Sunday, November 13, 2016

wolfewave-GBPCAD-12Nov2016















Pair     : GBPCAD
TF       : H1
Open   : Fibo 141 point 5
SL       : Fibo 200
TP       : point 0
OpenTime : 12 November 2016
CloseTime : Running ()

Thursday, November 10, 2016

wolfewave-CHFJPY-11nov2016















Pair     : CHFJPY
TF       : H4
Open   : Fibo 161.6 point 5
SL       : Fibo 200
TP       : point 0
OpenTime : 11 November 2016
CloseTime : Cut Loss 14 Pips

wolfewave-NZDCHF-11nov2016















Pair     : NZDCHF
TF       : M30
Open   : Fibo 113 point 5
SL       : Fibo 200
TP       : point 0
OpenTime : 11 November 2016
CloseTime : SL Loss 76 Pips

Wednesday, November 9, 2016

wolfewave-AUDCAD-10nov2016













This is very risky setup, the shape is so strange for me so i put the SL several pips above 161.6

Pair     : AUDCAD
TF       : Daily
Open   : Between Fibo 141 and Fibo 161.6
SL       : Several Pips above Fibo 161.6
TP       : Point 0
open    : 10 Nov 2016
Close   : SL Loss 68 Pips

Sunday, November 6, 2016

wolfewave-EURAUD-3nov2016














Pair     : EURAUD
TF       : H4
Open   : Fibo 127.2 point 5
SL       : Fibo 200
TP       : point 0
OpenTime : 3 November 2016
CloseTime : TP at 8 November 2016

Transaction Done!
Profit 341 Pips.


wolfewave-CADJPY-3nov2016















Pair     : CADJPY
TF       : H4
Open   : Fibo 161.6 point 5
SL       : Fibo 200
TP       : point 0
OpenTime : 3 November 2016
CloseTime :  TP at 8 November 2016

Transaction Done!!
Profit 204 Pips.

Sunday, October 13, 2013

ABOUT THIS BLOG

This blog is about my journey in learning WolfeWave ,one of trading strategy in forex.
all contains about my open position in this site is not a trading signal , it is just a reminder and a trading journal for myself.

This is very common explanation about Wolfe wave

Bullish Wave





Rules for Bullish Wolfe Wave Structure

Please not the odd sequence in counting, as you will see, it is necessary for the
inductive analysis.
By starting with a top we are assured of beginning our count on a new wave.
The 2 point is a top.
The 3 point is the bottom of the first decline.
The 1 point is the bottom prior to point 2 (top), that 3 has surpassed.
The 4 point is the top of the rally after point 3.
The 5 point is the bottom after point 4 and is likely to exceed the extended trend
line of 1 to 3. This is the entry point for a ride to the EPA line (1 to 4).
Estimated Price at Arrival (EPA) is trend line of 1 to 4 at apex of extended trend
line of 1 to 3 and extended trend line of 2 to 4.
Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3 and 2 to
4.
Trend line of 1 to 3 and trend line of 2 to 4 must converge.

Bearish Wave



Rules for Bearish Wolfe Wave Structure

Pleas not the odd sequence in counting, as you will see, it is necessary for the
inductive analysis.
By starting with a bottom we are assured of beginning our count on a new wave.
The 2 point is a bottom.
The 3 point is the top of the first rally.
The 1 point is the top prior to point 2 (bottom), that 3 has surpassed.
The 4 point is the bottom of the decline after point 3.
The 5 point is the top after the 4 point and is likely to exceed the extended trend
line of 1 to 3. This is the entry point for a ride to the EPA line (1 to 4).
Estimated Price at Arrival (EPA) is trend line of 1 to 4 at apex of extended trend
line of 1 to 3 and extended trend line of 2 to 4.
Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3 and 2 to
4.