Trading strategy with fractals – Chuvashov’s fork

For this strategy I build fractals (local minimums and maximums). After constructing them I place a trend line through two successive fractals, then from the second fractal I construct a second trend line to the third fractal, which is slightly higher than the previous two (as pictured).

When the price crosses the trend line that I have built, I open a short position (depending on the trend and trend lines built) as shown in the image. This strategy can be used for both short positions and long positions. Figure 1 shows the point to open a short position, while Figure 2 shows the point to open a long position. When trading binary options the corresponding frame have to be selected.

Figure 1

Figure 2

This Trading Strategy is provided by Dimitar Petkov

 

The charts and strategies in this article do not comprise any form of advice or recommendations by ActionBinary.com to buy, sell (or refraining from making) any trade or investment. It is recommended that you seek independent advice before entering into transactions.

 

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