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Thanks a lot for posting this video bshcom. It is a very nice system and very easy to follow. Unfortunately I don't think it look so nice and perfect with a forex chart as it look with stocks but still a very good system that can be test it with forex too. Those psar setting seems very good.
(It look so good with stock that I am just thinking to switch... just kidding )
I went thru his webinars and free videos posted on his site. All I can say is that he is a sleek marketeer and his system appears to be a dubious one. He claims natural flow of market, as shown by fractals, create 40-60 pips swings between fractals on 15m charts, and he uses candle reversals near fractals for entry to grab 20-30 pips off those swings. He uses hand-picked charts to make it look so easy. On 15m charts, most currencies do not create such large swings. He uses Stoch angles to filter entries, but those angles can appear only on hindsight, which amounts to curve fitting. When one is faced with an entry decision, there is no way to know or predict the angle of Stoch because it has not formed yet on the chart. So that is some filter! Essentially, he is simply enticing gullible newbies for his high-priced mentoring scam that does not offer any refund.
Completely agree with you, I also watched them. He is trying to deceive some people, in real live is not so perfect and easy as he is trying to promote it, not you can measure swing profits from the highest high to lowest low because fractals just don't work like that.
But I have to tell you, part of his system can be adjusted to renko system and you can turn it in a good strategy. For example, you can take a fractal signal as an entry ONLY if you take it in the direction of the trend (you will need a trend confirmation indicator for this) and exit at stochastic oversold/overbought area. You can not take every single fractal as an entry signal and trade from fractal reversal to fractal reversal as he is trying to promote in his video because that strategy will works only for short periods of time when price is ranging, but when the price trend you will get a lot of fake signals and all your profit will be gone.
When I see people marketing those kind of things, I just watch and listen, take what is good and the rest I just throw it in the garbage.
Im havin superb success using this, i also added a stochastic 8,3,3 to filter the direction on the 10pip renko fractal system.
Actually on gbpusd, just buy when the sfractal indicator alarm and sell when it alarm again, keep doing that all day and see how much u gain
Congrats on your success!
Are you using the system that's posted in your signature? If so, you're using the 10pip renko instead of the 25pip renko that you have listed in your signature? Correct?
Does you have an sfractal indicator with an email alert? Also, what SL are you using? Thanks in advance!
Are you using the system that's posted in your signature? If so, you're using the 10pip renko instead of the 25pip renko that you have listed in your signature? Correct?
Does you have an sfractal indicator with an email alert? Also, what SL are you using? Thanks in advance!
yes same system just using 10pip now instead of 25, 25is great but if you see a bull and a bear candle. that was like 50pip that could be made hehe.
no the sfractal doesnt have an e-mail alarm.
GBPUSD pair.
SL = 30
TP = 30-40pip normally or i let it run for 80-100+ if its news or trending.
And im using stochastic 8,3,3 to further filter entry and exit, for exit if the stochastic goes above 80 or below 20 is a good time to get the trades ass out of the market.
yes same system just using 10pip now instead of 25, 25is great but if you see a bull and a bear candle. that was like 50pip that could be made hehe.
no the sfractal doesnt have an e-mail alarm.
GBPUSD pair.
SL = 30
TP = 30-40pip normally or i let it run for 80-100+ if its news or trending.
And im using stochastic 8,3,3 to further filter entry and exit, for exit if the stochastic goes above 80 or below 20 is a good time to get the trades ass out of the market.
Cool!
On G/U, only trading the sfactal indicator gives you a good pip gain, really???
Also, is G/U the only pair you trading right now? How many pips are you gaining a week w/the new fractal system? TIA!
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