Introducing Russell Waves - beyond Fibonacci and Elliot.

I just use VolPeriod 100, Lookback 20. Although I think that might be the default? Oh you might have the normal bars set to the same grey as your background?

Thanks, it was the background colour.

XAUUSD 4H and 15M Charts:
Short: $1278 [RWE GM4b]
Let's see how it goes.
Cheers, U2

I see opportunity to short this pair will be @ 1283 or little bit higher what do you see bro

XAUUSD:
$1286 is the next higher RWE at w5b on my charts.
I'm very new to RWE, so am learning as I go along.
The level I shorted [$1278] is GM4b [Golden Mean 4b].
These levels seem to be highly significant.

Edit:
Short: 1278
SL $1280 [-2]
TP $1266 [+12].
Cheers, U2

No one predict direction and levels.
I see everybody fails.
Wait to non Trump based news.

Strongly disagree, done it countless times.

XAUUSD 30M Chart:
Closed out previous Short at BE.
Looks to be one more High to go.
Current PA looks corrective to me.
Cheers, U2

Why you are using 30M chart?

Hi t4O,
GBPJPY 4H Chart:
Probably not where you would place the RWE.
The levels appear to be very relevant though.
Looks like it is trying to base?
Would you post a chart with your analysis.
Cheers, U2

Purple is the Monthly accumulation phase, first two days of the month.
Yellow is this Weeks. Method I find most consistent but ideally the accumulation phase needs to be +50pips range. Expecting a reversal off 4b/6a.

RWE is Fractal across all time frames.
Drilling down to lower time frames reveals more information.
e.g. Impulsive or Corrective.
Cheers, U2

The year accumulation phase is the first two weeks of the year. Check out the year cycle. Same pattern, same fractal magic. Working on a couple new videos, thanks for your patience. If you want to play around with the longer term cycles, project from the hi/lo of the first two days of the month and also the first two weeks of the year (as shown below).



This year's levels (black), with this month's (pink).

EURUSD WLY and DLY Charts:
The long Lower Shadows on the DLY Candlesticks,
may indicate Smart Money, or Market Makers accumulating Long Contracts?
[Note: There are no long Upper Shadows, except the actual High.
Also, there are no closes at or near the DLY Lows.]
I'm looking at this as a Wave iv Correction,
with Wave v about to commence.
https://www.forexfactory.com/showthr...8#post10204018
https://www.forexfactory.com/showthr...4#post10207684

An Upside Break of GM4a Yellow may be the trigger: ~1.1775
[It looks like a very significant level!]
Cheers, U2

Thanks U2! Don't know much about Elliot Waves but it hit 3b on both blue and yellow. We might even get a correction back to blue 4a before continuing. Only because looking at the Weekly there hasn't really been any balancing unless you count the weeks of accumulation at 2b (blue). I'd have to drill down and look at volume more closely though.

EDIT: On 2nd thoughts, looking at the H4 volume, the peaks appear on the lows, a pretty sure sign of accumulation of buy contracts before they swing it up again.

If any are familiar with Steve Mauro and his theory of 3 pushes or waves here is a great example I took last week. On the 1h and 4h you can see a very obvious, what people like to call 'head and shoulders' formation. I'm trying to master catching these types of swings that last for 2 to 3 days. Caught the high of this move but ended up getting out at the end of the first wave, still needing to learn to trust overnight trades.

You can see a clear accumulation phase at the end of each wave, then a manipulation high on climax vol before the start of the next wave. The pink levels are the monthly projection and the cream levels are the weekly. Hopefully my notes are self explanatory but if you would like a more in depth ask me and I can definitely go into more details with a short video.

Much easier to see accumulation phase with Heiken Ashi and higher time-frames. (Blue boxes)


Pay attention to the climax volumes on the Better Volume indicator at manipulations highs.


Starting to see validity to the TDI as it goes into accumulation when the yellow baseline reaches the oversold area (15m). Will go into this in more details soon, still new for me.

Hi Carl,
Do your levels have be put into Fib expansion or Fib retracement tool? I don't see you use the 3rd leg of the expansion tool when you set up the levels, so I assume you are using the retracement tool. Am I correct?

Cheers,

Mike

Hi, sorry for the late reply, just back from holidays. I use the retracement tool as it just makes it easier, even though they are technically projections or expansions. You would be correct :O)

Hi Carl,
Ok, thanks. I was momentarily confused when you mentioned the fib expansion tool, but back on track now.

Mike

Hi all,
Slowly getting the hang of Carl#s Russell Wave method. Was out today but saw this long trade on gbpusd when I got back, that could have been taken, with an exit bang on the W3a level. Then the reversal was worth 40+ pips.

Volume is very important to show when price has run out of steam and 'will' (ha ha ha..) reverse....most of the time anyway. The Doji at the top had very high volume, but the next bar was down. How could that be if that volume was all buying? Obviously a lot of absorption of buying from those that SM had conned into going higher, when they saw the prior Jolly Green Giant bar! Though the next big up bar was on high volume, it was lower volume than the Doji. Then the next bar was down...time to get in short. Which would have netted around 40 + pips.

Good concept!


Mike