Introducing Russell Waves - beyond Fibonacci and Elliot. | Page 6 | Forex Factory

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Introducing Russell Waves - beyond Fibonacci and Elliot.

  • #101
  • Jul 3, 2017 9:26am Jul 3, 2017 9:26am
Looks to be Manipulation High on the GJ @ the news. Nice long (in duration) accumulation. If this supply holds it should be a good couple of waves.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ-ManiH.jpg Size: 616 KB


I drew the Yearly waves from the High Low of the first two Weeks of the Year. Will post more about that later.
  • #102
  • Jul 24, 2017 10:24am Jul 24, 2017 10:24am
Haven't posted for a while as I felt I was repeating myself. Here is a very simple setup that happens pretty much every Monday.

Climax volume on the 4h and 1h after low volume accumulation zone. Accumulation happened @ 2a so I set my target for the end of wave 2 (2b). Very easy 68 Pips.

I went through the 4h pulse/ cycle in this video.
Inserted Video


You just have to have faith in the levels GJ has since bounced off 2b to the start of wave 3 (3a).

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: GJ-1h4h.jpg Size: 577 KB
  • #103
  • Jul 26, 2017 4:06pm Jul 26, 2017 4:06pm
Hey mate! Nice post.

Im back. i got catched by the newbie trap and switched system after i saw that I have to learn alot and dont can trade this live in a few weeks. Somewhere musst ne something easier, faster to learn more profit. The shitty shiny Objekt Syndrom. But now im back and full of Motivation this is the way to go for me and i believe i can make the waves work for me.

Have a nice day. Tommorrow Begins a Journey again for me! Im excited and with Patience.
Everyday better.
  • #104
  • Jul 27, 2017 3:14am Jul 27, 2017 3:14am
Quoting arlucad
Hey mate! Nice post. Im back. i got catched by the newbie trap and switched system after i saw that I have to learn alot and dont can trade this live in a few weeks. Somewhere musst ne something easier, faster to learn more profit. The shitty shiny Objekt Syndrom. But now im back and full of Motivation this is the way to go for me and i believe i can make the waves work for me. Have a nice day. Tommorrow Begins a Journey again for me! Im excited and with Patience.
hahaah I know that syndrome. Keep it simple I've been also using the Monthly levels of late. Go to the Daily and project high and low of the first two days of the month. Forget TDI I think. Just focus on the 4h wave pulse, makes it so simple, cuts out all the noise. Glad to have you back.
  • #105
  • Jul 27, 2017 5:13am Jul 27, 2017 5:13am
Thanks for the answer!

I have to watch your new videos and try this h4 trading
So this works like the lower timeframe levels?
Yea I think the tdi is nice but not so helpfull

Correct money Management is the key.
Everyday better.
  • #106
  • Jul 27, 2017 6:55am Jul 27, 2017 6:55am
I'm just using the Monthly levels as potential supply and demand at the moment. Still using the Weekly levels as targets but they usually coincide with the Monthly levels too. I will post more about the larger time-frame levels when I know more, not wanting to confuse you sorry.
  • #107
  • Aug 2, 2017 7:16am Aug 2, 2017 7:16am
Pretty much the same trade as before but held this overnight. Bought at the start of wave 3 (3a) and TP was at the end of wave 3 (3b). Even though more often than not it will go through to 5a I like to keep to the ideal natural level for my TP. A nice 87.2 PIPS.

Climax high volume on the 4h, above the volume moving average, after low volume accumulation phase. Same on the 1h. Multiple high volume on the 15, giving some obvious strong demand.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #108
  • Aug 2, 2017 8:53am Aug 2, 2017 8:53am
Hi t4O,
Thank you for the levels!
They are priceless!
I'm finding they also work very well from major retracements.
The 4H chart below shows a major abc zigzag retracement,
following an Impulsive Bull Wave.
I can only say I'm amazed!!!
It went all the way to GM3b, then sq3 3b.
That may be the long term top.
Awaiting a reversal.
EURUSD 4H Chart:
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 170802 4H [1].png Size: 147 KB
Wait, or you will be slaughtered!
  • #109
  • Aug 2, 2017 9:03am Aug 2, 2017 9:03am
Quoting Uturn2
Hi t4O, Thank you for the levels! They are priceless! I'm finding they also work very well from major retracements. The 4H chart below shows a major abc zigzag retracement, following an Impulsive Bull Wave. I can only say I'm amazed!!! EURUSD 4H Chart: Cheers, U2 {image}
thanks U2! nice naked chart. The levels amaze me everyday, just takes understanding and faith in natural vibration.

Really appreciate that, spread the word!
  • #110
  • Aug 3, 2017 3:59pm Aug 3, 2017 3:59pm
XAUUSD 4H Chart:
I used the first 8 hrs of the trend to extend the levels.
Looks like a very good fit.
Will it go all the way to w5b, GM6a?
Not trading it, just exploring the possibilities.
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 170803 4H [1].png Size: 119 KB
Wait, or you will be slaughtered!
  • #111
  • Aug 3, 2017 5:48pm Aug 3, 2017 5:48pm
Quoting Uturn2
XAUUSD 4H Chart: I used the first 8 hrs of the trend to extend the levels. Looks like a very good fit. Will it go all the way to w5b, GM6a? Not trading it, just exploring the possibilities. Cheers, U2 {image}
wow thanks, haven't tried it on something other than Forex but I know it will apply to all markets. It's the Law haha!

Just from looking at the volume, the peaks are at the highs so it looks like it might be the top. Would have to check tomorrow's open to be sure though.
  • #112
  • Aug 3, 2017 7:38pm Aug 3, 2017 7:38pm
Quoting Uturn2
XAUUSD 4H Chart: I used the first 8 hrs of the trend to extend the levels. Looks like a very good fit. Will it go all the way to w5b, GM6a? Not trading it, just exploring the possibilities. Cheers, U2 {image}
just reread that, 'first 8 hours of the trend'. Will have to look into that more, just they seem to fit perfectly!
  • #113
  • Edited 5:05am Aug 4, 2017 4:13am | Edited 5:05am
EURUSD 4H Chart:
This one is from a significant retracement in the uptrend,
and GM2b [Blue] from a Weekly Extension.
Also note significant support at GM4b [Blue].
The upper levels look to be playing their part.
Let's see if we get the final top at GM5a / w4b [Yellow],
or is w3b [Blue] the top?.
Note the resistance at sq3 5a [Yellow].
The correlation between the Extensions [Blue and Yellow]
reveal that the levels are truly fractal.
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 170804 4H [1].png Size: 128 KB
Wait, or you will be slaughtered!
  • #114
  • Aug 4, 2017 4:31am Aug 4, 2017 4:31am
EURUSD DLY and WLY Charts:
Show the Blue RWE [Russel Wave Extension],
seen in the 4H Chart above.
Cheers, U2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD 170804 DLY[1].png Size: 158 KB
Click to Enlarge Name: EURUSD 170804 WLY [1].png Size: 144 KB
Wait, or you will be slaughtered!
  • #115
  • Aug 4, 2017 5:19am Aug 4, 2017 5:19am
Quoting Uturn2
EURUSD DLY and WLY Charts: Show the Blue RWE [Russel Wave Extension], seen in the 4H Chart above. Cheers, U2 {image} {image}
Pretty damn amazing. I've been playing with the accumulation phase for the month and year too. Try the hi/lo first two weeks of the year and the first two days of the month. Swing hi and low of the first leg of a trend is how I first started to project them but never really played long term like yours. Fractal magic indeed.
  • #116
  • Edited 10:23am Aug 4, 2017 10:04am | Edited 10:23am
Quoting Uturn2
EURUSD 4H Chart: This one is from a significant retracement in the uptrend, and GM2b [Blue] from a Weekly Extension. Also note significant support at GM4b [Blue]. The upper levels look to be playing their part. Let's see if we get the final top at GM5a / w4b [Yellow], or is w3b [Blue] the top?. Note the resistance at sq3 5a [Yellow]. The correlation between the Extensions [Blue and Yellow] reveal that the levels are truly fractal. Cheers, U2 {image}
Looks like w3b [Blue] was the top!
GBPUSD was smashed yesterday.
Today EURUSD.
I can see an Impulsive abc Wave i forming.
Waiting to Short the Wave ii Retracement.
Very keen to see how the RWE levels fit the impending downtrend.
Cheers, U2

Note: sq3 5a [Yellow] was SUPPLY!
MM loading up on Shorts.
So obvious in hindsight.
[A creeping trend ends with a lower high or higher low.
In this case after the first volume spike.]
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 170804 15M [1].png Size: 150 KB
Wait, or you will be slaughtered!
  • #117
  • Aug 4, 2017 1:10pm Aug 4, 2017 1:10pm
Yeah I missed the GU/GJ y-day, so obvious in hindsight too. Great chart, look for a short around 3a (red)
  • #118
  • Edited 8:42am Aug 7, 2017 8:03am | Edited 8:42am
Quoting the4thOctave
Yeah I missed the GU/GJ y-day, so obvious in hindsight too. Great chart, look for a short around 3a (red)
EURUSD 1H Chart:
Amazing t4o!
The RWE Red w3a to the pip!
Short at 1.1798 [tightened the SL to 1.1807. A couple of pips above GM3a Red.
RWE w3b Red is at 1.1655 with quite a few hurdles on the way.
TP nominal 100 pips at 1.1698.
Would you advise a likely target?
The Yellow RWE is from the previous uptrend.
Still seems to play a significant part.
I'll leave it there to see how it turns out.
Cheers, U2

Edit: Chart updated.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 170807 1H [2].png Size: 113 KB
Wait, or you will be slaughtered!
  • #119
  • Aug 7, 2017 9:03am Aug 7, 2017 9:03am
nice one! I would look at 3b (red) for TP to be conservative. Volume looks good. This weeks 2b,4a is at the previous low so have a look for extreme volume if/when it gets there. Maybe take part profit? Nice trade.
  • #120
  • Aug 7, 2017 9:48am Aug 7, 2017 9:48am
Quoting the4thOctave
nice one! I would look at 3b (red) for TP to be conservative. Volume looks good. This weeks 2b,4a is at the previous low so have a look for extreme volume if/when it gets there. Maybe take part profit? Nice trade.
Thanks t4O.
My Better Volume Ticks indy is a bit wonky.
It only shows the extremes.
Would you advise the settings.
MT4 is not my preferred chart package,
so I'm not very familiar with it.
Cheers, U2
Wait, or you will be slaughtered!
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