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Fractals are probably the most overused and least-understood concepts in trading. The word itself is a trigger. Some people hear it, and they think, ‘That's just New Age bullshit.’ Other people are true believers. First, what is a fractal? It's a concept based a simple idea: that there are patterns which repeat themselves both on a small scale and a large scale at the same time. Fractals are commonly found in nature. Things that seem random to a human eye often contain fractal patterns. An example you may have come across: the branches of a tree. If you study the pattern of the large branches — the way they break apart into smaller branches — you'll see that exact same pattern, in the exact same tree, within the smaller branches — the way they fork into little twigs. ” Why are fractals important in financial markets? Because markets operate on various time frames, simultaneously. Why does it matter? Because if you believe that the same patterns repeat on both a large scale and a small scale, then you can observe what has already happened in the large context, and predict what will happen in the smaller context. ”
Master data
WFSPIRITGF
10/15/2016
-
103.8