IgazI wrote:Leoheart wrote:https://www.metatrader5.com/en/terminal/help/indicators/bw_indicators/fractals/:
"A Fractal is one of five indicators of Bill Williams’ trading system, which allows to detect the bottom or the top. Technical definition of the upwards fractal is a series of at least five successive bars, with the
highest HIGH in the middle, and two lower HIGHs on both sides. The reversing set is a series of at least five successive bars, with the lowest LOW in the middle, and two higher LOWs on both sides, which correlates to the sell fractal. The fractals have High and Low values and are indicated with the up and down arrows in a chart."
Say what? I Will not tolerate such rude behavior!
Yeah, as I said received a call yesterday from Female Ursula. She is so done hanging with corny two-dimensional traders. Its always "Ya look at my Lamborghini go YA.. you like my chart..YAA. She feels like she can do better than these dorks. So Female is going to take a crack at trading!
She mentioned you Igazi. She feels like your abit psychotic & eccentric like herself, and so learning from you should be a good starting point. She also liked what you showed her at the traders ball.
I am telling you man, this girl is a beast. She already knows the fundamental 'down pat'. I do recall Female voicing one concern. She has a very busy schedule and only time to look at the charts a few times a day. Being at the 4hr and daily opens will work for her. She won't able to analyze much (as mentioned) due to time constraints. Just see what needs to be done, putting in the order and be out until atleast the next open.
How should we approach this? What do we tell Female? Come guys, Lets cookie cutter this b$$%# for FU.....

sorry I couldn't resist.
My life experience is that people act interested before asking you to do it for them
"If you don't see it, you can't trade it" -TRO : you can't be taught, you have to come to the same conclusions or you have to find your own path.
There is no disadvantage to using OPEN prices for your fractal points and a number of clear advantages:
1. you have your answer as soon as a new candle forms; highs, lows, and closes/price can change but the open is fixed.
2. you only have to wait for 4 closed candles instead of 5.
3. it gives tighter entry signals
Following along that same vein you might use the opens, of the lower charts, over the fractals as entries as:
1. there has to be a BO before price can open lower than the fractal
2. any fractal based on lows is going to be at a lower price anyway
3. you can trade at a specific time rather than the random time of whenever price decides to break out.
4. if you know what the fractal price is then you can do the rest of your trading from your phone.
5. in general, the closes have to trend lower in order for price to reach lower lows.
6. it is up to the hands of fate to decide what happens to your trade after it is placed so why not.
Which lower chart? I have no idea.
Blue: Hey man I respect your position. There are no worries, all peace and love.
Trading is life & life is trading:
Lets see what happens when a couple of good old friends go out for dinner to catch up on old times. All chit,chat and then its time to order the meal. F1 orders his typical Top Sirloin, and F2 orders Fried Octopus balls.
F1=Sirloin, F2=Fried Octopus balls (these are global variables..pulled a fast one on you coders..HA!)
F1: Hey man Fried Octopus balls? I remember I tried this dish in the past, it didn't go down as well as I expected.
F2: Hmmm, You know what bud, Its time switch it up I am tired of usual.
F1: Favor enough
The meals arrive...
F1: I have to admit those Octopus balls look and smell different then what I remember, how are they?
F2: MMMM, so delicious Crunchy on the outside and smooth and soft inside. This sauce is amazing, it enhances the flavor tremendously!
F1: Interesting..a moment of silence...hey F2 I normally stick my usual at this restaurant but man you really look like you're enjoying a mouthful of balls. Is it cool if I try some, I just want to see if I experience the same as you.
F2: Sure man, here you go.
F1: Wow not bad, I think this place switched up the recipe. (To himself) Maybe its worth ordering Octopus balls after all.
Trading is life, life is trading
Of all things this made my day: Bill Williams, Always admired the man for being a psychology Beast, but man this:
Fractal: "highest HIGH in the middle, and two lower HIGHs on both sides." I envy this sort of Creative genius!!ROFLMAO