So if you haven't taken his course, how would you know what its about?
I took LBR on her word when she said that her WW chapter covers "all you need to know about WW". This was corroborated by another trader who works with LBR. Whether LBR or this other trader took the actual course, I do not know.
Still, in a game where 90% of traders lose and 99.9% of vendors sell snake oil, you have to be skeptical, especially when the price tag is $3k and the web site offers no hypothetical performance or testimonials. Even though you should read all hypothetical performance and testimonials with a heavy dose of skepticism, you have to really question a vendor when they don't even offer those.
Add to this the fact that Bill Wolfe does NOT trade the Wolfe Wave himself. He admitted so in a phone interview done in 1995, after a broker for Justin Case called Bill Wolfe himself. Bill was running advertisements claiming that he & his son was trading WW for 9 years (that would put it around 1986 that he started trading WW), but he admitted to the broker that he does not trade WW himself. Maybe that's changed in the past 7 years later (which would make his WW discovery 16 years old).
Now does the fact that Brian Wolfe, son of Bill Wolfe, sells cars for a living instead of trading mean anything? You could argue either way, but if you are skeptical you would think that a very successful trader would see his children follow in his footsteps. After all, they have the best possible access to a teacher & mentor! Especially if that teacher & mentor is selling his methods for $3k (it used to be $3,500 in 1995). I mean, all Brian has to do is pick up a copy of the manual and read it, he doesn't even have to be on good terms with his father!
Yeah, yeah, tell me it's different strokes for different folks- but it is very encouraging for me to see Daniel Dunn follow in his dad's, William Dunn's, footsteps. John Hill Jr. follows in his dad's, John Hill, footsteps. And by all indications, looks like Jordan Oz is will be following Tony Oz before he even goes to college! These are just a few examples of successful traders mentoring their children to trade.
Yes, it is possible that Wolfe Waves provide a positive expectancy method to trade the markets, despite all of the above warning signs (no hypothetical performance, no testimonials, a review by respected trader LBR, and teacher does not trade himself).
So I suppose the real question is, are you profitable using the method?
