I was intrigued by these site: http://www.wolfewave.com/ https://www.forexforum.co.za/broker-...el-broker.html, to see some insight into Bill Wolfe's waves, known as Wolfe Waves.
Please google it to find all details, as this thread assumes you understand the concept of WW.
This thread is all about open talks on WW trading style. Please feel free to comment. Experts opinions are appreciated by much.
Does it truly work in fx. . .this is my diary to choose to accept, or dump WW's notion.
For a candlestick pattern trader, I found combination of candle reversal patterns resulting in the WW patterns, an amazing way to detect wave 5 to get a quick profit.
Point of entry is the expansion of 1-3 points,
Target is the expansion of 1-4 point. Max SL is set to 40pips.
As long as R :R ratio is higher then 1:1, transactions are okay.
Attached is your EURUSD hourly chart at the end of this Friday...a great market opportunity during NY sessions which I overlooked.
Let us see what next week will attract....