I found about fractals and started using a fractal indicator that draws horizontal lines at the last high and low fractals.
The idea is to enter a trade when the previous high or low fractal has been broken. I’ve been demoing for a while and it seems to work pretty good but I was wondering if anyone has tried trading like this before and what their experiences were with it.
See if you can get your hands on Bill Williams’s book called Trading Chaos,
there’s a whole chapter on fractals and take note of a indicator called Market Facilitation Index.
I’m also new to the whole trading fractals technique but it’s been a profitable experience so far:cool: