UPDATE: Now giving a taste of the waves away, please download the first 2.5 waves for you to enter manually into your Fib Extensions tool. You could easily earn a healthy income trading the first wave at the beginning of each week. Please go here to download the wave: Download the wave...
The title wasn't meant to discount Fibonacci and Elliot Wave Theory, I just feel Russell Waves are an evolution beyond them, closer to a natural vibrational wave. The key to using them is to know where to place them and that's what has taken years to figure out.
Having studied Martin Cole and Steve Mauro, it made sense to project them from the Accumulation Phase. I specifically target the Accumulation Phase for the Week which is the Initial Balance for the Week, the high and low of the first eight hours of the Week or the first two 4h bars of the Week.
Market Makers will use this initial spread as the Psychological high/ low for the week. If you can imagine an Accumulation Phase as the compression side of the wave, out of this is projected Psychological Support and Resistance. These Russell Waves, called after the genius Walter Russell, reveal the expansion side of the wave. To get more of an idea I suggest researching Walter Russell's Cube Sphere Universe. Below is a pic of how the waves interact with each other on the chart. (My original design for the waves.)
Each wave starts at the balance point or %50 of the previous wave. There are 3 frequencies of sqrt 2, 3 and Golden Mean.
Best to show you more in a video. Jump to 7:35 if you want to skip the theory.
I'll be, and have been putting daily analysis, showing how undeniable these waves are. So please subscribe if you are interested.
These are just the beginning days of sharing this project with others and eager to see how they evolve through your style of trading.
NEW VIDEO: Trading Rules.
NEW VIDEO: How to integrate and draw proper Supply and Demand lines and why they exist. Also I go through two other ways you can draw Russell Waves; from swing Supply to swing Demand and also on the Daily Accumulation phase. These waves are magically fractal.
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Have spent some time re-reading Martin Cole's book as he recently updated it quite a bit. Feel I have a deeper understanding now and we must convert our thinking to see the market as a sea of beliefs. It is so easy for us to fall back into old habits and perspectives. I'm going to commit to doing regular daily, weekly and monthly reviews with two questions in mind.
What do the outside traders (retail traders) believe about the future of price?
Where are they most likely to place their stops? (WHY, WHEN and WHERE)
And a couple of statements to keep in mind: ACCUMULATION IS MANIPULATION. (It IS NOT a traffic jam, congestion or uncertainty.)
VOLUME is the STRENGTH of BELIEF.
The title wasn't meant to discount Fibonacci and Elliot Wave Theory, I just feel Russell Waves are an evolution beyond them, closer to a natural vibrational wave. The key to using them is to know where to place them and that's what has taken years to figure out.
Having studied Martin Cole and Steve Mauro, it made sense to project them from the Accumulation Phase. I specifically target the Accumulation Phase for the Week which is the Initial Balance for the Week, the high and low of the first eight hours of the Week or the first two 4h bars of the Week.
Market Makers will use this initial spread as the Psychological high/ low for the week. If you can imagine an Accumulation Phase as the compression side of the wave, out of this is projected Psychological Support and Resistance. These Russell Waves, called after the genius Walter Russell, reveal the expansion side of the wave. To get more of an idea I suggest researching Walter Russell's Cube Sphere Universe. Below is a pic of how the waves interact with each other on the chart. (My original design for the waves.)
Each wave starts at the balance point or %50 of the previous wave. There are 3 frequencies of sqrt 2, 3 and Golden Mean.
Best to show you more in a video. Jump to 7:35 if you want to skip the theory.
Inserted Video
I'll be, and have been putting daily analysis, showing how undeniable these waves are. So please subscribe if you are interested.
Inserted Video
These are just the beginning days of sharing this project with others and eager to see how they evolve through your style of trading.
NEW VIDEO: Trading Rules.
Inserted Video
NEW VIDEO: How to integrate and draw proper Supply and Demand lines and why they exist. Also I go through two other ways you can draw Russell Waves; from swing Supply to swing Demand and also on the Daily Accumulation phase. These waves are magically fractal.
Inserted Video
--------------
Have spent some time re-reading Martin Cole's book as he recently updated it quite a bit. Feel I have a deeper understanding now and we must convert our thinking to see the market as a sea of beliefs. It is so easy for us to fall back into old habits and perspectives. I'm going to commit to doing regular daily, weekly and monthly reviews with two questions in mind.
What do the outside traders (retail traders) believe about the future of price?
Where are they most likely to place their stops? (WHY, WHEN and WHERE)
And a couple of statements to keep in mind: ACCUMULATION IS MANIPULATION. (It IS NOT a traffic jam, congestion or uncertainty.)
VOLUME is the STRENGTH of BELIEF.