Wolfe

[bubba]

i noticed this one when i was reviewing Friday's charts. longer term, but i like the looks of it...

let me ask you guys, on the wolfewave.com site, the term 'dominant wave' is mentioned. would that be a longer term ww, maybe like this one?

[waveslider]

Picture perfect example... thanks.
How do you come up with your timing (vertical) lines?

[bubba]

timing? the lines are just the standard background from the TS window settings..
if that is what you meant. otherwise - i haven't a clue

[duzntmttr]

Does Scale matter to the drawing of Wolfe Wave ?

I mean whether using logarithmic or linear .

[waveslider]

oh, hi bubba, looks like we were posting at the same time, I was referring to thrunner's post

[bertg]

	Quote:	waveslider
	The one you posted is not a true WW, but it does work.

Of course it's not a true WW. It's not posted by Bill Wolfe or one of his privately-taught students.

Ok, sorry to butt in on this thread. The above is obviously said tongue-in-cheek. I went to his website. Talk about sales pitch. Oh, my!!

Unless you take his $3000 course, you won't be able to draw a WW correctly. He says 99.99 percent of the "secrets" are held back until you take the course.

Anyway, I hope you guys are making money trading today.

Regards,
Bert

edit: btw, waveslider, thanks for starting this thread. Intriguing.

[waveslider]

Hey Bubba that one you posted is working out fine, looks like it will hit target tomorrow morning. Wouldn't be surprised if that was the end of the up move though, there is quite a bit of resistance building above, not to mention the parallel channel line (parallel to your 1-3 line).

dunzmatr: scale shouldn't matter too much unless you are looking at higher timeframes.

Bert: welcome. bill wolfe's course is of course over priced. I have heard that there are a few nuances from people who have paid. I doubt it's worth it. No system will replace the hard learned lessons of actual trading and learning money management.

They're fun to try and find though!

[bubba]

yup - of course it was well on the way when i posted it. i didn't notice it until after point 5.( but o well-J.O.B).) i suppose the question about 'dominant wave' is a proprietary deal huh? i have been seeing some succesful ww's on higher TF lately. what i have difficulty with is deciding on an entry point with the pattern. (esp with higher TFs) i suppose there are zillions of different methods. i need to figure out a simple approach. i always feel the urge to pick the extreme H/L.. i'll keep working on it.

[waveslider]

dominant wave is just the largest wave in action in the pattern.

Trying to pick tops and bottoms is a tough disease, I get infected too - - its got to be a psychological thing about wanting to prove how smart you are.

Entry points? Personally I think just about anything will work, but the risk management has to be tight, that's the most important thing.

The one you pointed out just played out this a.m., bubba. Nailed it to the cent. I think that channel was additional pressure as I mentioned. Also interesting that both points 2 and 5 happened within the range, at the extremes. Probably reinforced the pattern. I haven't looked at the volume of it, but maybe there's something there too..

[bertg]

	Quote:	Tasuki
	Interesting, waveslider. The attached chart has a similar pattern vis a vis point 1, and a few other things going for it, most notably point 2, but a few marks against it too, especially that poor show for a point 5. Still, it did work out, which counts for something.

Hi,

I'm only at post 80 in this thread, but just wanted to thank waveslider and Taz and all other contributors. I am really enjoying this thread.

Taz, it's SO helpful to me when the comments are typed in on the chart, like in the chart below, which you posted. Thanks.

Regards,
Bert