3 Bar Fractal Break | Page 16 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Non-deleting Fractal to Fractal Trendlines mq4 3 replies

3 Bar Fractal with mid-bar and bar on each side 11 replies

Fractal alerts based on when fractal is confirmed 0 replies

Fractal based trendline indicator, horizontal fractal S/R indicator 6 replies

Pin bar, pin bar, pin bar 0 replies

Attachments: 3 Bar Fractal Break
Exit Attachments

3 Bar Fractal Break

  • #301
  • Mar 17, 2020 10:55pm Mar 17, 2020 10:55pm
Quoting peterhenders
{quote} switch down to 1 hour on e/a similar set up
cheers, Peter, am already in from m30, just giving a heads up.
Timing Direction Strength
  • #302
  • Mar 18, 2020 3:37am Mar 18, 2020 3:37am
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1-march18.png Size: 66 KB
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15 -march18.png Size: 51 KB
  • #303
  • Mar 18, 2020 3:57am Mar 18, 2020 3:57am
Quoting SkyLaser
{image}{image}
why is candle 4 eleven candles away from candle 3?
  • #304
  • Mar 18, 2020 4:16am Mar 18, 2020 4:16am
I'm struggling a bit with optimising TP and SL. If I use the extreme of the trigger bar that closes beyond the entry, often will get taken out before a much bigger move. If I use the most recent fractal, the SL is sometimes too large in terms of R:R. Using daily ATR may be a good target. Any tips appreciated!
  • #305
  • Mar 18, 2020 4:55am Mar 18, 2020 4:55am
Quoting SwingMan
{quote} Do you mean such lines? Here is a new version "sm3BarFractalBreak v2.0" with extended lines and with the option to draw the fractals arrows. {image} {file}
Hi SwingMan, I love your indicator. Indeed, almost perfect. I realized there are no alerts though to let you know if the 5th down/up candle has broken the 4th down/up candle depending on the case. Could you add that as well please? Thanks a million in advance!!
  • #306
  • Edited 6:40am Mar 18, 2020 4:56am | Edited 6:40am
GBPCAD long set up - wait for h1 candle to close above candle 4

***************THIS SET UP IS NOW VOID************************
Attached Image (click to enlarge)
Click to Enlarge Name: TcpVeA4.png Size: 30 KB
  • #307
  • Mar 18, 2020 5:08am Mar 18, 2020 5:08am
Quoting SkyLaser
{image}{image}
Candle 4 was the green up candle straight after 3. Because it broke below. Then you go down to the lower time frame entry. Then you wait for close below on that entry timeframe. Which could be several candles in the future.
  • #308
  • Mar 18, 2020 5:18am Mar 18, 2020 5:18am
Green bull candle may have broke candle 3 but it didn't close which is a prerequisite before moving onto the next stage of the trade. From my perspective the candle I marked as '4' was the first one to close beneath candle 3 of that particular fractal I was watching. Is candle 4 too far from candle 3? Maybe, maybe not, it's not something I have tested.
  • #309
  • Edited 6:03am Mar 18, 2020 5:38am | Edited 6:03am
Quoting SkyLaser
Green bull candle may have broke candle 3 but it didn't close which is a prerequisite before moving onto the next stage of the trade. From my perspective the candle I marked as '4' was the first one to close beneath candle 3 of that particular fractal I was watching. Is candle 4 too far from candle 3? Maybe, maybe not, it's not something I have tested.
Dazjw2311's post 61 refers to entry conditions in post 51. Only needed to break not close. Buy yeah needs to close once going down to the entry timeframe.

Also correct me if Im wrong but he said 4 must happen straight after 3 , to be valid to go down to your lower entry timeframe for trigger?
  • #310
  • Mar 18, 2020 6:21am Mar 18, 2020 6:21am
Quoting Trident
{quote} Dazjw2311's post 61 refers to entry conditions in post 51. Only needed to break not close. Buy yeah needs to close once going down to the entry timeframe. Also correct me if Im wrong but he said 4 must happen straight after 3 , to be valid to go down to your lower entry timeframe for trigger?
I'm going by the rules posted in post number 1, I interpret that to mean a break and close of bar 3. Fine if that's not what was meant by Daz but it works for me and also makes more sense to me.

For the second part read post #69 again.
  • #311
  • Mar 18, 2020 6:23am Mar 18, 2020 6:23am
theres no right or wrong guys, its just my rules, if you find a slight tweak works for you, use it
  • #312
  • Mar 18, 2020 6:30am Mar 18, 2020 6:30am
Cheers. Yep make it your own. What ever works for yourself.
  • #313
  • Mar 18, 2020 7:03am Mar 18, 2020 7:03am
Quoting andys0506
I'm struggling a bit with optimising TP and SL. If I use the extreme of the trigger bar that closes beyond the entry, often will get taken out before a much bigger move. If I use the most recent fractal, the SL is sometimes too large in terms of R:R. Using daily ATR may be a good target. Any tips appreciated!
Try using the trigger candle's range as the SL from the high/low of that candle. EG candle is 10 pips try adding 10 pips to the high/low of the trigger candle as the stop. TP at R/R 1:1 or 1:2.
Cheers
maahome
  • #314
  • Mar 18, 2020 7:32am Mar 18, 2020 7:32am
Quoting dazjw2311
theres no right or wrong guys, its just my rules, if you find a slight tweak works for you, use it
Hi all,
Nice technique, a slight variation I have been trying is using Renko charts for entry - I've been using Renko for so long I find it difficult not to use it! just taken this on the EU for +35 pips (live). Renko brick size is 3 pips (30 pts). I think the M15 entry fits the rules., whatever it delivered the goods! Cheers, dave
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD(£)M3 18_03.png Size: 26 KB
Click to Enlarge Name: EURUSD(£)M15 18_03.png Size: 26 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #315
  • Mar 18, 2020 7:49am Mar 18, 2020 7:49am
dazjw2311 & everyone,
Although I'm a no indicator type of trader when it comes to the traditional/standard MT4 indicators I have applied a Bollinger Band indicator set @ 24, Div 2, Median Price H/L on the 15M time frame & look for the following. #1. Look for the setups when the bands become constricted. #2. Look for the setups when PRICE goes/or start to go OUTSIDE of the bands either HIGH or LOW. This is just what I have observed across many pairs on the 15M. I enter off of the 5M time frame.

This is a very simplistic method if you pay attention to the setups as dazjw2311 has shared. Nothing more needed to enhance this method other than maybe a custom indicator that will plot the 1,2,3,4 bars as they form. The setups are there if you clean your charts & take a look.

I have my own method of trading, but this has gotten my attention because of its simplistic nature.

If I was a new trader I would certainly pay attention to what dazjw2311 has shared as it just might save you a lot of trouble & $.

These are just my views & nothing more. Best Trade To All!

Dazjw2111 I tip the Traders Hat to you my friend. Best Trades To You!

___________________________________________________________________________
  • #316
  • Mar 18, 2020 7:56am Mar 18, 2020 7:56am
Hello Traders,The fractal method is good I love it! So on the calendar today the USD News says Tentative at 5:30pm,What does it mean?
  • #317
  • Mar 18, 2020 8:00am Mar 18, 2020 8:00am
Quoting acetrader
dazjw2311 & everyone, Although I'm a no indicator type of trader when it comes to the traditional/standard MT4 indicators I have applied a Bollinger Band indicator set @ 24, Div 2, Median Price H/L on the 15M time frame & look for the following. #1. Look for the setups when the bands become constricted. #2. Look for the setups when PRICE goes/or start to go OUTSIDE of the bands either HIGH or LOW. This is just what I have observed across many pairs on the 15M. I enter off of the 5M time frame. This is a very simplistic method if you pay attention...
Can you show me a picture set ups using it please
  • #318
  • Mar 18, 2020 8:11am Mar 18, 2020 8:11am
Asking about alerts:
if you use MT4
if you have an iphone or an android, put the metatrader 4 app on your phone.
You can put an alert to your phone by right clicking at the spot of your choice on your chart and open and modify the "action" box so that you select "notification" instead of "sound".
Your chart will make an alert sound to your phone.
Scarlett
  • #319
  • Mar 18, 2020 8:32am Mar 18, 2020 8:32am
Quoting dazjw2311
{quote} Can you show me a picture set ups using it please
Got to step out for a bit, but when I return will make an attempt to load a chart. For some reason have been having troubles getting a chart to load on the forum, but will certainly try. Thank you for your interest.
  • #320
  • Mar 18, 2020 8:41am Mar 18, 2020 8:41am
Nice set ups occurring on usdjpy and usdchf h4 chart ( buy set ups )
0 traders viewing now