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Don4

Market Wizard
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Posts posted by Don4

  1. Posted

    I think that one picture you posted with the comparison between the two different entries cleared up what your are doing quite a bit, initially I was confused.

     

    I see I was way off on what I thought a fractal was though, and I still dont get it. I thoguht the fractal was basically seeing when a 'pivot' was formed. But don't worry about it, I will figure out what they are as you continue to post your charts.

     

    I see you had a 15m candle overlay on your 5 minute chart. Your entries are based soley on the 5min chart though right?

     

    No, that was 5m overlay on a 1 minute chart. I would highly recommend everyone to open up a MT4 account even if they dont trade it. And watch price the way it moves between the overlay and the real chart!!

  2. Posted

    "That LH after the double top is a beautiful setup...Risk less than reward...slight pullback after a pretty powerful drop. Hindsight gives you the ability to say that it was not where you would have considered a LH...even though it clearly was..."

     

     

    I am only here to help with what I know, I will not argue with anybody. But it doesnt add up with my entry rules. So no I would not have taken that trade. Does that make me right and Gabe and you wrong. No, because Gabe was right and I was wrong. But I still wouldnt have entered the trade.

     

    eurjpy.jpg.c195badab6666b176dff660e21b86057.jpg

  3. Posted

    Don,

     

    We've all seen fractals/3bar entries used before.

     

    I've never figured out when to take them. How are you selected your entries? Are they based on general S/R?

     

    Or like in the picture you posted, the first entry all the way on the left, are you anticipating what could be the LH and an entry based on that?

     

    I personally use 5 bars because fractals cant become fractals on 3 bars alone. But I can see where you get 3 bar entries. But I use 5.

    Yes, I believe that S/R on is the same as fractals and fractals is the same as S/R.

    Yes that is exactly what I do.

    I know it is confusing because it is confusing to explain.

     

    eurusd1.thumb.jpg.8d24d10906cf451f1b9dae96d4e2735c.jpg

  10. Posted

    Make The Fractal Your Friend

    This could be what Don is refering to except that it seems that he is anticipating the reversal rather than waiting to confirm it.

     

    Gabe

    Gabe you are correct.

     

    Midnight I noticed this a while back too, so now I only trade 1 pair. But I think it could be traded on anything across the board. With some exceptions .This is a picture I sent to a friend. Notice in red is how I get my lines and blue is how I would enter a trade like Gabe said I anticipate the reversal through fractals or support and resistance. Brownsfan has already posted this system I guess he noticed the same thing. Friend.thumb.jpg.78bf48084411e7df6e79212f764008cc.jpg

  19. Posted

    Two things, Don4 ...

     

    1) Here is my look at the current EURUSD. I have this showing a possible short, but this could easily switch to a long. In the end, nothing seems to be swinging tonight, and I'm happy just to go to bed early and see what tomorrow brings. And,

     

    2) My daughter finds your avatar creepy, and I have to say, so do I. Nothing personal, but for now I will be putting you on ignore. You are free to post here, of course, and you are free to keep your avatar. If you change the avatar, I'll take you off ignore. But my daughter is here with me a good bit, so I have to do what I have to do.

     

    Thank you for sharing with us.

     

    Best Wishes,

     

    Thales

     

    For you and your daughter I will change it.

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