nope that doesnt precisely clarify... tho I'm getting your general drift... Seems like there must be some reason why you're not spelling it out... no matter....
Good trades...
Printable View
nope that doesnt precisely clarify... tho I'm getting your general drift... Seems like there must be some reason why you're not spelling it out... no matter....
Good trades...
5th leg count circa .6920:) completing the wolfe
Need a 4th bounce first;)
Cheers
Slam
Morning Slam
I presume you are talking about Wolfe Wave.
What date is your start point?
Regards
arco
Morning arco
circa 30th may
OK - what are you basing your 5th wave
projection figure on ?
from 1 to 4
I should clarify that the 30th was count of 1
http://www.nzwebservice.co.nz/4xchar...-USD Daily.gif
Slam
Yes I can see where you are coming from,
however I could see the 5th wave ending
lower.
Where did you learn your Wolfe Wave ?
and has it worked for you?
arco
arco
http://www.investopedia.com/articles.../05/040405.asp
First time I've found this pattern and so far on this trade it's working fine.
My end point may be a bit out as my charts, as you can see, don't allow room for future plotting :(
will follow this one as it looks like the real deal
Cheers
Slam
Nice work Slam,
I don't know which charting package you have but if you want some fresh air on the RHS of your charts, go to view, periods, then change leading space to whatever suits
you can also adjust the periods shown on any chart using periods - you'll find it in the same box as leading space
Yes looks like selling rallies is the mode for a while now
Still short from 7075, added last night at 7037 and 7036 just to keep an interest....
Xerof
Hi Slam
I have experimented with WW in the past
but I did not find they worked well with FX.
(I think they work OK on some of the indices).
The NZD pattern is again not quite perfect based
on the rule Waves 3 and 5 are usually 127%
or 162% (Fibonacci) extensions of the previous
channel point.
Anyway, patterns are rarely perfect, so it
will be interesting to see what happens.
arco