Introducing Russell Waves - beyond Fibonacci and Elliot.

Also when using the center of gravity in the lower time frames the 1Min and 5 Min it will start to bend or curve when changing direction. Now when going to the higher time frames you will see the longer direction of the over all trend. The lower time frames are showing you the up and down movement of the market, which you can get some good trades in.

Also to stress the tighter the bands are the better the price movement.

On the forexfactory board SuperTrend most profitable forex Ind $50-$2000 in two Month
https://www.forexfactory.com/showthr...=621129&page=4

There is a video of how the guy uses the ATRtrailstop indictor.

I use the ATRtrailstop indicator to go from the 1Min time frame for support or resistance arears to the next time frame

Just noticed I forgot 1 indicator with the template

This template has been working very well with the Russell Waves system pretty much dead on. Thank you the4thOctave!

Been trading this morning made a few mistakes but still making profit as you can see with 2 time frames open on the 1Min time frame you can see no support ATRtrailstops but you can see them on the 5Min time frame so I trader to there and took profits.

I have the Russell Wave on the 5Min time frame trading down to the 100%

Price dropped like a rock while I was typing closed for another 28 dollars

I am sorry guys I actually place the Russell Wave indicator on the swing low and high of the 15Min time frame then switched to the 5Min to drill down.

I have been trading to each of the waves going down and taking profits when hitting them and re-entering.

Just to give a visual of how I have been trading today. I placed the Russell Wave on the 15Min time frame and started trading the waves going down.

Thanks Forexholy, will look into it more when I have some time, not wanting to add anything more to my chart right now as I prefer it quite naked.

Great trade today. Have explained more in the upcoming video. Sorry it's taking me a while but this stuff isn't easy to explain. A lot of it comes down to intuitive knowing in the end.

Expecting this to go further but will wait for another breath. From 3b to 2b. The magic of TDI and WR lies in the yellow baseline. It really is a dynamic balance point of the market.

GBP/USD 15m. 70.7 Pips

Pretty good for a Friday afternoon. Loving TDI now, was a little early on the first entry and just missed my stop. The yellow baseline on TDI is seeming to act as the balance point, great synergy with Russell Waves.

GBP/USD 15m 50 and 60 Pips. May go further but prefer to take profits this late on Friday.

Hi Carl,
I don't wish to rain on your parade, but one must be careful of using divergence to enter a trade, or give a trade legitimacy. The divergence at yesterday's bottom could have resulted in an 'unexpected' loss.

But, congrats on your trade


Peaceful weekend to all

Mike

hey thanks blott, divergence is like the last thing I look at. I go more in depth in my video but the main thing I use TDI for is the yellow baseline being in an oversold/overbought condition. Also I like to see the green price line find support on the yellow baseline and divergence as the icing on the cake. It really is just an indication of a slowing of momentum. Thanks

Hi Carl,
I've not paid much attention to the TDI...maybe I'll give it another look.

Didn't mean to preach about divergence. It has its uses, especially if viewed on a higher time frame than on which trades are placed. Mind you, the very next low did produce a viable divergence trade...would have made up for losses on the 1st trade.

And thanks for coloured cheat sheet on post #1 - I'll have it to hand in future.

Cheers,


Mike

Hi All,
Something I have just noticed is that if you put the Russel fib on the last swing before end of day, you will see the direction for the coming day. Example below:-

Came within a gnat's hind leg of W2b!

This is repeated at the last swing on Friday. So far just looked at this on M15.

I'm putting my neck out here, but I expect price to hit GM3a on Monday. If it goes through W3a with good volume, it will hit W2b, but it will need some stick to get through all that buying at the bottom.

What do you think Carl?

Cheers,

PS Your videos are fine on IE but scrappy on Firefox.....at least on my computer


Mike

Another last example, though on a smaller scale i.e. price peaked during the Asia range.

Price got to target#1 GM3a but was rejected. 23 pips profit..not bad for Asia range! It did eventually get to W2b by going around the houses first!

On the 28th, if you put a fib on the Asia range, you will see price blasts down through GM3a and comes within the proverbial gnat's widget of W2b. Nice one Carl!