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RUNNING WITH THE WOLVES
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Author RUNNING WITH THE WOLVES
latinoholic
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Joined: 21 Jul 2007
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Post: #16   PostPosted: Tue Feb 23, 2010 1:25 pm    Post subject: Reply with quote

rajamani wrote:
is this correct WW projection

senior `s kindly give me your views

regards
rajamani


wrong pattern. it is not wolfe wave
it must closely resembles rising wedge or falling wedge
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shekharinvest
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Joined: 21 Dec 2007
Posts: 549

Post: #17   PostPosted: Wed Feb 24, 2010 5:24 pm    Post subject: Reply with quote

Hi,

You all are getting WW incorrect.

Look for the following

BULLISH WW

1. Trend should be down.
2. The pattern must be also down.
3. Look for symmetry in waves.
4. Channels should be only slightly converging.
5. Point 5 should extend beyond the TL.
6. Target Pt 6 - by joining Pt 1 & Pt 4 must be
in the opposite direction to the trend i.e. UP.


Reverse for the Bearish WW.


SHEKHAR



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MILANCHN
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Post: #18   PostPosted: Wed Feb 24, 2010 7:09 pm    Post subject: Reply with quote

SIR HOWS THE TARGET RATE FOUND OUT AFTER POINT 5 IS REACHED

THNKS
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shekharinvest
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Post: #19   PostPosted: Fri Feb 26, 2010 3:41 pm    Post subject: Reply with quote

MILANCHN wrote:
SIR HOWS THE TARGET RATE FOUND OUT AFTER POINT 5 IS REACHED

THNKS


Milanchn,


One of the qualities of the WW is that it provides us with the near perfect TGT price. And if you do some advance studies you may arrive at the approximate time by when that price could be achieved. I am not following it though, trying to keep it simple.

Now here it is how we go about it - i.e. approximating the target price.
If you have found the WW and marked point 1,2,3,4 & 5 correctly join point 1 and 4 and extend it as far as possible. This whole line beyond point 4 represent possible tgt price.

In true WW price moves in symmetry and observing the symmetry we can draw a line starting from point 5 toward the extended line 1-4 which is parallel to lines joining point 1-2 and 3-4, the point of confluence is our point 6 i.e. the TGT price.

Depending upon the speed at which price moves, targets could vary, say if it moves slowly tgt could be higher and if it moves fast tgt might be lower.

But I must caution you this is not the right way to go about it but merely a good approximation.



You can refer to various charts posted below.

Hope I have made myself clear.

SHEKHAR
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shekharinvest
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Post: #20   PostPosted: Sat Feb 27, 2010 1:31 pm    Post subject: Reply with quote

Hi,

I am posting below two charts SBIN-1m 20min TF and Tatamotors-1m 15min TF.

I could find the setups at the right time simply because I follow these scrips on intraday basis and there was no use posting them here realtime as nothing could have been gained.

I am posting them now for academic purposes only.


SHEKHAR



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Last edited by shekharinvest on Sat Feb 27, 2010 1:35 pm; edited 1 time in total
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rrsekhar
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Post: #21   PostPosted: Fri Mar 05, 2010 7:33 pm    Post subject: reliance wolfe wave?? Reply with quote

dear shekhar, are the wolves attacking?? check this out. regards


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rrsekhar
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Post: #22   PostPosted: Fri Mar 05, 2010 8:54 pm    Post subject: running with the wolves Reply with quote

shekhar check this out also. this happened today. i was going through the wolfe wave dot com when i realised that one min charts can be used effectively for highly volatile stocks. regards


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shekharinvest
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Post: #23   PostPosted: Mon Mar 08, 2010 10:10 am    Post subject: Re: running with the wolves Reply with quote

rrsekhar wrote:
shekhar check this out also. this happened today. i was going through the wolfe wave dot com when i realised that one min charts can be used effectively for highly volatile stocks. regards


rrsekhar,

You are right, wolfe wave are effective in all times frames. The only issue is they are difficult to find and on the smaller time frames by the time you spot them they might have achieved their tgts as well.

It is better to focus on EOD charts and at the most hrly.

SHEKHAR
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shekharinvest
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Post: #24   PostPosted: Mon Mar 08, 2010 10:19 am    Post subject: Reply with quote

Hi,

Have been busy of late, will start posting in next few days.

Please check out prajind EOD charts it has regained the lower TL and moving upwards with first TGT at upper TL and if able to break it then TGT as per WW.

Those who were following it must have taken postions by now.

Although this is not a perfect WW, as was indicted in my previous post also.


SHEKHAR



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shekharinvest
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Post: #25   PostPosted: Tue Mar 16, 2010 11:25 am    Post subject: Reply with quote

Hi,


Here is a WW on LT-1m 30 min charts which I could not Identify in time and was carrying short which eventually hit the SL. Will it reverse from here ?


SHEKHAR



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rrsekhar
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Post: #26   PostPosted: Tue Mar 16, 2010 9:17 pm    Post subject: running with the wolves Reply with quote

dear all - King target achieved. check this


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rrsekhar
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Post: #27   PostPosted: Tue Mar 16, 2010 9:32 pm    Post subject: running with the wolves Reply with quote

dea shekhar - do wolfe waves follow each other - check this 1,2,3,4,5 achieved. position to be taken once the trend line is broken. Very Happy


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shekharinvest
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Post: #28   PostPosted: Sat Mar 20, 2010 1:52 pm    Post subject: Reply with quote

Hi,


Do have a look on the chart - Renuka EOD. Does this one looks like a WW or I am being wishful.


SHEKHAR



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girishhu1
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Post: #29   PostPosted: Thu Mar 25, 2010 8:43 pm    Post subject: WW & NVK ON RENUKA? Reply with quote

WHAT'S YOUR OPENION ON RENUKA NOW, SHEKHARJI; ESPECIALLY WHEN SOMEBODY HAS POINTED THAT NVK SET UP ON DAILY CHARTS ON 24/03/10?
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jjm
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Post: #30   PostPosted: Wed Mar 31, 2010 6:34 pm    Post subject: NF-1m WW Reply with quote

Dear Jimmie,

kindly confirm is it a correct interpretation of WW waves or pt 2 shd be pt 1

Regards,

JJM



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