Wolf waves, great tool! But WW indicators suck well... ass. They don't apply the WW rules. example in the case of the screenshot: point 1 must be higher that point 4 in a sell setup and line 1 - 3 / 2 - 4 are not coming together. Invalid trade... Maybe GBP/JPY will go down, although not because of WW.
Draw them yourself!
Example of a correct one:
1 - 3 / 2 - 4 lines are coming together
1 lower than 4 (it's a buy)
SL 1 pip under 5 (horizontal line)
exit (x, price hitting 1 - 4 line) 384 pips in profit
Entry when price closes above 1 - 3 line (arrow)
Other indicators price would go up:
Price oversold
Inside bar 4x
Outside bar 2x
Fibo forming resistance at 261.8 (3 - 4 wave)
Succes
Last edited by priest9; 05-29-2008 at 08:48 AM.
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