March 4, 2014

Day Trading with Fractal Price Patterns; SchoolOfTrade.com

In today’s video we take a look at Fractal Price Patterns and how you can use them in your every day trading to find patterns on any time frame you like looking at! These are VERY important to us as day traders and we need to be aware of what they are and how we can use them to bring us more profits!


“Fractals” are similar patterns which repeat themselves on various chart timeframes, and can be very powerful for all types of trading strategies.

Examples of Fractal Patterns are double-tops & bottoms, head-and-shoulders, pennants, flags, triangles, symmetry, and more.


Finding intra-day, short-term fractal patterns is very easy; even the most beginner trader can find these.


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Step 1: Find a pattern on a slow chart timeframe (anchor chart), such as a 60-minute chart.

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Step 2: Determine the trend of the anchor chart


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Step 3: Find the same pattern on a ‘fractal’ of that time frame (entry chart), such as a 15-minute chart, that also follows the same trend direction.


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Step 4: enter the trade with a simple confirmation trigger using the pattern on the entry chart, and manage the position properly with a stop-loss to protect the trade and a profit target to lock-up your profit on the trade.

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THANKS FOR WATCHING!

Please share this with a friend, post questions as comments below the video, and remember to ‘join’ our Newsletter so you always get the newest day trading videos when they are released!

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