Quote from CrescitEundo:
"The point is this: I want you to be in fractal heaven. I am getting you to a place where you can dicern what fractal to be on by looking at the performance of the indicators signals we use to make money."
I have had this question for a couple days. When you talk about using different fractals you regularly use the same ones, 1,(3), 5, 15, 30 etc. It was very kewl to see that a iceberg on the 5 min could be a rocket on the 15... I recognize the need for simplicity and keeping everyone in the same place but i was wondering;
are these simply the fractals that work best, and they are sort of a 'perminant' gift, or at times is there a different optimizal fractal in between. what I mean is this once you have a trend channel, when you bounce of the right side it occurs at the 80-20 stoc if you are on the right fractal. couldn't you search for the right fractal that put these two things in line and then get a 'cleaner' signals from this?
thanks again
I use seven fractals. They are spaced roughly as multiples.
I determined what I use as a trade off between making money (personal performance) and the potential yield of the market on that fractal. I figure the market yield from getting signals and stuff.
there is an excel spread sheet I made up partly to let people play with their efficiency and the market efficiency to see breakevens relative to the potential.
The fractals are the columns and the rows show diferent periods of examination like days, weeks, months, quarters, and years.
There is also a leaning aspect to things to consider as you point out.
Use the daily on the ES03U. Set up the channel. You see that one hold is up about 150 points. This is in a way a guide to performance for the two quarters.
Go to the 5 min and see four channels that got 19 points to day. It is a line on the daily. the line is shorter than the 19 points.
You can make a coeficient for any fractal's H/L range to get a possible yield in points. The coefficient is above 1.00
I use 5 min and 1 min for expert trading on futures indexes.
I use 30 min and 5 min on equities except for analysis; there I use dailies in several web sites.
I am efficient in both places and I am able to realize most of the potential of the market.
I believe it is difficult for people to intuit the compound interest formula output. If you look at the trade off of more cycles vs more profit, you are optimizing by using a minimization technique against a maximization technique. This is not just something that intuition gives you the answers.
