how to spot ascending triangle before breakout?

HawaiianIceberg said:
Aloha schizo,
No.
Anxiously awaiting your response

mahalo!
Mark
More...
Take another look. It ain't that hard. Really. :)
(Hint: everything in the market is about symmetry. Well, almost all.)

BTW did you post a follow up to your multi-time fractal exercise?
 
any pointers on spotting the triangle formation before breakout?
When i watch ross cameron fous they seem to enter right before the yellow line breakout. And even though they trade different timeframes they both seem to enter at the exact same spot.(did they both have same mentor or something?)
Which ia what im attempting to replicate.

But
im aware that they are also good at cutting losses and will exit when the trend collapses without hesitation more often than not.

But they dont really go in detail about how they are able to spot these formations early enough.
 
This is one scenario.

upload_2024-7-12_14-55-44.png



When to enter?

If I miss the first entry, and
if I manage to catch the 2nd entry, I will enter with a reduced quantity.
 
It is a matter of looking at charts. Roku first triangle looks like a bear flag, the anticipated move is another leg down. 2nd triangle forms at the closing of a gap which can be somewhat bullish. I want to see at least 4 hours for the triangle to form - that adds more fuel to a larger breakout.

The whole idea of taking trades from chart patterns is not to have a high win rate but to take smaller risk to make larger gains.

upload_2024-7-12_3-11-25.png
 
Last edited:
schizo said:
Take another look. It ain't that hard. Really. :)
(Hint: everything in the market is about symmetry. Well, almost all.)

BTW did you post a follow up to your multi-time fractal exercise?
More...

Nothing new for that right now.
Highlights of the thread:
  • Possible explanation why 11:00-1:00 is slow: fewer time frames aligning
  • 12:00 am and 12:00 pm are the most "important times" (obvious conclusion), meaning they had the most eyes on the close of that bar.
  • @Sprout 's analysis and visualization on Time of day for HOD and LODs (14:25 has the greatest occurrences of posting a daily H/L
  • @Sprout 's idea of stringing together price cases and the observation of the market being balanced with 1/3 of the time trending up, 1/3 down, and 1/3 sideways


As far as your dotted line.. I'm guessing it's from the swing high of the 28th to the low of the first pullback following it. Commonly referred to as "the gap" which remains open for this entire plot. I have never seen a diagonal line drawn relating to this gap (assuming my explanation for your line is correct).

Mahalo!
 
schizo said:
Take another look. It ain't that hard. Really. :)
(Hint: everything in the market is about symmetry. Well, almost all.)

BTW did you post a follow up to your multi-time fractal exercise?
More...

I've started using micro soft's copilot a lot lately. it's OK at this sort of thing right now but usually has errors as the response drags on..


Me:
summarize the thread: "fractal nesting based on multiple timeframes" from the site: elitetrader.com. make sure to look at every page of the thread for the summary you're making


Copilot:
The thread “Fractal Nesting Based on Multiple Timeframes” on Elite Trader, started by HawaiianIceberg, discusses the concept of using nested fractals in trading by analyzing multiple timeframes. Here are the key points from the discussion:

Introduction to Fractal Nesting:
HawaiianIceberg introduces the idea of nested fractals inspired by a post from another user, Sprout. The discussion revolves around how different timeframes can align and create significant trading signals1.
  • Visualization and Analysis:
    • Various visualizations are shared, including heat maps and tables that show the alignment of fractal lengths (from 1 minute to 60 minutes) with different times of the day. These visualizations help identify key nodes where multiple timeframes converge1.
    • Sprout shares a sunburst visualization to show the occurrences of daily highs and lows at different times of the day2.
  • Practical Application:
    • Users discuss practical applications of these concepts, such as using multiple timeframe (MTF) candles in TradingView. They also explore the statistical significance of certain times of the day for posting daily highs and lows2.
    • The thread includes discussions on how to implement these ideas in trading strategies, with users sharing their experiences and tools2.
  • Community Interaction:
    • The thread is interactive, with users asking questions, sharing insights, and providing feedback on the visualizations and concepts presented. This collaborative approach helps refine the ideas and make them more applicable to real-world trading23.
Overall, the thread provides a detailed exploration of how nested fractals and multiple timeframes can be used to enhance trading strategies, supported by visual tools and community insights.

Is there a specific aspect of this topic you’d like to dive deeper into?


Sorry to temporarily derail the thread. Done
 
HawaiianIceberg said:
As far as your dotted line.. I'm guessing it's from the swing high of the 28th to the low of the first pullback following it. Commonly referred to as "the gap" which remains open for this entire plot. I have never seen a diagonal line drawn relating to this gap (assuming my explanation for your line is correct).
More...
Nah, it's even simpler than that. That said, it's never so simple as this while you're in the trade. Hence why I prefaced it with "with the benefit of hindsight". So take it with a grain of salt. :)

upload_2024-7-12_13-2-42.png
 
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