3 Bar Fractal Break | Page 55 | 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

  • #1,081
  • Apr 26, 2020 10:59am Apr 26, 2020 10:59am
if people are finding the strategy difficult, pleaase watch my strategy on youtube, link on page 1 , in particular the EMA strat
  • #1,082
  • Apr 26, 2020 3:29pm Apr 26, 2020 3:29pm
Quoting samsha786
Really struggling to make this system profitable. Many loosers - R:R not enough to make up for it. Any good ideas to filter out / minimise bad trades? I appreciate the owner sharing his idea - just not sure what I'm missing.
Use HTF
  • #1,083
  • Apr 26, 2020 7:52pm Apr 26, 2020 7:52pm
[quote = dazjw2311; 12893495] những người đă xem video cuối cùng của tôi bây giờ sẽ sẵn sàng cho các mục trên thiết lập tôi đă giải thích [/ quote] My fractals appear a lot, so which one should I choose? Glad I'm new to your topic, it's great
Attached Image (click to enlarge)
Click to Enlarge Name: CAJ.png Size: 26 KB
  • #1,084
  • Apr 26, 2020 8:19pm Apr 26, 2020 8:19pm
Quoting samsha786
...just not sure what I'm missing.
if you put the trades on a H1 chart and post that, it will be easier to get some constructive feedback.
  • #1,085
  • Apr 27, 2020 12:46am Apr 27, 2020 12:46am
No weekly video yet, Darren?
  • #1,086
  • Apr 27, 2020 1:08am Apr 27, 2020 1:08am
Quoting Tranqility
{quote} if you put the trades on a H1 chart and post that, it will be easier to get some constructive feedback.
Thanks! Will do that.

Has anyone made any hourly trades confirmed by a 15M candle close?
  • #1,087
  • Apr 27, 2020 1:14am Apr 27, 2020 1:14am
Quoting ctdthieu189
[quote = dazjw2311; 12893495] những người đă xem video cuối cùng của tôi bây giờ sẽ sẵn sàng cho các mục trên thiết lập tôi đă giải thích [/ quote] My fractals appear a lot, so which one should I choose? Glad I'm new to your topic, it's great {image}
This isn't a standard Bill Williams fractal. Use attached. This is the post that helped me:
https://www.forexfactory.com/showthr...5#post12832845
Attached File(s)
File Type: ex4 3_bar_fractal.ex4   62 KB | 619 downloads
  • #1,088
  • Edited 2:43am Apr 27, 2020 2:14am | Edited 2:43am
EURHKD - 15m. Any comments on this trade?
Attached Image (click to enlarge)
Click to Enlarge Name: EURHKD.png Size: 25 KB
  • #1,089
  • Apr 27, 2020 3:04am Apr 27, 2020 3:04am
Quoting TheForexDen
No weekly video yet, Darren?
He is going to do it on Tuesday.
Galatians VI As you sow so shall you reap.
  • #1,090
  • Apr 27, 2020 3:55am Apr 27, 2020 3:55am
Quoting samsha786
EURHKD - 15m. Any comments on this trade? {image}
The direction on D1 overall is bearish but Friday and today is up. It is bullish on the h4 and it looks like it could go up to 8.42 where there is a bit of resistance. As long as your stop is above those recent highs on the H4 it might work out? Personally I would have waited for either PA at that level or a buy signal then targeting that 8.42 level. If you had the MA's on the chart you would see that they don't agree with a sell where you are now.

The idea behind the system is to wait for Monday and Tuesday's range to give you a direction, then wait for a pullback toward the middle of the range then trade signals that are in the MonTue direction only. Darren said you can trade a continuation on Monday (when you understand the system) but your trade is counter trend.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-04-27 at 8.37.01 PM.png Size: 38 KB
Click to Enlarge Name: Screen Shot 2020-04-27 at 8.35.00 PM.png Size: 31 KB
  • #1,091
  • Apr 27, 2020 5:00am Apr 27, 2020 5:00am
Quoting Tranqility
{quote} The direction on D1 overall is bearish but Friday and today is up. It is bullish on the h4 and it looks like it could go up to 8.42 where there is a bit of resistance. As long as your stop is above those recent highs on the H4 it might work out? Personally I would have waited for either PA at that level or a buy signal then targeting that 8.42 level. If you had the MA's on the chart you would see that they don't agree with a sell where you are now. The idea behind the system is to wait for Monday and Tuesday's range to give you a direction,...
Hi

Thanks for the response. Much appreciated.

So by range you mean the lowest low and highest high of Monday and Tuesday. Price is expected to retrace 50% to that range. Please clarify what you mean by MonTue direction... Thank you!

Hope I understood everything else.
  • #1,092
  • Apr 27, 2020 5:19am Apr 27, 2020 5:19am
Quoting samsha786
{quote} Hi Thanks for the response. Much appreciated. So by range you mean the lowest low and highest high of Monday and Tuesday. Price is expected to retrace 50% to that range. Please clarify what you mean by MonTue direction... Thank you! Hope I understood everything else.
Yes, EURUSD H1 - Put the fibs on the range for the 20th and 21st and mark the 50%. See how price comes back (this time past the 50%, so it was a borderline entry) on the Wednesday then forms a 3bar fractal that has the entry candle closing below the 50% and price carries on down for the rest of the week. It doesn't always work but your chances are better than even if you wait for the trend to confirm.

And the MA's show that all entry conditions are met
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-04-27 at 10.09.37 PM.png Size: 7 KB
Click to Enlarge Name: Screen Shot 2020-04-27 at 10.09.10 PM.png Size: 11 KB
Click to Enlarge Name: Screen Shot 2020-04-27 at 10.23.27 PM.png Size: 27 KB
  • #1,093
  • Apr 27, 2020 5:47am Apr 27, 2020 5:47am
Quoting Tranqility
{quote} Yes, EURUSD H1 - Put the fibs on the range for the 20th and 21st and mark the 50%. See how price comes back (this time past the 50%, so it was a borderline entry) on the Wednesday then forms a 3bar fractal that has the entry candle closing below the 50% and price carries on down for the rest of the week. It doesn't always work but your chances are better than even if you wait for the trend to confirm. And the MA's show that all entry conditions are met {image} {image} {image}
Thanks alot!

Took a EURCAD buy to get practice.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.png Size: 42 KB
  • #1,094
  • Apr 27, 2020 5:59am Apr 27, 2020 5:59am
Quoting Tranqility
{quote} Yes, EURUSD H1 - Put the fibs on the range for the 20th and 21st and mark the 50%. See how price comes back (this time past the 50%, so it was a borderline entry) on the Wednesday then forms a 3bar fractal that has the entry candle closing below the 50% and price carries on down for the rest of the week. It doesn't always work but your chances are better than even if you wait for the trend to confirm. And the MA's show that all entry conditions are met {image} {image} {image}
If price retraced between 38% - 50% and then started moving up... the bias would be up and would only take buy trades? I assume we also make sure price above the MA - I like 34, find it more reliable.

And there's no telling how long price could take to retrace so you wait almost 2.5 days before you take any trades? Please forgive my ignorance.
  • #1,095
  • Apr 27, 2020 6:13am Apr 27, 2020 6:13am
Quoting samsha786
{quote} If price retraced between 38% - 50% and then started moving up... the bias would be up and would only take buy trades? I assume we also make sure price above the MA - I like 34, find it more reliable. And there's no telling how long price could take to retrace so you wait almost 2.5 days before you take any trades? Please forgive my ignorance.
Darren lays it all out in his videos, if you watch those a few times it will all make sense.
  • #1,096
  • Apr 27, 2020 6:16am Apr 27, 2020 6:16am
just knowing the pattern wont work. Just watching my videos once, wont work. It needs to sink in. Re-watch my videos, the concept is simple .and with black and white rules. No subjectivity. It either happens or it dont.
  • #1,097
  • Apr 27, 2020 9:41am Apr 27, 2020 9:41am
The pattern does not work long term, backtested it with various indicators and variables that can cut off fake trades, sorry to burst your bubble but this system is failure, people are hyped up because does not see long term trading like that. Good try tho

The only chance is that one will develop 100% sure chance to recognize if pattern is right or not, if you have any ideas give me a call, I can turn it into EA
  • #1,098
  • Apr 27, 2020 10:56am Apr 27, 2020 10:56am
Quoting kodakwhite
The pattern does not work long term, backtested it with various indicators and variables that can cut off fake trades, sorry to burst your bubble but this system is failure, people are hyped up because does not see long term trading like that. Good try tho The only chance is that one will develop 100% sure chance to recognize if pattern is right or not, if you have any ideas give me a call, I can turn it into EA

testing with indicators is not the way, ive gave a strategy to use it on youtube. Its not going to work on its own like any other pattern but is powerful when you have a focus. watch my EMA strat on youtube. You will understand what i mean
  • #1,099
  • Apr 27, 2020 11:20am Apr 27, 2020 11:20am
Quoting kodakwhite
The pattern does not work long term, backtested it with various indicators and variables that can cut off fake trades, sorry to burst your bubble but this system is failure, people are hyped up because does not see long term trading like that. Good try tho The only chance is that one will develop 100% sure chance to recognize if pattern is right or not, if you have any ideas give me a call, I can turn it into EA
another one looking for an holy grail, slating other peoples work. Shows you swap systems time again. Shows you never even read page 1 to even come this far. Idiots like you give trading and systems a bad name. You should give it up
  • #1,100
  • Apr 27, 2020 11:39am Apr 27, 2020 11:39am
@dazjw2311,
I will backtest this. Thanks!
Learning by doing
0 traders viewing now