there was any trade today in EU GU ?
Two charts, Two scales, One window 2 replies
The Power Of Now 4 Forex 14 replies
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Disliked{quote} if price should keep making high and high i will move up and up the line ?Ignored
Disliked{quote} I would mark previous candle wick as external range high. If we break that high - yes I would adjust the range accordingly. If we though make a new fractal I would reevaluate and adjust the range. Hope that makes sense :-)Ignored
DislikedQuestion! This is where I struggle. Determining the 4H bias. As explained in the YouTube material we mark up current price - high or low then mark nearest fractal. The picture is from their free newsletter clearly showing external range. Although several fractals has been created later on. Are we only adjusting our range and bias when price interact with our external range? And how do we manage to determine our bias with a blank chart then. If we mark up current price and nearest fractal the range would be much smaller than shown in the picture....Ignored
Disliked{quote} For example if you came to chart like this, your bias would be bullish, and you would ignore last two fractal, as the fractal high is just a extension, as price hasn't interacted with it yet... and the new lower fractal hasn't been wicked or crossed, so this isn't used yet either. This is still bullish, but a lot of traders would just start from the recent fractal and wait for a setup. {image} For people struggling to see this, try using this indicator, and change fractal break type to "Wick and Body" {image} {image} Now a line will appear...Ignored
Disliked{quote} Granted we can only use the previous fractals as an external range if they are still valid though, is that correct? Valid here meaning if we were to pull the RR tool, neither the TP nor the SL has been hit? Also valid meaning, both the low fractal and the high fractal must not have been interacted with?Ignored
Dislikedin attached picture can someone tell which fractals /high low i have to mark ? to enter in trade sorry for bad english {image}Ignored
Disliked{quote} Thank man for sharing such a beautiful system and I am really excited to test on my live account. I will also sharing my results here.Ignored
Disliked{quote} For example if you came to chart like this, your bias would be bullish, and you would ignore last two fractal, as the fractal high is just a extension, as price hasn't interacted with it yet... and the new lower fractal hasn't been wicked or crossed, so this isn't used yet either. This is still bullish, but a lot of traders would just start from the recent fractal and wait for a setup. {image} For people struggling to see this, try using this indicator, and change fractal break type to "Wick and Body" {image} {image} Now a line will appear...Ignored
Disliked{quote} I wonder if some of this comes from different brokers showing fractals differently as we have seen. What some see as a NFT may show up as an FT retracement to others.Ignored