iCharts Discussions

[jo.jo]

hi guys..

here is a brief write up about trading nifty using fractals...
hope at least the dummies will find this usefull..
good luck 2 all
jo.jo

[rvg]

Thanks for the good examples of charts in the article.. will study the system and implement if I can

[tripathi_manu]

please find the picture attached.
manu

[vinst]

JoJO,
thanks for making a nice document with sufficient details. Method has similarity to "swing trading - the speculator way". Profit-booking element is new .

regards
vin

[swaroopbn]

Jo Jo,

You have a beautiful trading system.

Thanks for sharing the same with us.

You rock

Rgds,
SW

[shekharinvest]

JO JO

Very nice system indeed.

Thnx for posting in the forum.

You were long yesterday at 5358 with SL 5321.

Today, a down fractal was formed at 5326 did you raise your SL to 5326 and later on reversed your position on breach of 5326 with SL 5349.6 OR SL should be 5366.8 and carried the short position overnite, as the price has closed below 34EMA.

Can we call 5349.6 a Fractal ?

All the fractal are marked with blue horizontal line.



SHEKHAR

[sandew]

http://www.investopedia.com/articles/trading/06/Fractals.asp

This link from investopedia may be deleted if objected to by admin. (free education site)

[vinst]

[rocky1980]

Thanks for sharing this wonderful technique - actually i am huge fan of BILL WILLIAMS who has found this indicator - can u explain Alligator Osillator if possible it even works best with fractals.... thank you

[jo.jo]

hi shekhar / vin.....tks for the posts...here is my reply.

1) 5326 is NOT a down-fractal, as you need minimum two 30 minute bars to the right of the 1500hrs bar, with higher lows. You have only one bar there.

2) As regards 5349, Vin you are right. It is a Fractal, but in FTS we ignore it.

3) 5349 becomes tradeable only if we get a quick rally above 5349 with the 34 EMA remaining below 5349, at the point of break-out. Same is true abt 5338 Fractal now.

4) My longs got stopped out at 5321. I didnt short at 5321. Due to holidays and still unclear trend, I decided to stay on the sidelines. I placed a stop-sell-order at 5306, which was not filled.

5) In a sideways market, trend-following systems can frustrate you to no end. But you never know when the breakout is gonna happen and in which direction. So you take only affordable risks. If we dont get a breakdown here and now, odds of a triangle consolidation seems to be high...with eventual upside breakout.

6) In rangebound markets, i try to take day-trades and convert them to FTS trades, as and when fractals are taken out. Right now...5340/5315 are long/short entry points for me...while 5367/5307 remain the relevant fractals for the FTS system based trades.

Regards/jo.jo

[jo.jo]

hi rocky...

You have to excuse me, as both the Alligator as well as the Awesome Oscillator are not part of this simple FTS.

Regards/jo.jo

rocky1980
PostPosted: 14 Apr 2010 16:10 Post subject: Fractals
Thanks for sharing this wonderful technique - actually i am huge fan of BILL WILLIAMS who has found this indicator - can u explain Alligator Osillator if possible it even works best with fractals.... thank you

[shekharinvest]

JOJO & Vinst

Thnx for your response.

Hope ! I will be able to identify Fractals as they should be.


"Right now...5340/5315 are long/short entry points for me...while 5367/5307 remain the relevant fractals for the FTS system based trades."

JOJO I could not get you there. 5317 is a down fractal now, isn't it ? and below 34, for short 5315 be the entry point. Why 5307 still as per FTS ?

SHEKHAR

[jo.jo]

Hi Shekhar...sorry for the mixup...pl read it as ..
"5367/5317 remain the relevant fractals for the FTS system based trades."
jo.jo

[jo.jo]

Hi Guys...here is the pic of the last trade...Cheers..jo.jo

[shekharinvest]

JOJO

COOOOOL

The first half you closed on 5/13 crossover, why did you choose to close the final position ?

SHEKHAR