Forex trading strategy #13 (The Fractal Guru Strategy)

user you seem to now the game so 20 pips a day will keep the bills away

The only ones making profits on it, is the mafia (brokers, banks, and forex systems vendors), i am tired in loosing in this financial jungle. i am in bankruptcy, with high credit cards debits

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.

Regards,
Edward

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?

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. In fact, as you said you can launch the search for a fractal as soon as you see a cross between DI lines.

Best regards,
Edward

hi, I'm a newbie trader and analyzing your strategy with metatrader, i find it very helpful, Thank you so much for the fractal strategy.

However, I have question:
I noticed in a 30 min time frame of eur/usd recently, in a strong downtrend, it seems there's no arrow up fractal that appears, what should be my point of entry?

Is it okey if I immediately enter when a cross happens between -DI and +DI?

What is your advised time frame?

thank you in advance.
Melchor
melchor.olivoii[at]gmail.com

any results yet?

Very good strategy, I will try and tell the result. Thank you

thanks navin,