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Follow The Fractal Tool Toward Better Breakout Entries
“You can either buy low & sell high or trade with the trend, but you cannot do both.” -Bill Williams Many traders spend too much time looking for the best possible entry. However, the entry can be based on any number of technical indicators. For traders who are a fan of price-action, you could do no worse than finding triggers based on a fractal breakout in the direction of the trend. Fractals Defined Let’s start with an introduction to fractals. The actually are applied to trading from nature and not the other way around. It may be helpful to know that fractals are effectively a way of looking a sub-sets of ... (full story)
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