[BlowFish]

Originally Posted by Tresor »

Then why don't you e-mail Mr Wolfe and request that at least 2 of his pictures be removed from his website, because they do not depict the Wolfe the way you understand it.

Because it doesn't bother me in the slightest, though my 'understanding' does not come from trying to piece together the methodology from the web site. Wolf puts it quite well Perhaps because I have sample waves on my website, many think that they are now "expert"in Wolfe Wave and decide to give trades and or ridiculous drawings. Believe me--they are wrong!

You are wrong plain and simple Ask your friend, email Wolf or feel free to continue to disbelieve me (and WaveSlider) though I am not sure what you think we have to gain by lying. It is plainly stated over and over that they must converge. Perhaps he has purposely left a red herring or two on the website, or perhaps (more likely) you have missed the significance of the sweet zone and so have got point 1 wrong. I dunno. As I said before I guess we must agree to disagree though I am rather confused by why you should be so adamant.

Originally Posted by BlowFish »

Because it doesn't bother me in the slightest, though my 'understanding' does not come from trying to piece together the methodology from the web site.

Just curious, where does your ''understanding'' comes from then?

Originally Posted by BlowFish »

continue to disbelieve me (and WaveSlider) though I am not sure what you think we have to gain by lying.

Trading is not about believing but about knowledge. And the knowledge you have been passing onto newbies is simply incorrect and may lead them to financial disaster.

Originally Posted by BlowFish »

Perhaps he has purposely left a red herring or two on the website

can't believe my eyes

Originally Posted by BlowFish »

or perhaps (more likely) you have missed the significance of the sweet zone and so have got point 1 wrong.

Point 1 is precisely established with the extention of the following line: EPA point - point 4. I would be interested to know your alternative version of this line and your alternative version of point 1. Please post your interpretation of this chart

[BlowFish]

Originally Posted by Tresor »

Just curious, where does your ''understanding'' comes from then?

I thought that was obvious, the course. Did you not read my posts where I quoted pieces? Hence the QED a few posts back. It is clear from the course and the follow up faxes that the lines must converge. It is you that re misleading people with your half baked ideas trying to reverse engineer the subject from the web site. Ask your trading friend, the Wolf expert if you don't believe me. Presumably you believe him. I m done with this smashing me head against a wall of foolishness here. I do wish you all the best with WW it would appear your 'variation' is effective which is all that matters

[thalestrader]

Originally Posted by Tresor »

Then you wouldn't mind enlighetning me with your interpretation of the ''megaphone'' Wolfe that I copied from Mr Wolfe's website and posted here, would you?

Would you please describe wherein this chart you see a "megaphone"? I do not see it myself, and I'd appreciate your help. My sense of this chart has always been that we are not being shown the whole story, i.e. relevant points are hidden in history beyond the left edge, in that instance. I thank you. I am not saying you are wrong, only that I myself do not se what you are seeing.



For what it's worth, though I never took the course as Blowfish has, I did have a very long conversation with Mr. Wolfe about six years ago, and I certainly came away with the understanding that, as Blowfish has stated, Wolfe Waves must wedge, i.e. the trendline described by points 1 & 3 and the trendline described by points 2 & 4 must converge. I believe that Blowfish quoted directly from Wolfe's manual in making this point.

I am no expert in Wolfe waves, and I do not pretend to know their traits nor to possess the ability to recognize them as Wolfe himself would define them.

Best Wishes,

Thales

[BlowFish]

Originally Posted by Tresor »

BlowFish,

Come on Man. Draw your 1-3-5 and 2-4 and 1-4 lines. Please do this for us

I am not sure what that proves to be honest? I have never claimed to be an expert at WW's or even to trade them or even to be interested in trading them. Having said that I am interested in market geometry and price patterns and have a decent library of courses and books on that subject. I like to think I have a reasonable understanding of the topic and have traded simple channels in the past.

Wolfes stuff does not particularly resonate with me, though there is some synergy with other things I am comfortable with. All I have done is point out that the rules are crystal clear and unambiguous I'll quote again from page 6 "Trend line of 1 to 3 and trend line of 2 to 4 must converge.".. My intention was simply to try to help clarify things, certainly not to intimate I was some sort of expert. I was kind of flabbergasted how adamant you where that this was wrong based on a couple of un-annotated charts.Again I am not saying that megaphones are not effective just that by definition they are not WW's.

I have annotated the chart you posted with 3 different waves. I would certainly not have drawn them in real time. Hell I would never have drawn them if I wasn't looking for them to see whether they could be drawn! For that reason I am not really sure if there is any value in posting them. I also fudged them a bit, the entries where OK but a couple came up short on the targets. That effected my placement of point 1 (knowing whether price would hit target) that's the trouble with hindsight. I guess I should have done it 'honest'. I would not want to lead people astray as I said up top I am certainly no expert on Wolf.

The main issue I have is that there are a couple of different ways of drawing point 1. Point 1 is the key point as 1-3-5 determines entry and 1-4-T determines target. Put another way change how you draw point 1 and everything changes. I think the thing to do probably is choose the most conservative point 1.

While BlowFish is hopefully drawing his lines and points let us have a look in the meantime at a converging Wolfe which seems to be taught in the basic Wolfe course.

Nice and clean $1k of profit during a 3.5h trade yesterday on forex.

[waveslider]

This has gotten pretty ugly...

I would once again like to ask participants in this thread to stick to call out "their version" of wolfe waves..

I was hoping to engage you all in identifying a wave in the S&P (see my post date a week or 2 ago).. While all of this bickering was going on there was a nice 40-50pt move that just completed...

[waveslider]

Tresor, what you are posting doesn't help too much since they are posted in hind sight. Let's do this in real time. I would have posted mine in real time but I was trying to start a discussion and didn't want to influence other's pattern analysis.
I'm sure we value your contribution, but want to see how your version works in real time.