I don't know how many here follow the wolfe wave, I use it in discretion at times, very useful when the pattern is imminent. I thought the formation was already confirmed because the target line was encountered after the 5th wave.. but market has decided to push for a higher 4 and a lower 5. I have attached to images, the formation from about 14-15 hours ago, and the current wolfe formation.
Sorry for the late post on the second picture. I saw the 60 second limit for new post, went to do something else, then realized it was more than 60 seconds lol
still holding this about 5 hours later...not been fun but..still looks extremely bearish on all charts...that is why I am 'hangin in there' and not trading out...
Everything looks like Friday flatline to me now. I made 1 trade today, my wife put me in charge of lots of domestic duties this morning which seriously cut into my trading time. I'm looking forward to more trading next week.
got an end of the day +19 pip winner on the EUR/AUD...and...I as actually long... I would venture 98% of my trades are shorts...
Order routing is down at my broker right now, missed out on about 20 pips so far. I've been waiting for a set-up for about 4 hours, it finally shows up and this happens. Oh well, I guess it is Monday afterall.