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I hope the someone selling it goes by the name of Clyde Lee because it sure looks like his indicator from a few years ago.

 

i found this pic of a WW on ebay.(someone selling a WW indicator).

anyway, do you consider it a WW? if so, how would you play it?

 

thanks

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Not technically, because the #3 pt. is above #1, but who cares - it worked. You have a good eye for them hubba bubba. All we're looking for is a failed pattern, in this case a failed descending triangle. Wolfe adds the price target for the failure.

It's usually hard to find a true ww on a trending day. I think it's more likely to see a failure like the one you found.

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Sorry, that was regarding bubba's post of the ES chart. Whats that weird red bar covering a critical pivot point?. Looks like a junk indicator, number 2 point is wrong, and it looks like the #5 point never actually met the upper red line.

I think it's hard to code this indicator. Probably the best would be jan arps, I think he calls them fox waves or arps waves, duh....

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i have a WW indicator - think I found it here actually. but, it's not dependable

as i'm sure you guys know. it will find some, but plots some awful 1's too. i've been working w/ the trendlines-auto in TS. it makes for a messy chart, but seems to help me recognize a ww in the making. actually, i 'seeing' them better nowadays.

thanks waveslider, for the indicator :)

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would like to hear what you guys think of this one. very high time frame..

i thought it was interesting.

* have another question plz. when you say "just looking for a failed pattern", is it the failure of the

2-4 trendline after point 5?.. meaning, the break out of the wedge? if so, does this mean you don't

take the entry at point 5?

 

sorry - i kinda barged in yalls thread. i'm merely a novice, wannabe thusfar.

5aa70e286cccc_176500v_ES_WW.thumb.png.ae385310c7d0e4076ffe354c22807d9d.png

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bubba, feel free to barge in any time! Regarding the "failed pattern" that waveslider mentioned in permalink #103, the pattern is the wedge formed by the trendlines from pivot points 1-3-5 and 2-4. When that wedge fails, we take the trade in the direction of the failure.

 

The chart you posted gives a perfect example. You have the 1-3-5 line in red and the 2-4 line in blue, and the two lines form a rising wedge. If/when that wedge breaks to the downside, we take the trade.

 

For future reference, bubba, please include all necessary details of the chart you're posting:

1) contract name (or symbol, if it's a stock)

2) timeframe (or tick-frame if its a tick chart)

3) X and Y axes--at least you did get these into the chart, but I still can't figure out what contract or timeframe.

 

It's a courtesy to your TradersLab friends to tell us what we're looking at--many of us like to pull up the chart on our own software platforms and see what else we can see---sometimes that can be very helpful both to us and to you, if we report back that we've found something interesting.

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thanks Tasuki,

here's a better shot of the chart. for some reason, i felt i needed to conserve

screen space on the last 1.

* notice the display reads "1765 vol bars". in TS2000i, this =

176,500 vol bars. at least thats my understanding.

es_176500v.png.38d3860741e9ac4a8d122184b17580cf.png

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Beautiful chart, bubba. Geez, that 2000i is one strange program. I've got a copy but I can't get it to work for some reason. The unlock code somebody gave me isn't right, or more likely I don't know how to use it.

 

Seeing your chart makes me want to figure out how to use 2000i because a 176,500 volume bar chart is completely and utterly impossible with Tradestation 8.2, and since I just love volume bars, I'd love to get such a longterm chart (goes back over a month!!!) with plain volume bars.....you see, I've learned something by being able to see the whole chart...thanks for reposting.

 

The thing that looks strange about your Wolfe Wave is that the 1-4 line (the white line) is nearly flat. I'm no WW expert, but something about that doesn't look right. If it IS right, then your chart is predicting that the ES will revisit 1460. Well, let's see what happens!

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I Think what Tasuki was referring to was accessing volume bar charts that go back longer than 30 days, can't do that in anything newer than TS2000i because TS became it's own data vendor over the last several years. In the somewhat good ole 2000i days they were just a charting platform and 3rd party data provided the tick data via something called the global server. Now TS has chosen to only keep 30 days of tick/volume data in it's server database so can't do volume charts further than 30 days back.

 

Not hard to get the volume bars tasuki.. FOrmat symbol, select volume under interval, then the number of shares..

Isn't that what you want?

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i suppose there are a few advantages w/2000i. prolly not that many lol.

fwiw, i purchased mine on ebay, making sure i was getting an original disk.

wanted a standalone product on the cheap and it's worked out well..

 

but if i might ask, would you guys consider that longer term pattern? also, i get the impression that some prefer to wait for the entire wedge to fail or the breakout of the wedge. i was thinking w/ wolfe's, the entry was at point 5.

or maybe the 1st reversal bar at 5. thanks

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Actually, bh, I was thinking that TS wouldn't even accept a volume bar setting of such a large number, 176,500. I was mistaken, however, because I just tried it on my TS 8.2 and it actually worked. To my utter amazement, I asked for 60 days of data, and (strangely) I got three months of data. Well, color me amazed.

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This on on the 233 tick of ES I had my doubts on - - still don't know if that target will be achieved, maybe in afterhours. The way this market is going, the pull back is going to be a gap and run the other way.

 

The pattern worked better in ER2, though the target wasn't too great.

 

ER2's leadership began to falter today, leads me to think this rally is likely done.

 

Also, all of my systems are flashing sell signals today, confirming

MyScreenHunter.jpg.98ef27907e667936b06aaf98921a1479.jpg

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Waveslider: curious what would make you state what you did below. Also, would you be willing to share the underlying logic of your systems or do you keep those proprietary?

 

This on on the 233 tick of ES I had my doubts on - - still don't know if that target will be achieved, maybe in afterhours. The way this market is going, the pull back is going to be a gap and run the other way.

 

The pattern worked better in ER2, though the target wasn't too great.

 

ER2's leadership began to falter today, leads me to think this rally is likely done.

 

Also, all of my systems are flashing sell signals today, confirming

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found the same pattern that Waveslider did.

the good news:

-found it in progress

-made a few ticks (sim)

the bad news:

-quit trade too soon(congestion @2-4 line)

-this indicator seems to plot pattern after it's near completed.

:\

2min_es_wolfe.png.e440f262d308ee51249196fd3f2351cd.png

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This on on the 233 tick of ES I had my doubts on - - still don't know if that target will be achieved, maybe in afterhours. The way this market is going, the pull back is going to be a gap and run the other way.

 

 

Actually your Wolfe chart looks more like a Gartley to me.:\

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That one in ES today is one of the most classic ones I've seen. The one in the pound was nice too..

but that one in ES was awesome. I especially enjoyed the quick movement from point 4 to 5, and how pt. #2 was just so obvious.

I took a piece out of it, but can't say I would have held on throughout the whole move if I was trading just the pattern.

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Sparrow, it will help you if you start labeling your charts with the numbers of the points. The last one you posted was not a valid pattern as you represented it, or it might have been if we could have seen what you saw. I didn't see it.

I have gotten lazy with marking the pts since it was just me and Tasuki here for a while.

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Thanks for your comments waveslider, I've practiced a bit and find it more easy to spot the pattern already. I think the one starting at 14:29 on the same chart was valid though.

 

Looking for expanding wedges/triangles helps a lot.

 

Reminds me a bit of NQoos wedge setup but it is not the same.

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