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3 Bar Fractal Break

  • #861
  • Apr 8, 2020 4:59am Apr 8, 2020 4:59am
Quoting peterhenders
{quote} it doesn't look like there was a close below candle 4 from a lower time frame- looking at it here
No there was a few closes below candle 4 on 3M or 5M charts

Quoting [URL="https://www.forexfactory.com/dazjw2311"
dazjw2311[/url]]{quote} can you show me your stop loss
for both trades usdjpy and eurjpy I put my SL right above candle 2. but price turned out to spike up above candle 2 in both cases. you can check on your own charts, just happened like an hour ago..

but I guess I've detected the market direction wrong...
  • #862
  • Apr 8, 2020 5:02am Apr 8, 2020 5:02am
3Bar-Pattern on H4, Entry on H1... any comments?
Attached Image(s) (click to enlarge)
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  • #863
  • Apr 8, 2020 5:17am Apr 8, 2020 5:17am
Hi Daz & traders,
Recently came across this thread, seems interesting.

Here's my take on AUDJPY, setup that is about to take place:

Attached Image (click to enlarge)
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Will see how it pans out.
  • #864
  • Apr 8, 2020 5:23am Apr 8, 2020 5:23am
Quoting Rob_Trader
3Bar-Pattern on H4, Entry on H1... any comments? {image} {image}
Seems you got it!
  • #865
  • Apr 8, 2020 5:25am Apr 8, 2020 5:25am
Quoting Barraka
Hi Daz & traders, Recently came across this thread, seems interesting. Here's my take on AUDJPY, setup that is about to take place: {image} Will see how it pans out.
the set up is valid stil but keep a eye out for the other 3 bar fractal forming after. that 4th bar you have id still relevant tho
  • #866
  • Apr 8, 2020 6:16am Apr 8, 2020 6:16am
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CURRENT TRADES USING 15M 5M ENTRY EARLY IN LONDON
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  • #867
  • Apr 8, 2020 6:46am Apr 8, 2020 6:46am
I have my trade few hours ago from Tokyo session

pretty much same as the master
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  • #868
  • Apr 8, 2020 6:52am Apr 8, 2020 6:52am
Quoting Yoshibomb
I have my trade few hours ago from Tokyo session pretty much same as the master {image}
you got a better entry tho lol
  • #869
  • Apr 8, 2020 8:44am Apr 8, 2020 8:44am
Hi, entered this buy trade on UCAD (demo). Entered at 1.4020 which was the close of the bar after the 4th on the H1 chart (11pm for me) after initially seeing this set up on the H4. Please could someone let me know if this is correct? Cheers!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDCAD 60.png Size: 54 KB
  • #870
  • Apr 8, 2020 9:25am Apr 8, 2020 9:25am
Quoting james.trades
Hi, entered this buy trade on UCAD (demo). Entered at 1.4020 which was the close of the bar after the 4th on the H1 chart (11pm for me) after initially seeing this set up on the H4. Please could someone let me know if this is correct? Cheers! {image} {image}
sorry i dont understand your markings, can you mak them as i did on page 1
  • #871
  • Apr 8, 2020 9:35am Apr 8, 2020 9:35am
Quoting dazjw2311
{quote} you got a better entry tho lol
Hi Daz ,
Studied your videos and have taken some of the trades today. The longer term analysis is very interesting.
Thanks for everything.
  • #872
  • Apr 8, 2020 9:35am Apr 8, 2020 9:35am
Quoting dazjw2311
{quote} sorry i dont understand your markings, can you mak them as i did on page 1

Thanks for your response. Have replaced in accordance with post 1
Attached Image(s) (click to enlarge)
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  • #873
  • Apr 8, 2020 9:40am Apr 8, 2020 9:40am
thats correct however its below 50% of monday and tuesday and im in a sell not a buy, could pay off if the hourly closes obove bar 4
  • #874
  • Apr 8, 2020 9:42am Apr 8, 2020 9:42am
Hi dazjw2311,

Thank you very much for sharing your great trading method and also spending your time to make videos.
I have a question. I was looking for 3 fractal bar set up on AUDUSD 1 hour chart this morning (UK time).
I saw the first 3 fractal (in black) and waiting for a bar to break high of bar 3. After, another 3 fractal (in pink) formed and another one (in orange).
So in the end, 3 group of 3 fractal formed in the end. If this happens, shall I stick to the first one? or I should always newly formed 3 fractal?
I have attached an image for your reference.

I would appreciate if you could give me your advice how you choose 3 fractal.

Thank you.

Attached Image (click to enlarge)
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  • #875
  • Apr 8, 2020 10:22am Apr 8, 2020 10:22am
Update on trades

audusd currently up 85 pips however the other 3 are chopping at my entry. I trust this process. Still scary but im not closing them. My analysis still says i am right in direction. We see, if all tp i will be 400 plus pips. Im a t break even on audusd. I could lose 100 pips on the other stop losses. One they go to at least 50 pips i will break even those trades too.
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  • #876
  • Apr 8, 2020 11:19am Apr 8, 2020 11:19am
Watching to see how the Daily and next 2 H4 candles close
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  • #877
  • Apr 8, 2020 11:34am Apr 8, 2020 11:34am
Quoting nw7
Hi dazjw2311, Thank you very much for sharing your great trading method and also spending your time to make videos. I have a question. I was looking for 3 fractal bar set up on AUDUSD 1 hour chart this morning (UK time). I saw the first 3 fractal (in black) and waiting for a bar to break high of bar 3. After, another 3 fractal (in pink) formed and another one (in orange). So in the end, 3 group of 3 fractal formed in the end. If this happens, shall I stick to the first one? or I should always newly formed 3 fractal? I have attached an image for...

You would use the one with the lowest low. Because once the first ones low was broken that swing low became invalid.
  • #878
  • Apr 8, 2020 12:12pm Apr 8, 2020 12:12pm
Quoting Blaxst3r
Watching to see how the Daily and next 2 H4 candles close {image}
thats an excellent trade buddy
  • #879
  • Apr 8, 2020 1:38pm Apr 8, 2020 1:38pm
Hi Daz, you mainly trade hourly and m15?
  • #880
  • Apr 8, 2020 2:24pm Apr 8, 2020 2:24pm
Here's an update on the setup I showed earlier today, on AUDJPY. It's a highly similar setup that Daz took on AUDUSD.
Price didn't quite retrace up to the 50% level of M-T, but still a decent pullback in a strong bull move for the week.
Clear 1-2-3 candles on H1, had to wait a bit for the 4th. Entry was on M15 (demo for my first trade with this method), 2:1 TP hit recently.
And a no-sweat trade, ain't it nice when it goes straight to your target

Attached Image (click to enlarge)
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