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.

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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.

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Type: Zipped PDF
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New link uploaded on 19.02.2010.


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

csn

Sorry, link was dead.

New link added.

csn

I am testing it for the past couple of months.

Boy, it really works !!

EA for me? No thanks .

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.

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 ]

csn

Well, Yes and no.

I have tried to understand and Elliot Waves in the past and never quite got them. Gartleys are also good and have a very high success rate but I am not too much into them.

But this one is easy to understand and fits my style, I do not have the IQ needed to be a quant (I believe).

Regarding your opinion, have you used Wolfe Waves for your own trading? In that case, share your thoughts here.

csn

Quote:

Original posted by csn at 16-3-2009 14:03
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 ...

Well, that was it..

(Double-click on the pic to zoom in)

Entry :                   16.03.09
Price:                    0.65690

Projected target:   0.7274

Exit:                       14.04.09
Price:                     0.72752 (Exited just below the thick white line, 200EMA was at 0.7284)

One month, 706 pips on a single trade !!

Wolfe wave predicted a target of 0.7274 almost a month earlier. Predicted not only the direction of the market, but also the target by a razor-sharp precision. Amazing ..

Exit was according to the rules stated by Bill Wolfe so I did not gave back my profits to the market.

IMHO, Wolfe Waves do fail, but this was an ideal picture-perfect trade.

[ Last edited by csn at 14-4-2009 22:26 ]

csn

Quote:

Original posted by beautifultom at 15-4-2009 04:43
Thank you csn for your feedback. These are very interesting results.
Perhaps you can also share with us any failures so that at least members can know what to expect.
Thank you again and Good Luck.  ...

As requested my beautifulom, posting a pic of a failed bullish Wolfe wave that I have got last week on USDCAD daily chart. Click on the pic to zoom in.

I went long at 1.2426, quite a late entry as I didn't spot the wave untill then.

This is a swing trade on a daily chart. I am stopped out for better as the price has failed to breach resistace at 1.2400 region and made almost 100% retracemant to the initial rally bar at the base trendline.

Not everything is lost although. The market may test the 200 EMA (Exponential Moving Average - thick white line) and then rally if it finds support. But that is only a possibility at this moment.

I will be watching it and keep my fingers crossed..

[ Last edited by csn at 26-4-2009 09:27 ]

csn

I can't help but share this ! This is the first time I have traded precious metals (Silver) with Wolfe Waves and (fortunately ) my trade is a success. Yes, Wolfe Wave sucessfully works with precious metals too !!!

Click on the pic to zoom in. The proof is below..

A bullish Wolfe Waves setup on 4H XAGUSD (Silver Spot) chart yesterday. Entered at 12.40. Decent entry but almost stopped out after the price retraced and came dangerously close to my stop. I could not take the pain any more and thought I'd close the trade before getting stopped out. Somehow changed my mind and stopped trading for the day without closing the trade.

Today morning when I opened the chart again, BINGO. But maybe I could have stopped out too.

The bullish Wolfe Wave was bang on target and I am out at 13.10 for a gain of 70 tics. Nice gain, huh?

Now, Wolfe Waves works for:

1. Forex
2. Precious Metals

I can certify that..