It has been two years since I last commented about Fractals. So this is an acknowledgement to Forex Factory. The normal tenacity is to avoid
getting into the fracases by Benoit Mandebrot. It doesn't belong in the
realm of "Keep It Simple...Stupid". The term "Fractal" has never been
defined even by Mandelbrot who is considered to be the "Father of Fractal
Geometry". If you really want to gain knowledge in this Fractal hypothesis
then purchase Edgar E. Peters, "Fractal Market Analysis".
To ivob: If it works for you...stay with it. This is only a suggestion...
but use just the one minute time frame. Just remember this: The only
truth is the 'tick' (pip). The 'tick' appears in all the 'time frames'. By just
using the one minute time frame...you can count back your 5 minute, and
your 15 minute and get in the whole Kabukis including your 'tick' with its
location and relationship. Again...count back on the 1 minute time frame
for any of the other time frame. You have the 'tick' in the bargain as well.
ciao,
Tony
getting into the fracases by Benoit Mandebrot. It doesn't belong in the
realm of "Keep It Simple...Stupid". The term "Fractal" has never been
defined even by Mandelbrot who is considered to be the "Father of Fractal
Geometry". If you really want to gain knowledge in this Fractal hypothesis
then purchase Edgar E. Peters, "Fractal Market Analysis".
To ivob: If it works for you...stay with it. This is only a suggestion...
but use just the one minute time frame. Just remember this: The only
truth is the 'tick' (pip). The 'tick' appears in all the 'time frames'. By just
using the one minute time frame...you can count back your 5 minute, and
your 15 minute and get in the whole Kabukis including your 'tick' with its
location and relationship. Again...count back on the 1 minute time frame
for any of the other time frame. You have the 'tick' in the bargain as well.
ciao,
Tony