Forex fractals explained
Warm Regards, Navin Prithyani Average Directional Movement Index - ADX Settings: ADX Indicator or Average Directional Movement Index gives you a reading of how strong the market is trending. We will use this to our favor and combine it with Fractal Indicator to pick a high probability trade.
These indicators can be found by default in your indicators list on your Metatrader 4 platform. Fractals show peaks and dips. To explain it easier, a Up Arrow Fractal forms when there is a lower high on both sides of a candle. A Down Arrow Fractal forms when there are higher lows on both sides of the candle. Please note that fractals will only form when the candle closes with the given criteria of high lows or lower highs on both sides. When the ADX is trending by seeing the blue line rising steadily, we look for Fractals to jump in the trend.
We do not take all Fractals, only the ones with tails pointing to the Fractal.
Let me explain this in a bit more detail and as simple as possible with some examples. I will also be posting a video tutorial with this to help understand this method. Long Position Example 1: Long Position Example 2: However, I have question: In case of absence of the required fractal when market rapidly advances, I think it might be a good idea to switch one time frame lower in order to capture a required fractal there.
In fact, as you said you can launch the search for a fractal as soon as you see a cross between DI lines.
Hi, Im trying this out. What do you mean when you say candle is pointing, does this mean that only one side has a shadow, or is it ok if the candle has shadows both on top and the bottom? It is ok for a candle to have both upper and lower shadows, as long as the one that points at the fractal is, roughly, at least two-three times longer than the opposite shadow. Just don't try to calculate it up to the pip, if a shadow doesn't seem to be long enough, simply skip it and wait for a better one.
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‘Fractals Uindicator Explained’ Articles at Forex Ultra – best resource for your Trading Career
Who's online There are currently 12 users online. Submitted by User on June 4, - Hello Edward - Here is another strategy your viewers may like.
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Warm Regards, Navin Prithyani Time Frame: Understanding The Fractal Guru Strategy When the ADX is trending by seeing the blue line rising steadily, we look for Fractals to jump in the trend.
Long Buy Positions Using The Fractal Guru Strategy - On the ADX, the dotted green should be above dotted red and the solid blue line should be steadily rising - Look for a Candlestick with a tail pointing to a Down Arrow Fractal - When you see this Down Arrow Fractal, enter Long.
Short Sell Positions Using The Fractal Guru Strategy - On the ADX, the dotted red line should be above dotted green line and the solid blue line should be steadily rising - Look for a Candlestick with a tail pointing to a Up Arrow Fractal - When you see this Up Arrow Fractal, enter Short.
Very good strategy, I will. What is your advised time frame? Hi Melchor, In case of. Hi Melchor, In case of absence of the required fractal when market rapidly advances, I think it might be a good idea to switch one time frame lower in order to capture a required fractal there.
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It is ok for a candle to. The only ones making profits. DailyFX Dukascopy Saxobank InstaForex FSR Forum. Free e-books Currency Index Forex bonus Video course.
How To Double The Account In 1 Day? Home Forex trading strategy 13 The Fractal Guru Strategy Submitted by User on June 4, - Very good strategy, I will try and tell the result. DailyFX Dukascopy Saxobank InstaForex.