Recent content by wolf-pak

I have been getting a lot of pm's about an ebook, website, etc. I have decided to set an irc room up so that people can discuss the methods and trade setups in realtime. I registered #tradingwolves on othernet.org . It should be live in a day or two. For now we can meet there on...

The mean is indicated by multiple points... open's, low's, high's, and closes. So it doesn't matter that it traded through it (bar 3) Go in on the 100 tick and you will see more hits as well. But yes, you are correct, the mean was established by those first 2 bars, and by the mean test...

This is important so I will post it agian. I should have said it this way from the beginning. Example, uptrend, pullback. Price fluctuates around the mean point After extreme and possible more fluctuation around mean, the first move comes. At this point, the first move is just a...

Thank you, this is a valuable post. The wolf-pak method is useful for determining entry when you want to enter a trade. So far I have only covered entries for pullbacks in a trend... You have to determine the trend direction. I will get to that. I jumped right into the method of...

edited... I just deleted what I posted to simplify it. you are right, I am posting this for emphasis, that the mean must be tested, not just higher lows and highs. Example: uptrend, pullback Before the mean is support, it is a mean. Price can trade on both sides of it. When does...

The basic criteria for entry is when the second move passes the first move. However, there are other aspects such as reward greater than risk, that need to be checked as well. More understanding will come when people understand the basics. More teaching will also come then.

Schaefer, This is not the case... look closer. You may have to go into a smaller timeframe to see it, you may not. One of the main points in learning price action is looking within a candle. Notice the last candle to touch the mean line. That is the MEAN TEST. Before this what do you...

See attached. I added the enter and exit points. Notice that for pullbacks, the first exit should always be at the previous high low ie... new extreme in trend direction. After this a trailing stop can be put in, or it can be watched for price action exit. I will cover that later...

Picture is attached. I drew the mean lines for the pullbacks. I'm not going to get into the trend reversals right now , just the pullbacks. Look for the extreme, the mean, first move, test, and second move. I will take questions that are on topic. The PB's are numbered so that we...

I will not cherry pick the chart or the day to illustrate the method. So I will annotate tomorrows chart after the close and post the pictures here. Because reading price action from the chart is difficult, I will introduce the wolf-pak method in phases. Phase 1: entering on a pullback...

Some might ask, why go about it like this. Answer: If you want to buy breakouts, you need to study breakouts, and see which ones work and why... If you want to buy pullbacks, you need to study pullbacks and see what causes them to stop pulling back and start moving with the trend...

Jim, A timeframe that is too small might be less than 25 ticks, or less than 300 contracts for volume bars, or less than 8 seconds for time bars. These are just too small. You'll understand as I post more charts. I personally use tick bars. I look at the 100 and 250 tick bars. I...

Jim, I can take the heckling... I can even heckle back. Afterall, I was the first one to call em names. Maybe I can use your advice tho. I will put these guys on ignore, and continue posting about the method. For those that want to read the thread without filtering thru the guys who...

yawn ps... I wanted to start a discussion about my method for 2 reasons. Maybe someone can add something of value, and maybe someone can get some value... so far it's just "let's bash anyone who claims to offer value". "first lets say he is on the wrong path with this, we tried...

I have an idea of how to make ET better... Baron should let the thead starter ban people and delete from his own threads... This would put all the lame guys out and they might actually have to start a thread that has value if they want to say something. Better yet, since Baron won't do it...