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Re: Wolfe
hey guys,
I am new to this posting thing so please bear with me if I don't get it quite right the first time (trying to become a reformed 'lurker').
I am very intrigued by Wolfe Waves, and been trying to learn about them for the past few days. I would like to post a 4 minute chart on todays YM. The 4 minute TF is new for me (usually use 1 & 2 min), but wanted to try something new - swings instead of scalps maybe. I drew this WW in real time on the 1120 (central) bar. As indicated on the chart, 13840 looked like a good entry so I entered a limit order at that level. Based on the WW that I drew, I realize that looks to be a bit early/high, however, it looked like I would only take about 9-10 ticks of heat on the failure of this pattern. As it turned out, it missed me by 2 ticks, no big deal as I was happy that I was able to see this in real time and it appeared to be a valid pattern to me, UNLESS....my perceptions on this particular chart are completely wrong.
I have some limited experience with various markets but I consider myself a beginner at trading and I would be grateful for any feedback on this.
Thank you very much,
VV
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