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"WOLFE WAVES"
INDICATOR


by BILL WOLFE
From "STREET SMARTS" Book

Written in EasyLanguage Code
for the TradeStation / Supercharts Platform
(.ELS FILE) + Instructions + BONUS (See Below)
 

*** THE CODE WILL BE DOWNLOADED
IN ZERO TIME ! EVEN IN THE NIGHT ! ***

 

" This particular methodology is perhaps the most unique, effective trading technique I've ever come across! It was developed and shared by a good friend, Bill Wolfe, who for the last 10 years has made a living trading the S&P His son, Brian, also trades it. Brian was the first teenager I've ever met who consistently made a good income scalping NYFE (Knife) futures from his apartment. Brian, now 21, has expanded into trading the Wolfe Wave in other markets.

Bill's theory of wave structure is based on Newton's first law of physics: for every action there is an opposite reaction. This movement creates a definite wave with valuable projecting capabilities. This wave most clearly sets up when there is good volatility. With a bit of practice, it is easy to train your eye to spot these patterns instantly. "


Examples:

:

HOW THE SETUP WORKS

 

 

Rules for Bullish WolfeWave Structure:

 

Please note 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 reverse would apply for a bearish 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.

 

 


THE WOLFE WAVES INDICATOR IN ACTION !


 
THE WOLFE WAVES INDICATOR STILL IN ACTION ! 
 


Here is what you get:



WOLFE WAVES INDICATOR (.ELS)
Setup Details


 

Now Get the WOLFE WAVES EasyLanguage
code from the Conners/Raschke "STREET SMARTS" book.
Code is compatible with all versions of TradeStation / SuperCharts and is
open source for studying and upgrading.



BUY IT FOR $ 99


You can Pay by
PAYPAL or CreditCards
The Code Can Be Downloaded in Zero Time. No Shipping Fees!
for ANY Question just email me at:
info@forexvipclub.com

 

 

 

***FREE BONUS #1***

FREE WEBINAR by Linda Bradford Raschke on
CLASSIC SWING TRADING
in It's Purest Technical Form

 

 

 

 

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Tricks on Trading the FIRST 30 Minutes

 

 

 

 

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Enjoy!

 

 

  


So that there is no risk to you, I also offer a 100%,
no-questions-asked, money-back guarantee.
If you use this TRADESTATION CODE
and you're not convinced it will help you,
I want you to let me know and
I'll give you your money back, no questions asked.

 

 

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OTHER BLOG ARTICLES:

lunedì 6 luglio 2009

Wolfe Waves Trading Pattern

Wolfe waves are trading patterns which occur naturally in all financial markets. Wolfe waves are considered as one of the most reliable trading pattern for finding the trends, supporting and resistance levels, possible equilibrium price range and the breakouts. Wolfe waves are created as a result of both short-term and long-term trading, as thus can be useful to any type of traders trading any product.


A five point wolfe wave is the complete wave consisting of 5 waves with equal time intervals and symmetry. A bearish trend consists of 3 bearish and 2 bullish trends and a bullish trend consists of 3 bullish and 2 bearish trends. The waves must fulfill certain regulations
  1. The range of wave 3-4 must equal to that of wave 1-2.
  2. There should be regular intervals between all waves.
  3. Waves 3 and 5 should show Fibonacci relationship (127% or 162%) with previous channel points.
  4. Wave 5 should extend beyond the trend line formed by wave 1 and 3.
The channel formed by the first three waves is the support and resistance levels. The point 5 is the breakout point and is the best time to buy or sell. The point six, which is derived by connecting the points 1 and 4 with the 5th wave; it is the most profitable position. Remember the success with wolfe wave depends on how accurately it is identified.

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