Here's a chart showing what I mean. I hope this clears up any confusion.
trublu
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DislikedSorry I'm confused about what exactly your asking. Are you asking why I don't have the horizontal lines on my chart? Try to rephrase and maybe I can help you out or maybe someone else knows what you are tying to ask.
trubluIgnored
DislikedThanks for that other fractal channel indicator Limstylz it looks pretty cool. Figuring out a profit target is always a tough thing to do, do you remember what you were using as a stop loss with this indicator?Ignored
DislikedHere's another picture of Cable slightly later than the last post. This time with fibs, so you can see what I mean about potential targets.
Entry is the fractal channel low, stop in this instance is where the fractal channels converge in the middle (around the 38.2% fib level at about 1.46). I recommend taking some profits at 138.2%, set the rest to BE and let it ride with trailing stop (or even better, with the trade manager by SMJones).Ignored
DislikedFractalChannel(2).mq4 (2.0 KB, post1 ___ not bad - goes with fractals (and all their beauty when it canceled (repainting issues - in some cases doesn't matter, in some does)
try this - FractalChannel_v5.mq4 (6.4 KB) - more realistic 4 history and real timeIgnored
DislikedI use fractals in a system that works quite well. For your TP try using measured moves. You'll be surprised at how often it works.
Also, using the channel width for SL isn't necessary. Try drilling down.Ignored