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Hard to say, John. I took Bill's correspondence course in 1997 or 98, out of
curiosity, to find out what was behind this setup. The price was $2,500,
which is certainly a lot of money for just one pattern.
Has it been worth it? I guess it has, because the trades I did using Wolfe
Waves were, for the most part, profitable. However, I rarely use Wolfe Waves
for trading now. There are so many simple patterns available every trading
day - breaks of support or resistance, MA-based stuff, trend channels,
wedges, pennants, some of Jeff Cooper's setups, etc. These patterns may not
be quite as intriguing as Wolfe Waves, but they do work. So I don't think
anyone would need to bother with this complicated setup in order to make
profits trading.
Just my $0.02, of course.
Michael Suesserott
-----Ursprungliche Nachricht-----
Von: jdfo [mailto:jdfo@xxxxxxxxx]
Gesendet: Thursday, March 22, 2001 18:28
An: realtraders@xxxxxxxxxxxxxxx
Betreff: Re: [RT] A Perfect Wolfe Wave
Thanks for the information, Mike. What does Bill Wolfe charge for his
correspondence course? I talked with him once, a year or so ago, and he
wanted, I believe, $2,500 for a day or two of personal training.
Do you feel the Wolfe Wave is worth the trouble of searching through the
many future contracts to find the appropriate setups?
Regards,
John
----- Original Message -----
From: <MikeSuesserott@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, March 22, 2001 11:54 AM
Subject: AW: [RT] A Perfect Wolfe Wave
> John,
>
> this setup is legitimate according to the Master Himself... Bill Wolfe
gives
> the details in his correspondence course. Linda Raschke's description
> doesn't do full justice to this pattern (though it gives a good first
> impression). In any event, I'd certainly agree that these waves are
> sometimes difficult to locate.
>
> Best regards,
>
> Michael Suesserott
>
> -----Ursprungliche Nachricht-----
> Von: jdfo [mailto:jdfo@xxxxxxxxx]
> Gesendet: Thursday, March 22, 2001 17:08
> An: realtraders@xxxxxxxxxxxxxxx
> Betreff: Re: [RT] A Perfect Wolfe Wave
>
>
> Mike,
>
> Your Wolfe Wave is almost "perfect" except that, as I understand it, "
> .....point 3 MUST be lower than point 1 for a buy setup." It seems that
> your point 3 is equal to or a little higher than point 1. This might be
too
> strict but this is according to Linda Raschke. Your point 4 is higher
than
> point 1 which is correct. Any comments?
> I've always been fascinated by the Wolfe Waves, but find it hard to
> locate them.
> jdfo
>
>
>
>
> ----- Original Message -----
> From: <MikeSuesserott@xxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, March 22, 2001 10:05 AM
> Subject: [RT] A Perfect Wolfe Wave
>
>
> > Hi all,
> >
> > sometimes Wolfe Waves can be astonishingly perfect. Please find attached
> the
> > one that formed in yesterday's 5-min. NQ01M.
> >
> > Good trading!
> >
> > Michael Suesserott
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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