Recently I came across an interesting indicator. The hypothesis behind this indicator is that the structure of the market repeats and reflects itself. One of such examples of repeating structure can be Eliot Waves structure.
Have you ever tried to base your trading on Eliot waves? If you are not an expert in Eliot waves probably [...]
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There is a great tool in Metatrader 4 toolbox that can help you to plot the channel the right way. This tool is called Channel of Linear Regression. Why do I like this tool? Because it will always plot the same channel between tow points on the same time span. First of all fractal is a geometric shape. I think no one will argue that price charts usually form different shapes that very often repeat themselves. According to Bill Williams, fractal in a trading chart consists of at least five bars. They form the minimum and maximum of the price around which fractal forms. any trading system has zero math expectancy. That means if you had a loosing system you could invert it (buy instead of selling and sell instead of buying) and you have profitable system. However spread plays a big part in making harder for a system to be profitable. Head and Shoulder is a trading chart pattern that is used in technical analysis. It forms at the top of the ascending trend. Head and Shoulders is a strong signal about trend reversal. On the other hand the reverse “Head and Shoulders” forms at the bottom of descending trend signaling soon to become up trend. |
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