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Fractal Geometry

  • #181
  • Feb 16, 2021 8:22am Feb 16, 2021 8:22am
Quoting Expo33
{quote} Morning friend. Is it true that the charts need to be open for the trendline EA to trigger because I had my charts closed during sleep time and my GBP/CAD never triggered? Usually I have the charts open because when I get an alert on my phone when sleeping I can get up and go in my office to do what I need to do and it saves time if the charts are already open but last night I forgot and had them all closed.
Yes, bro, of course you should leave it opened if you want EA do its work. I kept closed my MT4 overnight usually because of big spread at open new day. My broker IC Markets and spreads are very useable there.. You can try, my friend .
  • #182
  • Feb 16, 2021 8:29am Feb 16, 2021 8:29am
Quoting Gleam
{quote} Yes, bro, of course you should leave it opened if you want EA do its work. I kept closed my MT4 overnight usually because of big spread at open new day. My broker IC Markets and spreads are very useable there.. You can try, my friend .
Thanks that kind of what I thought.

I think I tested IC on demo a few years ago.

By the way, thanks for the EUR/NZD set up, I manually scalped 4 pips then got out

Unfortunately, no brokers in Australia accept US clients.
Pride always comes before destruction.... -Proverbs 16:18
  • #183
  • Feb 16, 2021 11:23am Feb 16, 2021 11:23am
I feel more confident with steeper angleD fractal lines. Manual entry here, risking 10 pips to get 20.

NZD/USD H4
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4.png Size: 42 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #184
  • Feb 16, 2021 12:09pm Feb 16, 2021 12:09pm
Quoting Expo33
I feel more confident with steeper angleD fractal lines. Manual entry here, risking 10 pips to get 20. NZD/USD H4 {image}
A quick 8 in and out scalp for 8 pips. Don't want to be exposed as the daily reset approaches. Done for the day. Back later to scour the charts for tonight's setups.

Cheers all and safe trading.

NZD/USD - H4 RESULT
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4.png Size: 37 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #185
  • Edited 7:25pm Feb 16, 2021 6:35pm | Edited 7:25pm
We are staying away from all GBP pairs tonight. The CPI print is coming out later and I'd rather not be exposed in case of a big surprise.

BUT, we have 6 setups loaded and ready to trigger.

EUR/USD H1
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 51 KB

AUD/USD M30
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 51 KB


USD/CHF H1
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH1.png Size: 58 KB


AUD/JPY M30
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM30.png Size: 50 KB


EUR/CAD H4
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH4.png Size: 52 KB


USD/CAD H1
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 51 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #186
  • Feb 17, 2021 3:03am Feb 17, 2021 3:03am
Morning, my two trades so far
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPYH1.png Size: 56 KB
Click to Enlarge Name: CHFJPYH4.png Size: 70 KB
  • #187
  • Feb 17, 2021 7:55am Feb 17, 2021 7:55am
Quoting Gleam
Morning, my two trades so far {image} {image}
Hello friend.

It looks like your CAD/JPY was a full TP winner! Congrats. And the CHF/JPY looks like it is still alive for now. I don't think I would have taken the CHF/JPY just because the CD wave is really really messy. Good luck!
Pride always comes before destruction.... -Proverbs 16:18
  • #188
  • Feb 17, 2021 8:01am Feb 17, 2021 8:01am
Quoting Expo33
We are staying away from all GBP pairs tonight. The CPI print is coming out later and I'd rather not be exposed in case of a big surprise. BUT, we have 6 setups loaded and ready to trigger. EUR/USD H1 {image} AUD/USD M30 {image} USD/CHF H1 {image} AUD/JPY M30 {image} EUR/CAD H4 {image} USD/CAD H1 {image}
UPDATE:

Our USH/CHF sell triggered during my sleep and was stopped out. One good thing about Oanda is they have their own mobile app that has audio alerts so I heard the stop out in the middle of the night and got up and placed a "recovery buy" on the other side of the fractal line and got back 10 pips.

USD/CHF
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH1.png Size: 54 KB


Our EUR/USD buy triggered during the big US retail sales print which is inherently dangerous with such small stop losses. We got stopped out there as well and now we have placed a recovery sell trade on the other side of the fractal line.

EUR/USD H1
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 51 KB


None of the other 4 setups triggered but are all still active and ready

Time to work out and then we will be back ........Cheers
Pride always comes before destruction.... -Proverbs 16:18
  • #189
  • Edited 9:12am Feb 17, 2021 8:48am | Edited 9:12am
Expo33 what do You think about this type of trade?
Good momentum.

Attached Image (click to enlarge)
Click to Enlarge Name: 16a4b43dab9223d7346fd19027a95d2d.png Size: 57 KB


The same on USDCHF

Attached Image (click to enlarge)
Click to Enlarge Name: c691d131ec43ce6c212c19ab35171d1f.png Size: 57 KB

P.S. Also use IC markets. Very good spreads.

Attached Image
  • #190
  • Feb 17, 2021 9:40am Feb 17, 2021 9:40am
Quoting O_s_a
Expo33 what do You think about this type of trade? Good momentum. {image} The same on USDCHF {image} P.S. Also use IC markets. Very good spreads. {image}
Nice job! It looks like you are in profit on both.

In both cases price followed the line before breaking which "validates the line. Wait for the break and sell/buy the retouch. That's fantastic. Also, I'm sure you know EUR/USD and USD/CHF are inversely correlated (move in the opposite direction) so really you could make your EUR/USD trade twice as big and not do the USD/CHF trade and save yourself a lot of extra margin as CHF pairs require a lot more margin. Especially for any traders using US brokers that only have 50:1 max leverage.

Also, Australian brokers won't service any US clients which is a shame because I like several brokers in Australia. I'd use Global Prime in a heartbeat if I could.

Cheers and thanks for posting

My EUR/USD "recovery" sell trade missed triggering by 1 pip but it shows the power of the fractal line. A different structure on the hourly chart but it gives basically the same entry as your structure on the 30 minute chart

EUR/USD H1
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 52 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #191
  • Feb 17, 2021 9:49am Feb 17, 2021 9:49am
Yes both pair reach target but I had position only on EURUSD due to correlation
  • #192
  • Feb 17, 2021 9:59am Feb 17, 2021 9:59am
Quoting O_s_a
Yes both pair reach target but I had position only on EURUSD due to correlation
Oh, yea I just noticed no trade on your USD/CHF chart.
Pride always comes before destruction.... -Proverbs 16:18
  • #193
  • Feb 17, 2021 10:06am Feb 17, 2021 10:06am
Triggers for tonight.

NZDJPY M30
Attached Image (click to enlarge)
Click to Enlarge Name: 47f3077ef7bc298169774ce9ae5092c3.png Size: 70 KB

USDCAD M30
Attached Image (click to enlarge)
Click to Enlarge Name: 8546ecfc3123bc4b762fc0e7bf1dcbbe.png Size: 66 KB
  • #194
  • Feb 17, 2021 12:04pm Feb 17, 2021 12:04pm
We missed the first entry by 1 pip so we went manual sell here. Maybe end the day on a high note

EUR/USD H1 - BACKSIDE SELL OF BROKEN FRACTAL LINE
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 48 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #195
  • Feb 17, 2021 12:37pm Feb 17, 2021 12:37pm
Another trigger.

GBPUSD M30
Attached Image (click to enlarge)
Click to Enlarge Name: fed48e526c9f87ef4d114e755e6757c2.png Size: 73 KB
  • #196
  • Feb 17, 2021 12:50pm Feb 17, 2021 12:50pm
Quoting O_s_a
Another trigger. GBPUSD M30 {image}
I'm taking my 10 pips from the EUR/USD trade. Getting late in the day. Any more triggers and I might shoot myself in the foot again.

Safe trading. We'll try again next session.

Cheers
Pride always comes before destruction.... -Proverbs 16:18
  • #197
  • Feb 17, 2021 10:38pm Feb 17, 2021 10:38pm
Good day traders, just about bedtime for me.

Our watchlist all set to go. good luck and safe trading to all.

AUD/USD H4
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 52 KB

AUD/JPY M30
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM30.png Size: 51 KB

GBP/NZD M30
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM30.png Size: 51 KB

USD/CAD H1
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 50 KB

EUR/CAD H4
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH4.png Size: 52 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #198
  • Feb 18, 2021 3:37am Feb 18, 2021 3:37am
Quoting Expo33
{quote} Hello friend. It looks like your CAD/JPY was a full TP winner! Congrats. And the CHF/JPY looks like it is still alive for now. I don't think I would have taken the CHF/JPY just because the CD wave is really really messy. Good luck!
Morning, all..
Yes, you was right, my bad, CD wave was messy, I need to look more closely next time. One of them stopped out.
  • #199
  • Feb 18, 2021 7:05am Feb 18, 2021 7:05am
Quoting Gleam
{quote} Morning, all.. Yes, you was right, my bad, CD wave was messy, I need to look more closely next time. One of them stopped out.
Morning friend.

Icing up my elbow, shoulder, neck, knee, and back before my workout. I love getting old
Pride always comes before destruction.... -Proverbs 16:18
  • #200
  • Feb 18, 2021 8:34pm Feb 18, 2021 8:34pm
Dangerous trade with oil and equities falling but we are in it now.

USD/CAD M30
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30.png Size: 49 KB
Pride always comes before destruction.... -Proverbs 16:18
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