Thread: The Fractal Approach to S plus R

Hello Guys,
I have been an enthusiastic reader ofnigeriaforextradingfor quite some time and have got a lot of benefit from the numerous very good traders that find the time to post . Thanks particularly to NowandLater and for the Peter Crowns threads.
So I thought I would attempt to post a trading system I have been using successfully for approximately 18 months.
I'll start off by explaining my filter for direction that I use when setting up to the next days session (I trade the UK/EURO session mainly ).
The first thing I do is assess market flow using the 4h chart. I'll use charts in the EUR/USD commerce I took yesterday first.
Have a peek at the chart and you'll see the final high fractal (marked by an A) was broken higher on Mondays session.

This had it nice overlap between fib, fractal and pivot but price is below and market flow was up. It was such a good confluence and it was my favorite (cable) so that I kept an eye on it.
I drew a line o the final low fractal, where price needed to break to modify market flow . It seemed like a long short to go all of the way down there then come back for my entry but I did it anyway cos I am a bit of a screen junky.

After I plot all of the daily, weekly and monthly pivot points. This is where it starts getting really messy. All I am searching for is an area in which a pivot and a fractal match up. Since I do most of the before midnight GMT that I might have to wait for the next day to find daily pivot (rather the fundamental ) and that is what happened in the instance but I needed to give one that was as current as you can.

OK.

So, how do you trade off so many lines???

I did not loe some of the pivots and fractals lining up in this point but it does not indie that there wont be a daily show up the following moment. So, since the chart is really messy I took off all the fractal lines which were too far away from price and switch into the 30 minute to take a look at fibs. I use the 30 minute since I want to observe the high and the low in the preceding day to draw my fibs. I figure that I could do it in the daily chart but I use the 30M for simplicity. You'll observe that in this point I'd notice a confluence of the fractal which was the high of a week and the 38% fib.

Then I let the day unfold and reveal where the daily pivots were. You can now understand that the central daily trickle lined up almost exactly with the same area in which the fractal and 38% fib were.

I have my entrance I utilize a 50 pip stop and use the 127 fib extension for my own profit. I do so every time.

As you can see the news helped a bit but my entrance and profit were fine

I have a few moe illuions and would like to post them until I answer any queries. But please don't hesitate to post tham and I'll attempt to be prompt.
Thanks.

Here is one I took on the Aussie dollar a few weeks ago. I'm using this case as I have it logged and the daily and weekly have, of course, because changed. But I took these screen shots as it was unfolding.
You can see from this 4H chart the last minute to be busted was a low fractal. This means market flow is down so I'm just looking for short trades throughout the upcoming session