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Fractal Geometry

  • #421
  • Mar 22, 2021 11:10am Mar 22, 2021 11:10am
Quoting Expo33
Give this a chance and call it a day. Fractal line tested, validated and broken with a broken triangle as well. USD/CAD M30 {image} Stay safe friends, back later today. Cheers!
Manual close for a quick +12 pips. Now I have a better taste in my mouth going into tonight's session
Pride always comes before destruction.... -Proverbs 16:18
  • #422
  • Mar 23, 2021 3:40am Mar 23, 2021 3:40am
Hello,

USDJPY

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  • #423
  • Mar 23, 2021 4:32am Mar 23, 2021 4:32am
Hi, little set up today
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM30.png Size: 62 KB
  • #424
  • Mar 23, 2021 5:03am Mar 23, 2021 5:03am
Quoting Gleam
Hi, little set up today {image}
Stopped, opposite trade
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM30.png Size: 61 KB
  • #425
  • Mar 23, 2021 5:04am Mar 23, 2021 5:04am
Quoting O_s_a
Hello, USDJPY {image}
USDJPY - profit

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  • #426
  • Mar 23, 2021 5:09am Mar 23, 2021 5:09am
Today's GBPUSD action.
Great reffer to, what Expo33 and Gleam showed couple times.

First buy on FL touch then sell after breakout.
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M5 perspective:
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Very important element about this system because in my opinion we will be have many of this type trades and we need to maximize profit.

Daily ROE: 0,53%
  • #427
  • Mar 23, 2021 7:48am Mar 23, 2021 7:48am
Quoting Gleam
{quote} Stopped, opposite trade {image}
This is tough one. Candle close perfectly at FL.
When do You think to enter short trade?
At the retrace to FL? You already loss full SL so the risk on recovery trade is high.
  • #428
  • Edited 5:32pm Mar 23, 2021 3:16pm | Edited 5:32pm
Quoting Gleam
{quote} Stopped, opposite trade {image}
I've noticed you guys are trading the "second" touch sometimes which is fine but I personally am very worried about that for my own trading. I feel like the more price knocks on the door, that eventually the door will open and price will break through.

Also, as I have said, I have been using much smaller SL's, especially for M30. In this case, 20% would be 14 pips which for me is just too big. If price runs past the line 7-10 pips then in my mind it's going to be a loser anyway. It seems to me that the first touch, when it works, reacts immediately and forcefully at the line so a smaller SL seems better to me. Also, a smaller SL gives you the opportunity to make a profit overall if you can be successful with a recovery trade. Instead of just "recovering" that 14 pips we can use a smaller SL and make a little profit even when our initial trade was a loser.

I have also been targeting 20% TP for M30, so in this case, TP of 14 pips would be perfect. SL of 10-15%(7-11 pips in this example) I know it seems so small but I think it fits better for M30.

Of course, these are just my thoughts and we each need to trade in our own way.

CAD/JPY - M30 COMMENTS ON FIRST AND SECOND TOUCH
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This isn't meant to be a criticism, just an observation.

Also, Osa's winning USD/JPY trade was technically a "second" touch trade as well so it shows it can be fine. I just tend to try and pass on the second/third touch if I missed the first touch.

USD/JPY M30 SECOND TOUCH WINNER
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Anyways, good trading everyone. I had a super busy night/morning so I'm late posting.

Cheers and thanks for sharing your trades.
Pride always comes before destruction.... -Proverbs 16:18
  • #429
  • Mar 23, 2021 10:55pm Mar 23, 2021 10:55pm
Quoting arby1108
here you go. I feel creative.... {file}
Hello brother.

I just wanted to thank you again. This indicator has made it so much easier to scan through pairs and timeframes. Click click click to see not only the most recent setup but past setups as well. I find that pairs go thru harmonic cycles where they tend to react consistently to these fractal lines and this indi makes it so easy to check each valid structure.

Then once I find my setups I can manually adjust the lines the way I like, especially so the EA description isn't cluttering up the price action.

I forgot to add this indi to the first post. I'll do that now.

Cheers!
Pride always comes before destruction.... -Proverbs 16:18
  • #430
  • Edited Mar 24, 2021 12:28am Mar 23, 2021 11:37pm | Edited Mar 24, 2021 12:28am
Pending orders:

EUR/USD H4 - FRACTAL LINE
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AUD/CAD H4 - SELLING BROKEN AND VALIDATED FRACTAL LINE
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10:30PM WAY WAY WAY past my bedtime.

Good night to me and good morning to my friends across the sea. Safe trading all.
Pride always comes before destruction.... -Proverbs 16:18
  • #431
  • Mar 24, 2021 4:19am Mar 24, 2021 4:19am
Quoting O_s_a
{quote} This is tough one. Candle close perfectly at FL. When do You think to enter short trade? At the retrace to FL? You already loss full SL so the risk on recovery trade is high.
Hi, even this setup was full stop losses, (not all lucky to cover ), had two stops in a raw, but I personally trying to open opposite order like all.. 2 pip before FL.
  • #432
  • Mar 24, 2021 4:25am Mar 24, 2021 4:25am
Quoting Expo33
{quote} I've noticed you guys are trading the "second" touch sometimes which is fine but I personally am very worried about that for my own trading. I feel like the more price knocks on the door, that eventually the door will open and price will break through. Also, as I have said, I have been using much smaller SL's, especially for M30. In this case, 20% would be 14 pips which for me is just too big. If price runs past the line 7-10 pips then in my mind it's going to be a loser anyway. It seems to me that the first touch, when it works, reacts...
Hello, my oversea friend
I thought a lot about it and I am of the same opinion, thanks for the clarifications. Always helpful tips.
  • #433
  • Mar 24, 2021 4:42am Mar 24, 2021 4:42am
Attached Image (click to enlarge)
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  • #434
  • Mar 24, 2021 9:02am Mar 24, 2021 9:02am
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  • #435
  • Mar 24, 2021 11:20am Mar 24, 2021 11:20am
Quoting Expo33
Pending orders: EUR/USD H4 - FRACTAL LINE {image} AUD/CAD H4 - SELLING BROKEN AND VALIDATED FRACTAL LINE {image} 10:30PM WAY WAY WAY past my bedtime. Good night to me and good morning to my friends across the sea. Safe trading all.
Good morning/afternoon/evening friends. Neither order filled. I wasn't really expecting them to fill as the dollar is bid across the board for now.

However, I have been playing USD/CAD like a fiddle and doing very well. Nothing to do with the fractal system. I've been studying this pair for 13 years in relation to oil and equities, in particular, US equities. Then using a mental correlation strategy to enter and exit trades.

NOTE: Post #1 has been updated with some new SL/TP parameters. I also added the new auto drawing indicator made by our friend "arby1108". I still haven't fully tested the modified EA indicator that "O_s_a" made for us. So far the only thing I noticed was that it won't trigger if "trigger=0". I could be wrong but I'll try to do more testing before we replace the original EA on post #1. Thanks again to Oskar
Pride always comes before destruction.... -Proverbs 16:18
  • #436
  • Mar 24, 2021 11:36am Mar 24, 2021 11:36am
I don't trade the US SP500 Index but I do use it when I'm using it for correlation with USD/CAD.

SP 500 H1 - FRACTAL LINE WITH TRIANGLE CONFLUENCE
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So I'd be buying USD/CAD when the index touches the line/triangle as USD/CAD tends to inversely correlate with equities and oil.
Pride always comes before destruction.... -Proverbs 16:18
  • #437
  • Mar 25, 2021 9:26am Mar 25, 2021 9:26am
Hello traders.

Probably the only 2 pending orders that have a chance to fill during this session.

GBP/USD M30 - FRACTAL LINE FIRST TOUCH
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AUD/CAD H4 - BROKEN FRACTAL LINE SELLING RETRACEMENT
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Pride always comes before destruction.... -Proverbs 16:18
  • #438
  • Mar 25, 2021 12:35pm Mar 25, 2021 12:35pm
2 more pending orders. EURO getting battered and bruised recently.

EUR/USD H4 - FRACTAL LINE FIRST TOUCH
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EUR/JPY H1 - FRACTAL LINE FIRST TOUCH
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Pride always comes before destruction.... -Proverbs 16:18
  • #439
  • Edited 10:54pm Mar 25, 2021 10:38pm | Edited 10:54pm
Quoting Expo33
2 more pending orders. EURO getting battered and bruised recently. EUR/USD H4 - FRACTAL LINE FIRST TOUCH {image} EUR/JPY H1 - FRACTAL LINE FIRST TOUCH {image}
One of our 4 pending orders filled. A good example of the precision of the fractal line and the reason I'm using smaller and smaller SL's. Sadly it only filled on 1 of my 4 brokers. What a difference a pip or less can make, or a spread that's a half pip different on a different broker. Still, an easy 10 pips. In and out.

Nonetheless, we won't chase the second touch.

EUR/JPY H1 FRACTAL LINE WINNER FOR 10 PIPS
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Here's another little scalp that I manually entered during the Asian session. Picked up a quick 10 pips. Also, this illustrates why I won't chase the second touch.

AUD/USD M30 FRACTAL LINE WINNER FOR 10 PIPS
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 46 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #440
  • Mar 25, 2021 11:08pm Mar 25, 2021 11:08pm
One more pending order before bedtime.

USD/CAD H1 - FRACTAL LINE WITH POSSIBLE TRIANGLE CONFLUENCE
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 50 KB
Pride always comes before destruction.... -Proverbs 16:18
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