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3 Bar Fractal Break

  • #601
  • Mar 30, 2020 9:26pm Mar 30, 2020 9:26pm
Quoting peterhenders
Just posting a setup that I'm trying to explain to daz, we will work on this if anything come out {image}
Pet I mentioned that last week in this thread.. if candle 3 cross closes candle one, then it's good enough confirmation and no need for candle 4, if anything it will get you in the trade late.
Anyways..

Trade well everyone.
Nobody ever made a dime by panicking. Jim C
  • #602
  • Mar 30, 2020 9:29pm Mar 30, 2020 9:29pm
Quoting FxQB15
{quote} Pet I mentioned that last week in this thread.. if candle 3 cross closes candle one, then it's good enough confirmation and no need for candle 4, if anything it will get you in the trade late. Anyways.. Trade well everyone.
my last post was referring to Daily chart 3-Candle method, not this method and I am just trying to pin point something that may relate to the both methods.
  • #603
  • Mar 30, 2020 9:39pm Mar 30, 2020 9:39pm
Quoting peterhenders
{quote} my last post was referring to Daily chart 3-Candle method, not this method and I am just trying to pin point something that may relate to the both methods.
ok.. anytime you get a reverse candle who covers the previous two then you're golden to take a shot at, hourly TF and above as long as is not in a range dead PA regardless of whatever method.
Nobody ever made a dime by panicking. Jim C
  • #604
  • Mar 30, 2020 9:43pm Mar 30, 2020 9:43pm
Quoting FxQB15
{quote} ok.. anytime you get a reverse candle who covers the previous two then you're golden to take a shot at, hourly TF and above as long as is not in a range dead PA regardless of whatever method.
Not what I was referring to but lets see what happens to cad/jpy hr chart
  • #605
  • Mar 30, 2020 9:47pm Mar 30, 2020 9:47pm
Quoting FxQB15
{quote} ok.. anytime you get a reverse candle who covers the previous two then you're golden to take a shot at, hourly TF and above as long as is not in a range dead PA regardless of whatever method.
Ive been noticing the same exact thing. Candle 3 must close above/below BOTH candle 1 and 2. Not just the open/close of candle 1 and 2, but the entire candles including wicks. But don't forget, location is very important. You can't just blindly take all 3 bar reversals. Here's an example:

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  • #606
  • Mar 31, 2020 12:34am Mar 31, 2020 12:34am
EURUSD Daily
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  • #607
  • Mar 31, 2020 1:04am Mar 31, 2020 1:04am
Quoting Topgun
EURUSD Daily {image}
Can I ask, what is the EMA you are using?
  • #608
  • Mar 31, 2020 1:39am Mar 31, 2020 1:39am
It looks like the 10 EMA.
  • #609
  • Mar 31, 2020 1:49am Mar 31, 2020 1:49am
Quoting dazjw2311
{quote} looks like you have the daily and H4 chart all on one screen. Seen something like this before.
First go to Tools, Options, Experts Advisors and check "Allow DLL"
Then FILE.....Open Data Folder.....MQl4...... and put UNDOCK CHART into SCRIPT folder, and put MT4iConnect.dll into Library folder
Then on mt4 Navigator, go down to scripts, and right hand mouse click in a empty area and click REFRESH
You should now have a Script IBFX-Undock, drag this onto any chart and the chart will undock/free float and should do what you were looking for
Attached File(s)
File Type: mp4 undock.mp4   4.1 MB | 382 downloads
Attached File(s)
File Type: zip IBFX Tools.zip   115 KB | 328 downloads
  • #610
  • Mar 31, 2020 1:50am Mar 31, 2020 1:50am
Quoting Sickmonster
{quote} Can I ask, what is the EMA you are using?
Its an 8 EMA just happened to be on the chart
  • #611
  • Mar 31, 2020 2:04am Mar 31, 2020 2:04am
Quoting babakk
{image} I opened a candle late in the deal.
Should not your bar 4 have a Higher High than bar 3 ?
  • #612
  • Edited 11:24pm Mar 31, 2020 2:06am | Edited 11:24pm
Took entry on same time frame as trigger here.

Bit wary of this one, let's see how she goes. TP hit.
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  • #613
  • Mar 31, 2020 2:50am Mar 31, 2020 2:50am
Also on the AU (H1); apologies for the Renko trigger shot, I'm trading across two MT4 platforms:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #614
  • Mar 31, 2020 3:06am Mar 31, 2020 3:06am
AUDUSD
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  • #615
  • Mar 31, 2020 3:18am Mar 31, 2020 3:18am
Quoting dazjw2311
{quote} amazing peter. ill look at this
Great observation. I mentioned earlier in the thread something I'm using as a filter which seems to have potential... Only trading in direction of most recent Daily fractal. I'm using that as a bias, and trading 1hr with 15min entry.
  • #616
  • Mar 31, 2020 3:55am Mar 31, 2020 3:55am
Great price action system. I will certainly give it a try.
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  • #617
  • Mar 31, 2020 4:08am Mar 31, 2020 4:08am
Working on this indi. I am not quite there yet but it is looking hopeful. Visually (on the chart) it looks easy. Programatically it is a bit more complex

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StuUK
  • #618
  • Mar 31, 2020 4:41am Mar 31, 2020 4:41am
Hello everyone!
Very nice and promising method, thanks for that!
I've been backtesting for a few days now, since Monday on the demo-account.
Any comments on this setup?
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  • #619
  • Mar 31, 2020 6:00am Mar 31, 2020 6:00am
Quoting jakdan
Daz is this chart marked up correctly??? {image}
Candle 2 must always be the swing High or Low
  • #620
  • Mar 31, 2020 6:04am Mar 31, 2020 6:04am
Quoting Rob_Trader
Hello everyone! Very nice and promising method, thanks for that! I've been backtesting for a few days now, since Monday on the demo-account. Any comments on this setup? {image} {image}
don't like the look of them long candle wicks, they scare me more than a mirror lol
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