Frequently Asked Questions
Bill,
Bill,
Bill,
Bill,
Does the Wolfe Wave work on forex markets?
Bill
About how many people have you taught the Wolfe Wave to?
If you looked on the internet, it would appear like I taught thousands.
Actually, I have taught less than two hundred to date and that was over a ten
year period to traders from all around the world. The junk that you see on
the internet are "adaptations" that people have invented (junk). I have
NEVER seen a Wolfe Wave drawn correctly according to the way that I teach it.
Bill,
Do I need to know advanced technical analysis to learn the Wolfe Wave?
No. The Wolfe Wave is a "stand alone" methodology. I encourage
students to "fumigate" their charts. Remove all of the useless oscillators
and indicators (jewelry) that clutter up the screen.
What do you teach that is not already on your site?
How to identify the rhythm of the market, the proper time frame, when to
adjust the target line, x-raying small time frames, how to fine tune the sweet
zone, how to trade from the 4 point, Globex/day relationship, everything
matters, scalping, stops, potential trading areas, trading from the 3 point,
and more. In short, the ten-day fax will walk you through the market
following a precise set of rules which will produce "crystal ball" like
results.
Does the Wolfe Wave work on FX?
Yes.
Is the Wolfe Wave subjective?
No. The reason one might suspect subjectivity after viewing the examples on
my site is because they are not privileged to the precise set of rules that I
teach. Another misconception is that Waves are random and rare. There is
ALWAYS a Wave in progress. It is IMPOSSIBLE for there to be motion without
a Wave rhythm. I
live outside the U.S., can I wire Payment?
Yes. Email me for specifics. Is the Wolfe Wave difficult to learn?
Can I take the Wolfe Wave course without owing a fax
machine?
Yes. Call Bill for details.
Is the Wolfe Wave like the Elliott Wave?
No. Did the Wolfe Wave give
any warning about this terrible market decline? The
question that I am asked most frequently, goes something like this: I like
to trade on a two minute time frame, can I be assured of catching a
trade each day?
The
answer is yes, you can catch a trade, but no, it may not be a complete Wave
like the examples shown on this website. The reason is that if the Wave is on a
larger time frame, you will only see an unrecognizable part of it on a two
minute time frame. On a recent day that I was asked this question, I
told the caller: no, there were no complete Waves on a two minute time frame
today. Only one move on a larger Wave for a potential profit of 49.50
S&P points. She sent a check! Once you take the course, you
will be able to see these Waves instantly.
Bill, I've heard that the WolfeWave doesn't work anymore because everybody uses
it?
How can you expect me to buy it when you show me how it works
for free? I have wasted thousands of
dollars on useless junk. How can I be sure that yours is different? Bill, was there a WolfeWave
today? Do I need expensive software? Do you limit the amount of people that you teach? How do you teach it? What do you teach it on? What time frame is best suited for WolfeWave trading? Is it subjective? Many
methodologies, like Elliot Wave, can be seen perfectly clear with "20-20
hindsight." Is yours like that? I don’t like to hold for long time periods. Could I
"scalp" within the Wave? Does the WolfeWave require a lot of trading?
No,
work less, make more. See "Fatso and Skinny"
result. How many trades does it produce a day? If I am not satisfied, can I have my money refunded? Will I have to sign a Non-disclosure agreement? Do you anticipate a price increase? Bill,
Knowing my status in the financial community, will you please keep it
confidential that I took your course.
How
to get started with the course.
Are you affiliated in any way with others that interpret so called Wolfe Waves
on the internet?
Answer: No
2/19/08
Does the Wolfe Wave use: triangle, rising wedge, falling wedge, head and
shoulder, inverted head
and shoulder, pennant, trend lines, breakouts?
Answer: No
2/19/08
Bill,
According to the Wolfe Wave methodology, is this the end of the bull market?
Answer: I will follow the rules on the monthly chart attached (chart not shown).
If one can assume that we hit the
Target Line on the bullish wave on the monthly chart, then a sell-off could be
expected. Being that the price
hit the Target Line twice, we can then assume that it was a possible 5 point. We
would then be in the process
of building the next potential bullish wave, although at a lower level. (A
bullish wave is not a forecast for higher
prices until all 5 points are formed as the 5 point is the lowest price.)
Wolfe Wave Practioners should refer to the lessons on: How to approximate the
4 point, Pressure points,
Adjusting to different time frames, New High/Low and Trending markets.
The good news is that even if the uptrend is over, there will always be
tradable waves on smaller time frames.
1/5/08
Often I am asked by a prospective student if I have ever taught someone from “their” country. Apparently they want to see that it can be accomplished in their part of the world. To date, I have taught at least one student from the following countries:
United States, Canada, Mexico, Argentina, Bulgaria, Canary Islands, Spain, Portugal, France, United Kingdom, Germany, The Netherlands, China, Japan, Taiwan, India, Pakistan, Indonesia, Turkey, South Africa, Kuwait, Saudi Arabia, Australia, New Zealand, Italy, Singapore, Hong Kong, Israel, Belgium, Switzerland and adding...
9/25/07
I see so much stuff on Wolfe Waves. How do I know right from wrong?
By taking my course.
Do yourself a favor and avoid chat rooms, like the plague. It is truly the blind leading the blind. For the zillionth time I will repeat: I have never seen a properly drawn Wolfe Wave on the Internet. More importantly, they are all drawn after the fact. It is like giving a child a crayon and having them play connect the dots. My students can often frame out the entire Wave—in advance—with only three points plotted.
I just received your manual and I have several questions.
This is the question I get most frequently from new students. The manual is only a very small part of the course and all you need is a “casual” understanding of it before we proceed with the ten days of advanced lessons. This is why I caution in the letter not to take trades based on the information that is in the manual, because by itself, it is incomplete. The manual was written over ten years ago and was never intended to be a stand-alone course. The advanced lessons will eliminate all the subjectivity and will make Wolfe Wave identification crystal clear. Click See What Others Say for comments from students after they have finished the advanced lessons.
Yes. I often tell people: if you have something that works on one product and not another, you have something that does not work. Mine works on all products.
Yes and no. If I were to give you all of the material up
front, you would find it very confusing and probably end up losing
money. (This is one of the reasons that I haven't put it all into a book.) If
on the other hand, I give you the manual Seeing the Future and
then teach you the advanced lessons as the market unfolds, you would have a
complete understanding of the method. Naturally, I am always here to answer
your questions.
Yes. In a fax that I sent out in April of '02, I drew a
Wolfe Wave that indicated a potential 300 point drop in the S&P (which it did)
and added: "At this point, it is the clearest possibility on the horizon."
"Everybody" was not taught by me. Many people THINK that they know the
WolfeWave. They don't. I have seen examples on the Internet, and
even chart examples issued from advisory services and brokerage houses.
The charts are laughable. These people were not taught by me. Don't
listen to hearsay, call BILL (914 747-6258)
Allow me to draw an analogy. What I show you is a
picture of a person balanced on a bicycle. What I teach you is how to
ride that bicycle. I freely give away the architecture so that you can see
the beauty of the method. But without first taking my course, finding "well
structured" Waves, would be like trying to take a picture of somebody from
outer space. Many people "think" that they understand the
WolfeWave. I get faxes from them often. It looks like
"Refrigerator Art." Unless the person was taught by me or my son
Brian, I can say flatly, they don't know it.
The difference can be summed up in two words: Persuaded and convinced.
You may have been persuaded by a fast talking salesman that
"this is the system for you." You may have been persuaded
by curve fit data that "this is the system for you." I feel that
the free rules, free examples and honesty of my website, will convince
you, that this is a better way to trade.
Yes. But you could not have seen it without first taking my
course. Click
here for an example.
No. "Bells
and whistles" are not necessary. What you will need is the ability to
draw trend lines and plot multiple time frame bar charts. Some data
vendors provide adequate software for free.
Yes.
I start by sending you a manual
with information similar to what is on this site. Then, when you are ready, I start a ten-day
instructional fax that I send to you each day before the market opens. The Fax
includes advanced teachings and much that was intentionally left out of the
manual. It will also alert you to Waves that are in progress. However, I am not an investment advisor. The faxes are to teach you to see the
Waves as I do and how to anticipate market moves.
I teach it on the S&P Future intraday where you can get a
year's worth of experience in just a few weeks. If you don't trade the S&P
you can apply the instructions to any other stock or commodity with matching
success.
Once I show you how to identify the dominant Wave, you can
scale down to a time frame of your choice and trade in harmony (trend) with the
dominant Wave.
No. If two or more traders were to look at the same time
frame, it would be impossible for them to come to different conclusions.
No! In our Advanced
WolfeWave Analysis, you
will not only learn where the 5 point is likely to form, but you will also learn
IN ADVANCE where the 3 point, and the 4 point, are likely to form.
In some cases which are graphically explained these are excellent areas
to take a trade.
Yes. I will teach you how to nail down profits almost
instantly while under the protection of a stop. "Size" traders –
ones that trade hundreds of contracts -- absolutely love this.
A trader should look for quality – high probability trades
– not quantity. One good trade per day will earn you a very nice income. An
experienced trader would never have a day without a good opportunity.
No.
Yes.
Yes.
Yes. I never reveal the name, phone numbers, etc., of anyone
that takes my course. I don't sell mailing lists! What I teach is on
a private, one-to-one basis.