It should be noted that trading with Wolfe waves does not exclude the possibility of increasing positions, including with the common use of tests and spikes. LiteFinance: Wolfe Waves Wolfe Waves Device. Characteristics of Wolfe waves. Wolfe Wave Signals | Litefinance as the quotes of the currency pair reach the 1-4 line. At the same time, a perpendicular projection executed on wave 1-4 from point 5 can be used . It will give you an intermediate goal, which is achieved much more often than the previous target benchmark. Using projection allows you to customize the position control process.
For example, when reached, a trader can: - Completely close the position. - Move the protective stop order to the break-even point. - Fix part of the profit and move the protective stop order to the break-even point. LiteFinance: Wolfe Waves Wolfe Waves Peru Mobile Number List Device. Characteristics of Wolfe waves. Wolfe Wave Signals | Litefinance Thus, the Wolfe wave pattern represents ready-made solutions that allow past patterns to be transferred to the future and traded outwards on the basis of extrapolation. In short, it is a classic price action pattern, a trading system without indicators . However, as we said in relation to other patterns, no one will punish you if you use the system filters .
If you have any personal experience in applying the tool, please share it in the comments. Good luck everyone and good profits! PS Did you like my article? Share it on social networks, it's the best, thank you Ask questions and comments about the material below. I will be happy to respond and give the necessary explanations. Helpful Links I recommend that you try trading with a trusted broker here . The system allows you to trade yourself or copy the trades of successful traders around the world. Use my promo code BLOG to get a 50% deposit bonus on the LiteFinance platform. Simply enter the promo code in the appropriate field when depositing to your account on the LiteFinance platform and the bonus will be credited simultaneously with the deposit.