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  1. #1
    Solid Member Zanadu's Avatar

    Clarification On Fractal Guru Strategy !!!

    Hi Bogdan,

    I am going through the BOTS school lessons step by step and joined in the Primary School !!!

    First, can I post my doubts on those subject here ? If not where ?

    I could not understand the following sentence expecially the highlighted words. Could you
    kindly clarify them. (your article dd 10.01.13)

    ...... the Fractal is a 5 candle formation so until the fifth candle is not closed, the arrow can disappear.
    Any trade will be entered on the opening of the third candle after the one where the Fractal appeared.

    What is the meaning of the candle is closed/opened ?
    On the picture the fractal (its the grey arrow ?)
    appeared on the 3rd candle. But when you say any trade will be entered on
    the opening (?) of the third candle after the one where Fractal appeared ?
    You mean the trade is opened on the 4th candle ?

    Another thing we would notice the 5 candle formation only after it is formed. Right ?
    So how we can open a trade when the candles are still in formation.

    I might sound very stupid, because I have not even started VIEWING the charts yet
    on real time. So Please excuse me.

    Would appreciate if you could shed some light on this point.

  2. #2
    Specialist Member marc's Avatar
    If I may give a short answer in substitution for Bogdan ...

    1 – 2 – [fractal] – 4 – 5 – 6

    the third candle AFTER the candle with the fractal ... is candle #6

    and about open/close of a candle ... each candle has a 'duration' depending on the timefrime of the charts you are looking ... so, on 15 minute timeframe a candle takes from open to close 15 minutes ...

    And during this 15 minutes the candle will go up ... or down ... or doesn't move at all ... you simply cannot tell until the time is over and the candle is 'closed' ... and immediatly after that, the next candle will 'open'

    And as the fractal is a 5 candle formation, the 5th candle has to be closed for the fractal to be valid

  3. #3
    Master Member Bogdan G's Avatar
    Quote Originally Posted by Zanadu View Post
    Hi Bogdan,

    I am going through the BOTS school lessons step by step and joined in the Primary School !!!

    First, can I post my doubts on those subject here ? If not where ?

    I could not understand the following sentence expecially the highlighted words. Could you
    kindly clarify them. (your article dd 10.01.13)

    ...... the Fractal is a 5 candle formation so until the fifth candle is not closed, the arrow can disappear.
    Any trade will be entered on the opening of the third candle after the one where the Fractal appeared.

    What is the meaning of the candle is closed/opened ?
    On the picture the fractal (its the grey arrow ?)
    appeared on the 3rd candle. But when you say any trade will be entered on
    the opening (?) of the third candle after the one where Fractal appeared ?
    You mean the trade is opened on the 4th candle ?

    Another thing we would notice the 5 candle formation only after it is formed. Right ?
    So how we can open a trade when the candles are still in formation.

    I might sound very stupid, because I have not even started VIEWING the charts yet
    on real time. So Please excuse me.

    Would appreciate if you could shed some light on this point.
    Morning (at least in my country )
    Yep, this is a good place to ask questions and talk about any strategy.
    Marc did a great job at explaining what I meant by a 5 candle formation, open, close and third candle after the fractal.
    The Fractal Guru strategy is too complicated if you are new to trading and if you haven't started to look at charts in real time yet, it's even more complicated. In fact, this fractal guru strat is not one that i recommend at all.

    Once you start looking at the charts in real time, you will see exactly what I and Marc meant about the fractals and how they appear.
    I dont have anything to add to what he said, but please ask if it's not clear.
    All the best

  4. #4
    Master Member Bogdan G's Avatar
    Quote Originally Posted by marc View Post
    If I may give a short answer in substitution for Bogdan ...

    1 – 2 – [fractal] – 4 – 5 – 6

    the third candle AFTER the candle with the fractal ... is candle #6

    and about open/close of a candle ... each candle has a 'duration' depending on the timefrime of the charts you are looking ... so, on 15 minute timeframe a candle takes from open to close 15 minutes ...

    And during this 15 minutes the candle will go up ... or down ... or doesn't move at all ... you simply cannot tell until the time is over and the candle is 'closed' ... and immediatly after that, the next candle will 'open'

    And as the fractal is a 5 candle formation, the 5th candle has to be closed for the fractal to be valid
    GREAT! Thank you very much for answering it in such a clear way.

  5. #5
    Solid Member Zanadu's Avatar
    Thank you marc and Bogdan,

    It was very clear.

    I might come up with more ?s when I progress through with my lessons ?

    The reason I tried to read this subject is, while I was reading the 1st lesson in the
    primary school, I found a link leading to this article. So I thought it would be better
    to go to the article and to be clear, before continuing with the lessons. Later I noticed
    a tag on top of the article which says its for "Experts"

    Now I am a big Zero on financial charts.

    Could someone tell me which chart I have to start learn (while I am progressing
    with my classes)as a beginner ? And where I can download such a chart free ?

  6. #6
    Specialist Member marc's Avatar
    Zanadu,

    actually it doesn't matter, which chart you use for learning ... but I would choose a chart/asset you want to trade in future like e.g. EURUSD or whatever

    There are sites where you can see real-time charts, like freestockcharts.com (needs Quicksilver browser plugin) or investing.com (needs Flash-plugin) ... on both sites you don't even have to register ... both sites are good, and many people use them for trading

    So maybe just for learning in the first days it's sufficient ... however, my advice would be to use the program Metatrader 4 for your charts and analysis in future ...

    And for that open an demo-account at a forex broker (like e.g. OANDA, Alpari ... or just use Google "forex demo account") ... somewhere on the brokers website you will find a link to install "Metatrader 4" app ... and after signing up you will get an email with a login/pass for your demo account ... install MT4 and login

    [while opening the first time, a window may pop up, where you will be asked name, address, telephone etc ... skip that ... only your account number and password is necessary!]

    MT4 is free and you can download it literally 'everywhere' ... but without an forex-account you can't see real-time charts

    If you managed all that, and see real-time charts just click your way through the program ... or just ask again
    Last edited by marc; 11-02-2013 at 05:42 PM.

  7. #7
    Specialist Member marc's Avatar
    Quote Originally Posted by Bogdan G View Post
    GREAT! Thank you very much for answering it in such a clear way.
    Never mind ... I just try to carry the torch of enlightment further, which I found here at BOTS ...

  8. #8
    Solid Member Zanadu's Avatar
    Hi Marc,

    I have finally downloaded Metatrader 4 from Markets.com and everyday spending few minutes starring at the nice designs it makes

    Any advise someone could provide to read and learn this tool. Forgive me if I sound stupid !

  9. #9
    Solid Member Zanadu's Avatar
    And the prices shown there are the real market prices ?

  10. #10
    Master Member Bogdan G's Avatar
    I will start a thread about MT4 and how to use it.

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