

Quote:

Website: hxxp://www.wolfewave.com

Content: 1) Wolfe Waves Course and Faxes by Bill Wolfe, 2) More Examples

Comment: IMHO, it is surprisingly easy to understand and yet very powerful. I use it myself for trading. Once I earn US$3000, I shall buy a course from him. Despite the high price, I think it is worth every single dollar.

Quote:

Size: 7020 KB
Type: Zipped PDF
ISBN: N/A
No Password

New link uploaded on 19.02.2010.


[ Last edited by csn at 19-2-2010 21:31 ]

tradershare

Hi,

I just buy this item, but can not download the files
Please check it again.
Thanks.

csn

Sorry, link was dead.

New link added.

tradershare

Thanks for the new link.

Great Course.

csn

I am testing it for the past couple of months.

Boy, it really works !!

EA for me? No thanks .

beautifultom

Hi csn;
are you using it for Forex?
Congratulations that it works for you!

csn

Hello beautifultom,

How are you?

Yes, I am using it for forex. At first I used to get agitated for the long wait and closed the trade before it hits the target, which sometimes seemed impossible. But I couldn't be more wrong! It hits impossible targets, and hits for sure. Look at the EURCHF paly at the bottom !

Now I just Bill Wolfe's strict rules and let it work out on it's own !!

Results? I am attaching two setup I got last week. Have a look.





I was stopped out in the EURCHF setup. But the EURUSD? Worked like a charm.

With money management and entry rules described by Bill Wolfe, it has become a key setup I use for my trading plan.

Hope it will work for you too.

beautifultom

Hi Thank you for your tips and advice. It is very useful for us all.of
hope you continue to have more success with your Wolfe Waves!

csn

Hello beautifultom,

Thank you for your kind words and best wishes.

Meanwhile the Wolfe Wave continuues to amaze me.

Got this nice setup on daily AUDUSD chart for long Wolfe Wave today morning. I have already jumped in and going to hang in there for a couple of days.

Looks like a nice ride so far. What do you think? Wanna give this a try ?(In demo please )..

csn

OK, one more post here. Maybe I am bumping my own topic (which I do not like to do) but this is to illustrate the power of Wolfe Waves as I am getting them in my charts. Not to show off that I am a Wolfe Wave wizard. I am learning too !

I have entered the AUDUSD setup at 0.6569. The pair is moving nicely so far and now retracing after a spike in price.

Now, we have seen that WW (Wolfe Waves) work in daily and hourly charts. Yesterday I got a taste of it in 1 minute chart too. Have a look.

The thick white line is 200 period EMA (Exponential Moving Average) which provides some serious resistance/support in all charts. When the WW setup broken down below 200 EMA it seemed that this WW wont be able to make it.

After some hesitation, I decided to give it a try and jumped on board at 1.3032, just below the 200 EMA (Double click on the images to zoom in for more detail). Put a stop loss according to the guidelines laid out by Bill Wolfe. As expected, the market started banging it's head on the 200 EMA wall and I went out for a walk.

When I came back, Bingo ! Not only it has breached the wall but hovering at a respectable 1.3043 level. Within 10-15 minutes the market retraced a bit and then leaped to 1.3056,  just short of the target line. I sat tight, hoping it will touch the line but it didn't. I bailed out at 1.3050 when the market started a sell-off. I may sound cool, but those 3-4 minutes were as nerve-wracking as they can get!

I must admit that I didn't expect the target to be hit and as usual, was wrong once again. I told you that the Wolfe Wave has an uncanny ability to hit seemingly impossible targets.

Minutes later, the market bounced back from a low of 1.3041 and hit the target line at 1.3060. What can I say now?

This is a gem of a course and not another piece of worthless trading stuff. I hope you will agree with me after using Wolfe Waves for your own trading.

[ Last edited by csn at 20-3-2009 22:54 ]