Modify Wolfe wave - page 19

[leutzuro]

dorrtaj:
its true? please help me

yes is good setup

[leutzuro]

also you can interpret this chart like this

[dorrtaj]

tnx

leutzuro:
also you can interpret this chart like this

tnx leutzuro for help me . I buying GBP/USD in 1.9843

[dorrtaj]

this pattern is very nice !

[leutzuro]

practice more an will be easy to trade forex

aply money management and risk reward ratio

also look for divergence

you dont need to much on your chart to be able to make some easy money

have the best

[dorrtaj]

leutzuro:
practice more an will be easy to trade forex

aply money management and risk reward ratio

also look for divergence

you dont need to much on your chart to be able to make some easy money

have the best

this line is divergence?

sl:1.2305

tp:1.2170

[leutzuro]

yes is divergence

what i use is stochasit oscilator and RSI sometime, but almost of the time i use stochastic oscilator with standard setup but you can use what you like

[Weaver]

NASDAQ Trader

leutzuro:
yes is divergence what i use is stochasit oscilator and RSI sometime, but almost of the time i use stochastic oscilator with standard setup but you can use what you like

I mainly trade equities but the information here at forex is worth the read.

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Leutzuro,

What numbers do you use for slow stochastics?

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Which one is more common, the 127% or the 162% Fibonacci extention for the Bullish Wolfe Wave #5 entry?

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Would it be better to wait for panic selling to occur, have a recovery rally, and false breakdown (bear trap/shakeout) to pierce wave #5?

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I'm new here and am curious why some of Clam61's post are not visible.

[leutzuro]

Weaver

I use standard setup 5.3.3 for stochastic

[Weaver]

Leutzuro

Thanks for your reply Leutzuro.

What do you think of slow stochastics with setting of 21/7/7?

The attached file has a standard Stock Chart slow stochastics.

I'm getting mixed signals on this stock and would like to see another trader's perspective on this.