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Nesting Fractals
- Thread starter rainman2
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PL here is an example of closing the gap between yesterday 4:15 bar and todays 9:30 bar.
Gap is closed by shifting the previous days close to the current days open. All bars previous to the open of today are also shifted to keep their movement pattern.
You can see that the sequences of the previous day just continue on into the open of today and throughout the day.
Sequences are just the orderly assembling of a channel, traverse or what you are building at the time.
shifted code donated by Tams can be found on the web under ' Shifted '
Gap is closed by shifting the previous days close to the current days open. All bars previous to the open of today are also shifted to keep their movement pattern.
You can see that the sequences of the previous day just continue on into the open of today and throughout the day.
Sequences are just the orderly assembling of a channel, traverse or what you are building at the time.
shifted code donated by Tams can be found on the web under ' Shifted '
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Quote from rainman2:
I, among others consider regular trading hours its own fractal. Think about it, when are 99+% of all trades taking place ?
I use volume bars to track overnight trades and levels.
I understand what you are saying but try solving any problem using 99% of the necessary information and let me know how that works out for you.
If the overnight data of the chart you are watching makes a new high, a new low or any critical oscillation, by omitting it you are artificially skewing your information set to totally work again your decision making process.
What you are doing is not done or even considered in any problem solving situation so why do traders think it is acceptable to apply this practice to technical analysis?
Quote from ProfLogic:
I understand what you are saying but try solving any problem using 99% of the necessary information and let me know how that works out for you.
If the overnight data of the chart you are watching makes a new high, a new low or any critical oscillation, by omitting it you are artificially skewing your information set to totally work again your decision making process.
What you are doing is not done or even considered in any problem solving situation so why do traders think it is acceptable to apply this practice to technical analysis?
Unfortunately, you have set limits on your definition of fractals. To each his/her own I suppose.
Quote from rainman2:
Unfortunately, you have set limits on your definition of fractals. To each his/her own I suppose.
Accuracy and safety in your ability to make profits should not have fixed limits. Using all of the data will increase the safety of your trades . . . period. This comes from, going on 7 years of research into this specific point.
I'm just trying to improve your profit potential and decrease your risk.
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