Russel Waves. Trading the way Nature flows.

Perfect setup on the GJ today. If we look at the week gone by, it pinged the GM4a on Monday and traveled, bouncing and re-accumulating on the way at each key level down. A very natural cycle, mainly sticking to the sqrt 2 frequency. Stopping at the end of wave 2 (2b) and retracing to the start of wave 3 (3a) then going to the end of wave 3 (3b) and that seems like the end of the down wave cycle as it has come all the way back up to 2b on the upside.

The setup for me was seeing nice divergence on the TDI, manipulation high bouncing off w2b. Took my entry there on seeing extreme volume and no follow through on the 1m and 5m chart. Dotted lines indicate my entry and exit. Was expecting it to hit %100 but saw some resistance at %50 and took my profit of 74.4 pips. You can see I like to draw my trends on TDI as it is based off the close and is a great indication of momentum slowing when we see divergence with price.

Please download the attached file and draw the levels on the chart yourself.

5m:



15m:

Even in times of extreme volatility, the UK elections, Russell Waves hold up.

I had an inkling or prediction that because this week stopped at the end of wave 3 (3b), I found it odd that it didn't go to 5a before retracing. This happens quite a lot and I was looking for wave 4, starting at 4a but it just kept going up. Just trying to show that it naturally wants to go four waves on a natural trend, hence the name the 4th Octave. I see it time and time again. You would think that the UK elections would create randomness and chaos but it can't break natural law. It clearly stops at 4b and 6a, even went through to sqrt3 4b as the absolute extreme, to the tick.

A really great example posted by a member. Please read on from this post here: https://www.forexfactory.com/showthr...33#post9972033

If any subscribers of this thread could please subscribe here: https://www.forexfactory.com/showthr...65#post9981465, as Forexfactory has made it awkward now that they have moved both of my threads to the commercial section. Thanks

do you do mentoring on this method? how profitable are you? what are your estimated annual returns?

thanks