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30 to 60 pips is good enough for me

  • #21
  • Sep 11, 2015 12:26pm Sep 11, 2015 12:26pm
Quoting laksior
Dear RuAc can You tell me is my understanding of Your system is correct? I speak poor english so i have problem with propper understanding. {image}
Hi laksior,

I am not quite seeing the setups as you have labelled them so I will attach some examples. I use two approaches:

1. 30PIP SYSTEM - Whenever a fractal bar develops I place a horizontal line at its close price. If price had closed above/below the line I wait for a test (or the for price to prove bias in a particular direction against the close price, example close above/below twice) and then I enter after the test.

EXAMPLES
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  • #22
  • Sep 11, 2015 12:33pm Sep 11, 2015 12:33pm
15PIP SYSTEM

The second approach is to Buy above the close price of the previous bullish bar and sell below the close price of the previous bearish bar.
The understanding is that if the 6am close, for example, was bullish then 7am closed bullish ABOVE THE 6AM CLOSE, price will return to the 6am close price and continue to buy for at least 15pips...vice versa for short.

EXAMPLES
Attached Image (click to enlarge)
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  • #23
  • Sep 11, 2015 12:39pm Sep 11, 2015 12:39pm
Now it's clear for me mate.
Thanx for explanation.
I was totally misunderstood Your system.

Cheers
  • #24
  • Sep 11, 2015 12:43pm Sep 11, 2015 12:43pm
Quoting laksior
Now it's clear for me mate. Thanx for explanation. I was totally misunderstood Your system. Cheers
Ok great...you're welcome!
  • #25
  • Sep 11, 2015 3:27pm Sep 11, 2015 3:27pm
I have some doubts about some of Your entries.
#1
Attached Image (click to enlarge)
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I think You should go long after last candle close because last fractal wasn't broken in south direction.

#2
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Same situation as above.

#3
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Why long here? There is no fractal in last few candles...

Please kindly post Your analysis.
  • #26
  • Sep 11, 2015 3:36pm Sep 11, 2015 3:36pm
78.771 for NZDJPY i pressume
it fits 161.8 and the s/r perfectly

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  • #27
  • Sep 11, 2015 4:06pm Sep 11, 2015 4:06pm
Quoting laksior
I have some doubts about some of Your entries. #1 {image} I think You should go long after last candle close because last fractal wasn't broken in south direction. #2 {image} Same situation as above. #3 {image} Why long here? There is no fractal in last few candles... Please kindly post Your analysis.
Hi lakisor, I appreciate your questions and will answer them one at a time in a separate post
  • #28
  • Sep 11, 2015 4:14pm Sep 11, 2015 4:14pm
So in #1 I was trading the previous fractal bar. There was a previous close below and test, so it was ready for short.
The Long setup you are looking at was not quite ready, so I confidently took the short, watching as price approached that pending long area. Please see labelled chart below explaining the short I took.
Attached Image
  • #29
  • Sep 11, 2015 4:16pm Sep 11, 2015 4:16pm
#2 was the same situation as above, and even though a long was already in motion the resistance at the previous fractal bar close was proving to be strong.
  • #30
  • Sep 11, 2015 4:20pm Sep 11, 2015 4:20pm
With respect to question #3, please look back at posts #1, 21 and 22. I am trading TWO APPROACHES, which I described in these three posts. If you are not clear after looking back at these posts then we can talk some more.

Keep in mind, where the Fractal Bar setups are concerned they take a little bit more bars to confirm the setup at times, so you can have a setup on a recently or previously formed fractal bar.
  • #31
  • Sep 12, 2015 6:23am Sep 12, 2015 6:23am
Hi Ruac,
your support/resistance are pivot points or what else?
What is Fractal bar?
Cheers
  • #32
  • Sep 12, 2015 7:01am Sep 12, 2015 7:01am
Quoting Lupo.Nero
Hi Ruac, your support/resistance are pivot points or what else? What is Fractal bar? Cheers
Hi Lupo.Nero,

If you look at post #1 on the links there I provide some details on my approach. A fractal bar is a price bar creating a low lower than the two previous bars and the two bars that follow, or a bar creating a high higher than the two previous bars and the two bars that follow. I use a Fractal indicator to highlight these bars.
  • #33
  • Sep 12, 2015 7:25am Sep 12, 2015 7:25am
This my understanding correct?
Thank you.
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  • #34
  • Sep 12, 2015 7:42am Sep 12, 2015 7:42am
Quoting renatocolive
This my understanding correct? Thank you. {image}
Correct renatocolive.
  • #35
  • Sep 13, 2015 3:42am Sep 13, 2015 3:42am
Quoting RuAc
Risking 15 pips for 15 or 30pips Trading 6 pairs Protecting Trades @ 8 or 12pips profit Trading 1 hour charts only Using two(2) Support/Resistance Approaches: - Buy when previous bullish close stands as support. - Sell when previous bearish close stands as resistance. - Buy/Sell Fractal Bar close standing as support/resistance. Please read the following posts: Post #21 Post #22
Hello RuAc!
I'm trying to get some ideas from your system, thanks for sharing!

2 questions for now:
a) what are your 6 pairs?
b) could you share your fractal bar indicator?

hank you and good luck to you!
Just an opinion. Based on research
  • #36
  • Sep 13, 2015 9:06am Sep 13, 2015 9:06am
Quoting since80808
{quote} Hello RuAc! I'm trying to get some ideas from your system, thanks for sharing! 2 questions for now: a) what are your 6 pairs? b) could you share your fractal bar indicator? hank you and good luck to you!
Hi since80808,

I trade EURUSD,EURJPY,AUDUSD,AUDJPY,NZDUSD,NZDJPY. The fractal indicator comes as a custom indicator on my platform. If you are using MetaTrader, its called Bill Williams Fractals.

Thanks!
  • #37
  • Sep 14, 2015 4:28am Sep 14, 2015 4:28am
Long previous bullish close on NZDJPY risking 15 for 15
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  • #38
  • Edited 5:23am Sep 14, 2015 4:31am | Edited 5:23am
Sell Limit on EURUSD at previous bearish close risking 15 for 15

Order cancelled.
Attached Image
  • #39
  • Sep 14, 2015 5:03am Sep 14, 2015 5:03am
Buy limit at support at fractal close on NZDUSD risking 15 for 30
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  • #40
  • Sep 14, 2015 5:06am Sep 14, 2015 5:06am
Long EURJPY at prevoius bullish close risking 15 for 15
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