The Fractal Approach to S+R

Hi Guys,
I've been an avid reader of FF for quite a while and have got a lot of benefit from the many good traders that find the time to post here. Thanks especially to Bemac and NowandLater for the Peter Crowns threads.
So I thought I'd try to post a trading method I've been using successfully for about 18 months.
I'll start off by explaining my filter for direction that I use when setting up for the next days session (I trade the UK/EURO session mostly).
The first thing I do is check market flow using the 4h chart. I'll use charts from a EUR/USD trade I took yesterday first.
Take a look at the chart and you'll see the last high fractal (marked with an A) was broken higher on Mondays session.

As market flow is now up I am only taking long trades for the up coming session. The next thing I do I draw hoizontal lines across all on the fractal highs and lows going back a week. I warn you this is going to start looking a bit messy but I'll clean it up so please give me a sec.

After that I plot all the daily, monthly and weekly pivot points. This is where it starts getting really messy. All I'm looking for is an area where a pivot and a fractal match up. Because I do most of this before midnight GMT I may have to wait for the next day to find daily pivot (preferably the central) and this is what happened in the example but I wanted to give one that was as recent as possible.

OK.

So, how do you trade off so many lines???

I didn't find any of the pivots and fractals lining up at this stage but it doesn't mean that there wont be a daily show up the next day. So, as the chart is so messy I took off all the fractal lines that were too far from price and switch to the 30 minute to take a look at fibs. I use the 30 minute because I want to see the high and the low from the previous day to draw my fibs. I guess I could do it from the daily chart but I use the 30M for ease. You'll see that at this point I did see a confluence of the fractal that was the high of last week and the 38% fib.

Then I let the day unfold and show me where the daily pivots were. Now you can see that the central daily pivot lined up almost exactly with that same area where the fractal and 38% fib were.

Now that I have my entry I use a 50 pip stop and use the 127 fib extension for my profit. I do this every time.

As you can see the news helped a bit but my entry and profit were nice

I have a couple moe examples and would like to post them before I answer any questions. But please feel free to post tham and I'll try to be prompt.
Thanks.

Here's one I took on the Aussie dollar a couple of weeks ago. I'm using this example as I have it logged and the daily and weekly pivot have, of course, since changed. But I took these screen shots as it was unfolding.
You can see from this 4H chart that the last fractal to be broken was a low fractal. This means market flow is down so I'm only looking for short trades during the upcoming session

Then I make the same mess I did before with all the lines on the fractals.

And see which ones overlap with pivots

Then I clean it up leaving only the lines which match up with pivots.

Do the fibs on the 30M chart. Notice the 50%

Oedipus,

Many thanks for opening yet another interesting thread. A very neat application of s/r trading.

Which pair(s) do you devote most attention to these days?

BR

Then I place my order at the area of confluence set a 50 pip stop and profit at the 127. Go to bed and wake up to this.

This can work well during news. I have an example of a trade that unfolded during the last UK rate cut. These a somewhat more infrequent but do happen and pay well enough to look out for.
This exampl has it all except I wanted to go short and couldn't as market flow was up.

This had it all, nice overlap between fib, fractal and pivot but price is below and market flow was up. It was such a good confluence and it was my favorite (cable) so I kept an eye on it.
I drew a line o the last low fractal, where price had to break to change market flow to down. It looked like a long short to go all the way down there then come back for my entry but I did it anyway cos I'm a bit of a screen junky.

Well xmas came early in the form of the UK rate cut and market flow changed then came right back to my entry.

You can see how this went. Now I'd love to tell you I held fast and made a fortune but this happened at exactly the same time as I got entered into the Aussie trade that I set up the night before. Suddenly I was in two trades for twice the risk I'm used to right after a major news announcement and I freaked. I did get 100 pips out of cable but broke my rules and bailed early.
I did hold the Aussie to profit and ended up having a great day.