Introducing Russell Waves - beyond Fibonacci and Elliot. | Page 4 | Forex Factory

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Introducing Russell Waves - beyond Fibonacci and Elliot.

  • #61
  • Edited 2:00am Jun 15, 2017 1:47am | Edited 2:00am
I was wondering whether mirroring the levels so that they're projected or reflected on either side of the 8-hr block works?
Or do you re-plot the levels during the week if it looks like a Hi/Lo has been established and P is now reversing?

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Ta
  • #62
  • Edited 4:03am Jun 15, 2017 3:50am | Edited 4:03am
Quoting livindaylite
{image} Is there more than one way to plot the Mon. opening session? In this example I used the 1st 8h trading block but p carried on higher before turning. Another possibility might've been to plot the entire High/Low swing or the 8hr block from the High? All very different results, is this where we get into the subjective art of it? Also, if P continued higher then we just swing the extensions around so that the levels map north, but if P trades in a range, up & down? Ta
Thanks livingdaylite, yes we plot one high and low. But I'm unsure how you have done it. Chart should look like this. So project one high and one low using the same 8h.

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In this case GU has gone one wave down and one wave up, 4 pips off of wave 2b high. To me this week looks like accumulation from this behavior but you can still make profit of course.
  • #63
  • Jun 15, 2017 3:55am Jun 15, 2017 3:55am
Also there are many different ways you can project them. I used to project from extreme volume to extreme volume, getting some good results but not as consistent as the way I do now. You can also pick any accumulation zone and use that to project take profits or reversal points to trade from.

I show some good examples in this video if you like:

Inserted Video
  • #64
  • Jun 15, 2017 4:01am Jun 15, 2017 4:01am
Update on that GJ trade I took the other day, too early and out for BE but what a nice example. Manipulation high after a long accumulation, TDI yellow baseline oversold region too. Take note of the extreme red volume bars on the manipulation high.

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  • #65
  • Jun 15, 2017 4:34am Jun 15, 2017 4:34am
Quoting livindaylite
I was wondering whether mirroring the levels so that they're projected or reflected on either side of the 8-hr block works? Or do you re-plot the levels during the week if it looks like a Hi/Lo has been established and P is now reversing? {image} Ta
I see for myself now, that we can't mirror the levels on both sides using one fib ret tool.
I thought it logical that simply by putting a minus sign (-) in front of the same numbers would create a mirror effect, but that's not the case.
  • #66
  • Jun 15, 2017 4:38am Jun 15, 2017 4:38am
Quoting the4thOctave
{quote} Thanks livingdaylite, yes we plot one high and low. But I'm unsure how you have done it. Chart should look like this. So project one high and one low using the same 8h. {image} In this case GU has gone one wave down and one wave up, 4 pips off of wave 2b high. To me this week looks like accumulation from this behaviour but you can still make profit of course.
The picture showed in that example that one could either take the first 8-hr block or the swing hi/low which would be more than the first 8-hrs trading. So, my question related to that.
  • #67
  • Jun 15, 2017 4:40am Jun 15, 2017 4:40am
Quoting livindaylite
{quote} The picture showed in that example that one could either take the first 8-hr block or the swing hi/low which would be more than the first 8-hrs trading. So, my question related to that.
Oh I see! Let me try that, should be able to. Can't believe I didn't think of that, thanks!
  • #68
  • Jun 15, 2017 4:45am Jun 15, 2017 4:45am
You can do that but I see a problem already because the fib tool has a limited amount of entries. There will be enough for the free waves though. If you want to add some all you need to do is minus 1 from the negative entries. For instance, w2b would be -.9142 instead of -1.9142.
  • #69
  • Jun 15, 2017 4:49am Jun 15, 2017 4:49am
Quoting the4thOctave
You can do that but I see a problem already because the fib tool has a limited amount of entries. There will be enough for the free waves though. If you want to add some all you need to do is minus 1 from the negative entries. For instance, w2b would be -.9142 instead of -1.9142.
I SEE... that's where I went wrong.
THX
  • #70
  • Jun 15, 2017 5:26am Jun 15, 2017 5:26am
Swing low to high:
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1st 8hrs of trading:
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Different results but more a less similar.
Then you drill down to find reasons to enter market using MM concept & Volume
  • #71
  • Jun 15, 2017 5:36am Jun 15, 2017 5:36am
Yeah I started doing it swing high to low because it makes sense as the first wave. But since I've learned the MM concept, they always manipulate past. The MM literally use the first 8 hours of the week as their high and low to manipulate the masses throughout the week, according to Steve Mauro that is but I have yet to find an example that doesn't fit.

It would be great to find the monthly initial balance and quarterly and so forth as there would be levels with a much greater influence long term.

In this example I've marked the high and low of a 4h accumulation, green lines, and looking for volume coming in on a manipulation high or low. News in 25 minutes will probably be used for an excuse of the manipulation.

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  • #72
  • Jun 15, 2017 3:14pm Jun 15, 2017 3:14pm
No trading for me today. But some studies.

really cool input today lets get this idea big!

Volume, the levels and market maker manupilation is the way to go here. I dont know if the TDI is really that important.

I wont delete it and watch it for confluence. Pivots also and maybe ruond numbers. With time i will see what can be deleted.
Everyday better.
  • #73
  • Jun 15, 2017 4:50pm Jun 15, 2017 4:50pm
Quoting arlucad
No trading for me today. But some studies. really cool input today lets get this idea big! Volume, the levels and market maker manupilation is the way to go here. I dont know if the TDI is really that important. I wont delete it and watch it for confluence. Pivots also and maybe ruond numbers. With time i will see what can be deleted.
Yeah I literally only started looking at TDI a couple of weeks ago, still undecided.

The more people use it the bigger the idea will get because it is undeniably true
  • #74
  • Edited 9:28am Jun 16, 2017 8:55am | Edited 9:28am
Great trade today. As you can see yday's news was used as the excuse for the reversal and the levels held true. The reason for my trade today, even though I expect the trend to continue, the market hasn't really had a retracement at the end of wave 2 (2b). When I see this happen, and it goes straight through to the end of wave 3 (3b) I always expect some kind of correction for balancing.

As you can see there was quite a long accumulation at the end of wave 3. My take profit was the start of wave 4 as I expect it to go to 4b on Monday? I chickened out as I saw extreme volume coming in and took my 64 pips. I did end up going exactly to 4a and has since bounced off. But still I only missed out on 10 pips

Entered on the 1m, 1 minute before the US news, seeing a little extreme volume then no demand on the next couple of bars. Also there was high churn on the 15m (green volume bar) and then a manipulation high. High churn tends to indicate a mini accumulation, it is really just extreme tick volume within a tight price spread. You tend to see this then a manipulation bar straight after. Any questions??

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  • #75
  • Jun 19, 2017 5:44am Jun 19, 2017 5:44am
Continuing on from the previous post. As you can see, price leveled at 4a last week. Because price breached 3a today, I'm looking for a trade off %50 up to 2b at least. I did say that the market may go up to 4b of last week which almost coincides with GM4a of this week.

Can really only tell once/if price goes to the 2a whether the trend will continue, based on the volume.

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Finally have a proper site up http://the4thoctave.com
  • #76
  • Jun 20, 2017 2:55am Jun 20, 2017 2:55am
GJ did exactly as expected. Went to the beginning of wave 2 (2a), went to the end of wave 2 (2b). Looks like this might be the end of the uptrend now though.

Have a look at how the market constantly accumulates, then manipulates in the opposite direction the MM intend to take it, then swings to the end of the wave. If this doesn't convince you that the market isn't random then I don't know what will. Install the free version on your charts and see for yourself.

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  • #77
  • Jun 20, 2017 7:31am Jun 20, 2017 7:31am
What's your reference? I didn't find any Russell's book about wave trading, only cosmology. How did you make such a claim without book reference?
  • #78
  • Jun 20, 2017 8:42am Jun 20, 2017 8:42am
Quoting IPMan
What's your reference? I didn't find any Russell's book about wave trading, only cosmology. How did you make such a claim without book reference?
Thanks IPMan, Walter Russell's books are wrought with his wave mathematics and I adapted those ratios to the market. I've read his books more than 10 times each and I'm kind of confused by your question. I can't find the specific quote but he did indeed state that the wave can be applied to everything including trading. If you can find that specific quote I would much appreciate it.

I make a claim because Cosmology includes All That Is. Trading is part of that. There are many who have linked the Law of Vibration to trading. We are talking about the same thing, I've just adapted to the Market Maker business model.
  • #79
  • Jun 20, 2017 9:06am Jun 20, 2017 9:06am
Ipman have you red the whole thread?(its not that long).
Everyday better.
  • #80
  • Edited 9:43am Jun 20, 2017 9:12am | Edited 9:43am
4thoctave have you entered at 2b? i hope so and that you be still in

no real trading for me today.

But Eur/Usd would be a nice trade around the GM2b level. At the Us open. But little Volume.
Everyday better.
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