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3 Bar Fractal Break

  • #81
  • Mar 11, 2020 12:33pm Mar 11, 2020 12:33pm
Quoting SkyLaser
{image}{image}

TP hit.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM5close.png Size: 74 KB
  • #82
  • Mar 11, 2020 12:37pm Mar 11, 2020 12:37pm
Quoting SkyLaser
{quote} TP hit. {image}
better than me already Skylaser lol
  • #83
  • Mar 11, 2020 12:43pm Mar 11, 2020 12:43pm
Quoting SkyLaser
{quote} TP hit. {image}
Do you mind if have a copy of your sessions indicator in bottom right please mate?
  • #84
  • Mar 11, 2020 12:52pm Mar 11, 2020 12:52pm
Quoting dazjw2311
{quote} Do you mind if have a copy of your sessions indicator in bottom right please mate?
here it is
https://www.mql5.com/en/market/product/21611
  • #85
  • Mar 11, 2020 1:34pm Mar 11, 2020 1:34pm
If I am right there is a current set up 13/03/2020 on gold daily (xau/usd) with the 4th candle about to close
  • #86
  • Edited 2:00pm Mar 11, 2020 1:38pm | Edited 2:00pm
Quoting peterhenders
If I am right there is a current set up 13/03/2020 on gold daily (xau/usd) with the 4th candle about to close

Good spot, this set up is strong too and its took out last months high. Best set up out the lot and the candles are nice, not erratic, this will go down for sure
Attached Image (click to enlarge)
Click to Enlarge Name: mVI5B0z.png Size: 31 KB
  • #87
  • Mar 11, 2020 1:43pm Mar 11, 2020 1:43pm
Thanks mate, the method is very impressive- love it- seems like a good one on gbp/nzd daily too.
Will these setups work off the 4hour chart?
  • #88
  • Mar 11, 2020 2:05pm Mar 11, 2020 2:05pm
Quoting peterhenders
Thanks mate, the method is very impressive- love it- seems like a good one on gbp/nzd daily too. Will these setups work off the 4hour chart?
find the set up on daily and enter on H4
Find the set ups on h4 and enter on h1
  • #89
  • Mar 11, 2020 2:08pm Mar 11, 2020 2:08pm
Quoting dazjw2311
{quote} find the set up on daily and enter on H4 Find the set ups on h4 and enter on h1
thanks mate.
  • #90
  • Mar 11, 2020 3:06pm Mar 11, 2020 3:06pm
Quoting Loftboy
{quote} What part of this simple system do you not understand?
I just wanted to clarify the entry on lower timeframe. Now it’s all clear!

P.S. thanx dazjw2311 for this method & good luck. Green pips!
  • #91
  • Mar 11, 2020 3:09pm Mar 11, 2020 3:09pm
Quoting ntvm
{quote} I just wanted to clarify the entry on lower timeframe. Now it’s all clear! P.S. thanx dazjw2311 for this method & good luck. Green pips!
please someone make the indicator cant wait!
  • #92
  • Mar 11, 2020 3:14pm Mar 11, 2020 3:14pm
Quoting Ashwani
{quote} here it is https://www.mql5.com/en/market/product/21611
Thanks Ashwani! Bless you!
  • #93
  • Mar 11, 2020 6:19pm Mar 11, 2020 6:19pm
Quoting dazjw2311
{quote} better than me already Skylaser lol
Hi daz,

Attached is another indi that is free and will give similar info.
Cheers
maahome

Attached File(s)
File Type: ex4 !___MTH MT4 B610 Market Time Indi.ex4   144 KB | 863 downloads
  • #94
  • Mar 11, 2020 9:01pm Mar 11, 2020 9:01pm
Hi daz just came across your thread thanks for sharing this simple set up. it looks great im subscribe thanks mate
  • #95
  • Mar 11, 2020 9:16pm Mar 11, 2020 9:16pm
Quoting dazjw2311
{quote} Yes , 5m set ups, enter on m1 chart
Awesome,Thank you
  • #96
  • Edited 11:01pm Mar 11, 2020 10:31pm | Edited 11:01pm
I'll code this if you can answer my questions. I read the thread and did not see a mention of:
Where do you set the TP? Do you hold each trade for an inverted 4 bar pattern?
Where do you set the SL?
How do you define a candle that is 'too tall' to be a valid setup?

Also, please state if this is correct:
A valid setup must be 2 bars up then 2 down (for bars 1,2,3,4) or else 2 bars down then 2 up?
Do we define what is 'up' and 'down' by candle bodies only or also by setting new higher highs/lower lows?
Answered in post 24 I think. https://www.forexfactory.com/showthr...9#post12802529
We are only examining higher highs and lower lows, so a valid (short) setup is:

  1. a bull bar followed by
  2. a bar with a higher high followed by
  3. a bar with a lower high followed by
  4. a bar that breaks the low of the previous candle

and a valid long setup is:

  1. a bear bar followed by
  2. a bar with a lower low followed by
  3. a bar with a higher low followed by
  4. a bar that breaks the high of the previous candle?

Candle 4 must break the low/high of candle 3 and then close beneath/above that low/high?
Entry is set at the low/high of candle 4 - short trades at the low, long trades at the high?

  • #97
  • Mar 11, 2020 11:59pm Mar 11, 2020 11:59pm
Quoting clemmo17
a valid (short) setup is: a bull bar followed by a bar with a higher high followed by a bar with a lower high followed by a bar that breaks the low of the previous candle and a valid long setup is: a bear bar followed by a bar with a lower low followed by a bar with a higher low followed by a bar that breaks the high of the previous candle? Candle 4 must break the low/high of candle 3 and then close beneath/above that low/high? Entry is set at the low/high of candle 4 - short trades at the low, long trades at the high?
I may be wrong but my understanding is that your candle 1 requirement of it being a bull candle for a Long or a bear candle for a short is not correct. Candle 2 just must have that higher high or lower low to make candle 1 qualify. That is my (limited) understanding anyway.
  • #98
  • Mar 12, 2020 12:19am Mar 12, 2020 12:19am
Quoting clemmo17
I'll code this if you can answer my questions.
SL TP
https://www.forexfactory.com/showthr...8#post12801228
Tall candle probably 3 times surrounding candles.
Use the fractal indicator and the apex is Bar 2.
Candle 4 only need to break high/low of candle 3. Need not close beyond candle 3 high/low.
Entry at candle 4 high/low.
ITB - Seeing Orderliness amongst 'Randomness'
  • #99
  • Mar 12, 2020 2:10am Mar 12, 2020 2:10am
guys please read the rules, i just require a 3 bar fractal. 2 lower highs , 2 higher lows , i never mentioned about any of the candles being a bull candle etc!!! do people actually read the thread?

ANYWAY, I MADE 2 LOSSES YESTERDAY ON AUDCAD BECAUSE I NEVER KEPT TRADE 1 IN ( BEARISH SIGNAL) MY STOP WOULD NOT OF BEEN HIT ( NO WHERE NEAR ) NOW ITS MOTORING TO INTITIAL TP.
THIS METHOD WORKS IF YOU KEEP TO RULES AND I NEVER DONE THAT YESTERDAY. MY MONEY MANAGEMENT MEANS I AM STILL IN PROFIT FOR THE WEEK ON 2 WINS AND 2 LOSSES. I MADE AN HORRIFFIC MISTAKE YESTERDAY CLOSING MY AUDCAD TRADE SHORT TO GO LONG. IF I KEPT TO RULES ID BE 300 PIPS IN PROFIT FOR THE WEEK. ILL LEARN
  • #100
  • Mar 12, 2020 2:15am Mar 12, 2020 2:15am
Ive got a short on n/u from the 0.6343x high on the 4hour chart- see how it goes and still got the gold trade in view just waiting for the break line
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