Auslanco - GBP/JPY and GBP/USD (newstrade)

Quoting Myrza

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If you miss the early boat..do not worry..provided there is a strong trend. Here is how u can utilise fractal. Each fractal will be support and resistance. The higher the time frame..much better:nerd:

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Quoting karimfx

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i tried before to understand this indicator , but i failed to understand it .. i know just simple thory about it


if you could give me some advices about it, i'll really appreciate

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Quoting Myrza

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If you miss the early boat..do not worry..provided there is a strong trend. Here is how u can utilise fractal. Each fractal will be support and resistance. The higher the time frame..much better:nerd:

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Quoting karimfx

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thans, bro for this advice i'll try to get in it

right now i try to test it into a demo account before put it in real

it is important firstly to learn use it better into a demo account

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Quoting ewokuk

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fractails repaint though dont they? so a fractal appears, it drops, you press sell, it goes flying up and the fractal simply moves from the previous bar to the new bar. hence fractuals always look like the holy grail when you take a look at any chart with them on it.

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Quoting Myrza

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It repaints of course...that is why I would advice using higher time frame. For trend following you can just add adx for trend strength indicator. If adx is rising ..you shouldnt worry much. For setting your SR level in higher time frame...it is highly reliable.

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Quoting ewokuk

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fractails repaint though dont they? so a fractal appears, it drops, you press sell, it goes flying up and the fractal simply moves from the previous bar to the new bar. hence fractuals always look like the holy grail when you take a look at any chart with them on it.

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Quoting ewokuk

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how high? any good on 1h or needs 4h or daily mainly?

ill stick one on and see next week

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Quoting ewokuk

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what period do you set it to? i have one caled i-fractalsex which defaults to 6 (although im not sure what it does as ive seen it draw 2 fractals in 2 bars)

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Quoting Myrza

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I dont know if fractal has time period?? I just use the default one in mt4..under Bill Williams

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Quoting donfriday

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fractal is a breakout strategy..good on lower tf 15min ...it's not new to me as i have tried it before i trade bill williams method b4

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Quoting ewokuk

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ok i see what my one is doing. period is 6 so its not drawing the fractal until 6 bars have closed after where it wants to put the fractal. kinda useless drawing it 6 bars later, the move is done by then!!

the bill williams one seems to work beter but im not sure how many bars it draws before the fractal appears, seems like its about 2 bars

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Quoting Myrza

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Chaos trading is to chaotic to me..I hate it..It uses fractal breakout strategy..To much drawdown.

I mainly use fractals as support and resistance. Some time I look for conflunce of fractals..If h4 /dly and weekly fell at around the same level..They would be a strong SR. But keep in mind ...I will always wait for a bar completion for entry...I mainly look for false breakout.

Another way to look at fractal is prices will almost always react and try to reach old fractal levels. I would use it to set my TP level

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