I have just made a new video which describes a little about how one can use fractals to help define support and resistance levels and trading them as breakouts. A thread has been started over at the Binary Options Edge site which can be found here http://www.binaryoptionsedge.com/index.php?/topic/226-fractals-support-resistance-strategy-video/#entry2955

Here is the video

8 Responses to “Drawing Support and Resistance Levels Using Fractals (Video)”

  1. avatar
    Johnjoe - February 4th, 2014 at 11:18 AM

    Hi David, great video as usual. I have one question though. This is quite a different strategy to your last support/resistance video as you are not waiting for the chart to retrace and break the s/r line for the second time before placing your bet. Is there a reason for this? Do you find it is as effective as your other method? It certainly seems that there would be a lot more trades available using this method. Your help is always greatly appreciated:)

  2. avatar
    David - February 4th, 2014 at 11:41 AM

    Hi John, thanks for the comments. This is definitely a little different type of method than the other S&R video. I’m really just trying to inspire some new ideas as I know some people were having issues finding the other S&R levels.

    Really though, both methods are effective it’s just finding what you feel most comfortable with. There are so many possible setups with all of price action it can get overwhelming. So this I hope is another more specific “here’s exactly what you do” strategy.

  3. avatar
    Johnjoe - February 4th, 2014 at 8:10 PM

    Thanks for the reply. Would you always recommend waiting for the candle to close below/above the line before placing your bid? If the candle was to shoot down way past the line, as often seems to happen, would you still place a put at the close of the candle? My fear is always that there will be a significant retracement after such a drop. Very often there isn’t but I’m finding that I’m a bit too cautious. I’ll just have to be brave!!

  4. avatar
    Tripack - February 5th, 2014 at 7:41 AM

    Very valid strategy (especially bins) and well explained.

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    rustyh6281 - February 26th, 2014 at 4:22 AM

    why am i getting 100’s of Fractal arrows?? i only see a few on your video?!

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