- Joined Jul 2013 | Status: Member | 859 Posts
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DislikedHi Ochuko, nice trading plan, just reading through, haven't got to the TP part yet. With regards you daily bias, what is actually going on is a confirmed weekly SR... let me post a chart to explain. here's your 2 charts from earlier of EU and USD/CHF showing daily bias change: {image}{image} and here's the same 2 charts on weekly TF {image}{image}Ignored
DislikedAs a follow up on this beautiful and simple strategy, here is my proposed plan /analysis for the week. Will post more of these as i get through with them. thanks everyone, your criticisms are highly welcomed. {image} {image}Ignored
Dislikednice work ochoku will follow the thread very simple to see but bit difficult to apply. are you using any indicator for trend lines or you are doing it manually. thanksIgnored
Disliked{quote} what is the entry here ??? The close of the harami ( inside bar ) ??? and what is the stop ?? Is it above the high of the harami ?? How many pips above the high ??Ignored
DislikedMaybe I missed it in the thread, but do you move to 1 hour time frame as soon as price goes beyond fractal price on daily, or must daily be closed first?Ignored
DislikedHi Ochuko Your system looks very good and easy to implement. You do need patience though for the trade to come to you. I noticed it is very good for long term trades. There is a very nice trade setting up on GBPCHF support fractal line which could give you over 100 pips. One to watch for Sunday. {image}Ignored
DislikedOchuko I have seen alot of these fractal threads come and go. What typically everyone points out is the repainting nature of the fractals. My questions are does this fractal indicator repaint and how many bars on either side of the swing high or swing low does it required before it doesn't repaint. Fractal strategies look great in hindsight but the reality of trading them in real time is another story.Ignored
Disliked{quote} Hi Ozziedave, A fractal swing low needs at least two higher bars to the left and at least two higher bars to the right before it is a confirmed fractal. A fractal swing high needs at least two lower bars to the left and at least two lower bars to the right before it is a confirmed fractal. With Ochuko's method, most of the time, the fractals will have been well confirmed it's just a matter of being sure you have at least two bars either side of the fratcal {image}Ignored