Using fractals as an exit 'take profit' point | Forex Factory

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Using fractals as an exit 'take profit' point

  • #1
  • First Post: May 24, 2014 9:15pm May 24, 2014 9:15pm
Fractals can't be used in trading a trend obviously unless it's with the trend, but what about using fractals instead as an exit point on a profitable trade? Such as a higher time frame fractal for your exit (example trading on 1h chart and taking an exit once you get a 4h fractal in the opposite direction)?
  • #2
  • May 25, 2014 6:22am May 25, 2014 6:22am
Quoting justin7
Fractals can't be used in trading a trend obviously unless it's with the trend, but what about using fractals instead as an exit point on a profitable trade? Such as a higher time frame fractal for your exit (example trading on 1h chart and taking an exit once you get a 4h fractal in the opposite direction)?
When you are referring to fractal, do you just mean swing highs and lows? If so, why do say that they can't be used in trading a trend?
  • #3
  • Last Post: May 25, 2014 1:14pm May 25, 2014 1:14pm
Quoting SupraSense
{quote} When you are referring to fractal, do you just mean swing highs and lows? If so, why do say that they can't be used in trading a trend?
I mean they can't be used solely on their own..there should be other parameters met besides a new high or low
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