Hi Elefteros, although fractals seem to give a good entry when a retrace occurs it is proving difficult to wait for this to happen when the price just runs away! Although I do agree with you that patiently waiting for a retrace would be a very good entry.
I've been trying a few things over the...
Hi Eleftros, I was really interested to see how that trade would work out as looking at it last night neither the 4h or daily had given a confirmed sniper entry (signal plus both trend indicators also the same colour) if fact the 4h would have indicated short on 4am candle and the 1hr would have...
Keep it up Elefteros, this journal is a great idea. Are you still waiting for any form of retrace after the initial signal or just going for it regardless? Are you using the sniper stops too- I've found them to be quite large on 4h but they are good at keeping you well in the move if you can sit...
Hi Wildpips,
Looked like a good trade yesterday. I have heard a little about Wiseman setups using Bill Williams' Chaos system, do you incorporate fractals into your setup? If so, do you find them useful as an entry method?
Wildpips, looking at the 5am sniper chart I presume that you didn't enter long because the AO remained negative and 4H chart was also very negative? I think using the extra indicator/ 3 ducks to confirm really helps to catch the longer moves but using the system without any extras is often good...