Discussions on the various Technical Patterns!! (new posts)

Wolfe Waves: Re: Wolfe Waves

Tue, 11 Aug 2009 15:37:12 +0000

Friends,

As we have shifted lock, stock and barrel to tradersaintforum. Hence forth kindly post about WW at this link on TSF:
http://www.tradersaintforum.com/forum/showpost.php?p=776&postcount=86

All posts have been transferred there and so all info can be accessed there too.

Thanks and trade well

Bee

Wolfe Waves: Re: Wolfe Waves

Mon, 10 Aug 2009 10:17:44 +0000

Tushar and all others

Whatever I write are just my thoughts and are not to be incorporated into any of the flow methods until and unless cleared by Saint and have been solidified into rules in the school section.

I write my ideas on this forum as sounding board to have some discussions only.

Thanks

Bee

Wolfe Waves: Re: Wolfe Waves

Mon, 10 Aug 2009 10:06:02 +0000

Thanks Bee…..looks like the WW posted on weekend doing well…looks like target of sub 4350 levels will be achieved. I am still not very confident of WW so not trading on it, going with usual adds in 60 min…..

Wolfe Waves: Re: Wolfe Waves

Mon, 10 Aug 2009 05:25:24 +0000

Something for 60 min flow players who are following WWs to ponder. Last 1 hour WW as indicated by me above superimposed on 60 min flow template gave me the confidence to take more adds than I would have taken in normal 60 min flow trade. This cut thru my previous whatever drawdown I had on 60 min sideways flow like an ancient katana blade.

A tip for WW hunters when the trend angle (say upwards) is not very sharp (typically around 30 to 40 degree from the horizontal) then look for WWs to reverse and merge with 60 min flow. Something to check and incorporate slowly in our journey to fine tune this method.

Trade well

Bee

Wolfe Waves: Re: Wolfe Waves

Sat, 08 Aug 2009 05:27:44 +0000

So Tushar you have a near perfect WW. Do not worry if one odd parameter does not fit in perfectly. So please track this WW and put up chart at EOD daily till target reached.
Trade well
Bee

Wolfe Waves: Re: Wolfe Waves

Sat, 08 Aug 2009 04:32:25 +0000

Sorry Bee, I had missed that post, read about fibonacci role in investopedia link u posted in your first post and from there picked up two ratios.
Here you go for the above wave, the ratios calculated. I guess they fits in:

Points

1.4566.7
2. 4387.5
3. 4606
4. 4415
5. 4678.6

Differences
1-2 = 179.2
2-3 = 218.5
3-4 = 191

Ratios
Point 3 is 1.22 of 1-2
Point 4 is 0.87 of 2-3
Point 5 is 1.38 of 3-4

Please correct if wrong calculations, never did this fibonacci retracement thing before…..

Wolfe Waves: Re: Wolfe Waves

Fri, 07 Aug 2009 17:57:35 +0000

Tushar,

Did you read this post?

http://tradersaint.com/forum/t-172102/wolfe-waves#post-551566

Bee

Wolfe Waves: Re: Wolfe Waves

Fri, 07 Aug 2009 15:23:34 +0000

20 bars between 1 and 3, 27 between 3 and 5 so not a good ratio i guess …. ?

I hope you are talking about the quote from below post

Symmetry and ratios have to be checked carefully when studying WW on larger TF like the hourly or the daily chart. There we have time to analyse in detail the formation of WW as per textbook rules. But that is something which I leave for the individuals to study and pursue themselves - here we will only concentrate on smaller TF WW.

Wolfe Waves: Re: Wolfe Waves

Fri, 07 Aug 2009 15:14:40 +0000

No Tushar - hope you went thru my post giving ratios in this thread. Just put up the calculations of three ratios no chart needed now.
Bee

Wolfe Waves: Re: Wolfe Waves

Fri, 07 Aug 2009 15:12:20 +0000

Bee look at the chart above, see if this is correct?

Wolfe Waves: Re: Wolfe Waves

Fri, 07 Aug 2009 15:11:31 +0000

OOPs my error - just counted the bars in a hurry in each square.Anyway will be glad if you can put up the ratios calculations.
Bee

Wolfe Waves: Re: Wolfe Waves

Fri, 07 Aug 2009 14:57:19 +0000

Bee that is hourly chart in continuation to my last one….Hope you are talking about 127% and 161% retracement at point 3 n 5 repectively from previous channel point. See if this is correct….

Wolfe Waves: Re: Wolfe Waves

Fri, 07 Aug 2009 14:53:16 +0000

Tushar,

Well done. An exercise for you and a demo for all of us here. This is on a 30 min TF. Please explore the daily or 1 hour or 4 hr bar TF for this WW (for better clarity and resolution) and put up the ratios (actual calculated ratios) for all waves and post here.

I have a break in the data after July 31 when I switched over to Aug month in my metastock data base so am unable to do this exercise. Will have to do something about it for continuity's sake.

Thanks

Bee

Wolfe Waves: Re: Wolfe Waves

Fri, 07 Aug 2009 14:32:17 +0000

Following up the WW I posted on 31st July, Bee see whether this is the same WW continuing, looks like target is around 4300….

Wolfe Waves: Re: Wolfe Waves

Fri, 07 Aug 2009 08:41:44 +0000

Prem
Seems ok. Draw another target line thru 13:10 bar low. Check the ratios and trade well
Bee

Wolfe Waves: Re: Wolfe Waves

Fri, 07 Aug 2009 08:33:58 +0000

Bee,
plz see this 5min chart of tata steel cash…is this ww

Wolfe Waves: Re: Wolfe Waves

Fri, 07 Aug 2009 08:31:19 +0000

Harish
This is a daily chart so no compromise on ratios and point place rules. Pt 3 should be higher than 1 and 5 above 3. At best this is a triangle.
Bee

Wolfe Waves: Re: Wolfe Waves

Fri, 07 Aug 2009 08:22:08 +0000

Bearish Wolfe Wave in Reliance Fut Daily

Thanks
Harish Chheda

Wolfe Waves: Re: Wolfe Waves

Thu, 06 Aug 2009 09:30:14 +0000

WOW more than a 100 points fall in this bar (60 min). Target line hit - pity. Was not expecting such steep fall. Had it taken some more bars then we would have had a better price along the target line (slope). WW is over now just ride the price.
Trade well
Bee

Wolfe Waves: Re: Wolfe Waves

Thu, 06 Aug 2009 09:17:06 +0000

which 11 am bar BEE, as on which date ?

OOPs soory — 5th Aug. Caught up with many things here. Too many things happening. But going as per my reading [for once at least ;-)]
Bee