Apply the indicator to the chart, and the software will highlight all the patterns. Exit Oreder : Target Profit recommended or exit on support or resistance. If there is a fractal up it is a sale, in case of the lower fractal there is a purchase. the chart below shows this in action. Other exits methods could also be used, such as profit targets or a trailing stop loss. (For more, see: Fundamentals of Fractal Markets Theory. The French economist and the mathematician, the creator of fractal geometry Benoit Mandelbrot was the first person who had paid attention to the repeating price formations.
The Fractal Trading Strategy uses both Williams Fractals and Alligator Indicator. This Trading strategy shows you the best fractal trading techniques.
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For these purposes a standard package of any trade platform includes the Fractals indicator. If looking for bearish fractals to trade in a larger downtrend, look for up fractal arrows. Long Trades 1) Price trades above the 50 EMA. This may vary by trader, but say a trader prefers to take long trades, during a larger uptrend, when the price pulls back to the.8 retracement level. Sometimes the expectation of the moment when the correct fractal is created, leads to the omission of the good point of entry. The longer the time period of the chart, the more reliable the reversal.
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