Fractal Reverse Engineering Journal - Page 2
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Thread: Fractal Reverse Engineering Journal

  1. #11
    There definitely some fantastic learning have done this week. I thanks a lot for the man or woman who walked with me, providing me the positive to do within my tradings.

    Let throw some charts in today to see some of my great trades, some almost very great transactions , bad transactions, and trades that are missed.

    Great concessions :
    1) EU Sell

    Entered directly below the previous large fractal (red dot). Bias: the pairs need to go back to the white tendency line( daily Andrew pitchfork), take the opportunity that there ahead of the US Jobless Claims announce, anticipate the news might capable to fuel it to go down. We won't understand if we don't try

    From daily we can view more clear the red dots form a solid celing.
    Profit 80 pips in only 1 hour.

  2. #12
    I want to make like that trade
    sharings wonderful ...

  3. #13
    Great trades

    two)USDCAD Buy
    It was a massive sell down after the news, that is performing the entirely opposite to what the news does to EU! This again affirm that my conspiracy that news is simply a tool to move the price but we could never take it for granted to what suppose to become Dovish(therefore should move up) and that which suppose to be Bear(therefore should go down). It's about the Forces that are invisible to take that news, then the herds would follow.
    I like trading out of opposite or pullback, I tried to exchange breaks but it never give me the satisfaction I could get from trading reverse or pullback, therefore when UCAD suddenly drop like hell, so I did not need to jump into the south train, since this pairs been moving up for so long, complete it's still an extremely bullish trend , when you look at it from a weekly chart angle. So intsead chasing it with many other together, I set a price alert to buy at the price of 1.4238, where it was lots of congestion there. After the price alerted me, I start looking into the chart - from 1hr, down to 15M and 3M, I waited there for another 10 minutes, and that I was convinced that I can buy back up from there for possible 130 pips profit.



    since the transaction was completed in the day NY session after London session closed too, once the price was about 60 pips and started shaking, I determined into the profit. As I see from H4, the momentum to buy up wasn't powerful enough to develop into a pull back to the uptrend it was a retrace with this new down trend. I am happy I did that, see the Ucad remains about the rally of selling down. People is currently getting their looneys out to be prepared to buy a few oil eventually lol.
    This commerce profit 60 pips in two hour.

  4. #14
    Great smaller pips trade:
    3) GBPUSD Sell
    I took the chance to market back down to its Weekly and Daily Trend. However once I see the price stagnet on the M3 and would not go any lower then 1.4254, I was smelling something fishy there, so I took the 24pips profit and operate~
    I'm so happy I ran out lol.

    Watch the Bar begin to forming a snare right below the historic high fractal , so my bias is it that the buying side haven't got enough power to push through that resistance level. We can see this happening more apparent on M5

    So good attempt to have acted prompted , hard-won 24 pips

  5. #15
    You have to have a special talent
    I believe I understand the challenging
    I guess this is related to technical and volume
    What would you believe about this picture
    Do you think I knew a little bit right...

  6. #16
    Quote Originally Posted by ;
    You need to have a special talent I think I know the difficult I guess that is related to technical and quantity What do you think about this picture Do you think I knew a little bit right... image
    Hey Gokay, welcome here.

    You are 80% correct, but one thing that you have to aware is that when the 2 bar to the right did not shut with a lower high or higher low differently, it could be a false sign and the Fractal that you view is printing on the chart could subsequently vanished.
    If the next bar to the right would be making a lower high differently, then that specific pub is going to have high fractal, vice versa,
    if the next bar to the right is making a high reduced differently, the that bar is going to have low fractal
    So with the newest fractal to ascertain entry might give a wrong sign (if you did not wait until the pub shut), and the other problem is that using would be a late entry (not a fantastic price anymore) especially on 1H or greater timeframe since you wouldn't be able to see that Fractal appears at least once 2 hours(such as 1H chart), or 8 hours (for 4H chart) due to the lagging.

    So how I do is to use the historical fractal that on the left hand side to predetermine my entry price around them, then I would decide on a price alert, when it alerts me, I will look at the chart, within 10 minute I will make the choice to enter or not.

    However, if the setup is observed on the 4H or daily, it is extremely beneficial to just place an pre-set order for the market to take it reaches the price.

    That I am going to show 2 of my missed transactions, you would see out there it is very safe to do preset order on 4H or Daily interval. And it might be worth doing from those TF would produce around 100 pips or more rewards and inverse amounts.

  7. #17
    Quote Originally Posted by ;
    There definitely some good learning have done this week.
    Good Nik

  8. #18
    Fractal Reversal Trading is one of those pieces of ingredient to produce Result that is Fruitful.

    So what's the other pieces?TREND.
    For Trending, the most dependable and dominate Trend would constantly reveals on the Daily Chart. This means Lower TF fad changes more often - Caution: a breakout pattern produce 40 pips trending up on 1min chart, whilst looking at the same pairs by flipping back into the daily chart, the pairs could just seem like some vendors are recovering from profiting. Yet about the chart, it seems like the trend is becoming ready for changing its leadership. Market Range.
    Understanding what range the pairs you've got obtained, can benefit tremendously positioning the entrances and exit for every transaction.Time Duration
    Having a target is important, and at the top of this, we need to pick a time duration for your order to hit that target. Breakout by news/events pushed for moving more than 200 pips in one move doesn't occur. Statistically, I would say that happen 2% of the market trading hours. Let say, if I set an order and expect to get 200 pips profit because my target, I would give time duration allowing for a single weekly's commerce. Vice versa, if I'm scalping from algorithm facet on 1 minute chart, I would expect to hit a 10 ~ 20 pips target over 5 minutes.

  9. #19

  10. #20
    Trying difficult to ch the base of a new fad.

    I'd confess. This is among the most fatal errors I committed.

    Afford the example above, see the next chart by circling out a few repeat market down. It's actually less risky (Align with the current bearish trend) , to market down from these circles, instead then position to buy in at these levels for the new trends.

    Yes, It is nothing incorrect to ch a new fad, however before a new fad truly shaped, it would undergo several rangings, as more orders will need to develop the new leadership. Out of which time period Which Trend are you currently trading? After this theory getting clear, then implementing reversal fractal concept become valuable.

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