Dislikedhi does any1 have an indicator to signal/mark the 1st wiseman signal? aka the divergent bar.Ignored
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Dislikedhi does any1 have an indicator to signal/mark the 1st wiseman signal? aka the divergent bar.Ignored
DislikedHi
I thought (wrong) that there is no interest on Chaos system. I've got lots of PM about it and was surprised how many people is stick to this system.
Hope you're trading successfullyIgnored
DislikedOnce you make a buy/sell stop do you keep it until the price hits and activates it? Should you delete a stop before price hits it, if so when?Ignored
DislikedHis DVD's reflect the new changes I mentioned except for the purple line. I did buy his updated version 2 years ago so maybe he updated the DVD's with the new change. I would just email them to find out. I went to his personal tutorial a year and a half ago and that is when he gave us instructions about the purple line and RSI.
The Attached Image below is a chart for the indicators he now uses:Ignored
DislikedThank you for the quick reply avidtrader!
I am following Bill Williams' aligator system since 2005, so I am always interested to hear new things about it.
There is one more thing I would like to ask:
I always hear, that the forex-market is not the right market for this system, and many people say, that it simply doesn't work.
Do you know anyone, who trades the aligator in Forex and is profitable with it on the long run?
If yes, what timeframe does BW recommend for Forex? I would believe, that anything below 1 hour timeframe is much to choppy...Ignored
DislikedI believe it is from the close (correct me someone if I am incorrect) and based of my limited knowledge of Renko I would say that BW's method will keep you in a trend longer.
I actually use candlesticks and they can give me additional confirmation of a signal I might take. Where BW's might not get you in the beginning of a trend or possible exit, an harami candlestick might signal the end of one which I might short or go long at that point or exit and/or reverse if I'm in it.Ignored
Dislikedi know after reading the balance of your threads here isto that you seem to have covered everything. I am just a little dense i think. I have traded for a year and consistently lost money from a 20k account. In december i "got" it somewhat and since have gained back the 7k loss and made several thousand over my initial investment.
In looking at the indicators i am still puzzled at the role the wisemen play.. I have trading chaos 2nd otw from amazon but need a little more "real world" how they are used.
PaddyIgnored
Dislikedu can only understand after reading the book and seeing the partterns forming on ur chart till then everything abt wiseman signals will be new to u..this method is not for retracement it rather base on breakout and momentum trading in counter trend..buy above and sell below alligator mouth required patient and fractal wave breakout...Ignored
DislikedI have traded for a year and consistently lost money from a 20k account...Ignored
Disliked... I have Trading Chaos 2nd otw from Amazon but need a little more "real world" how they are used...Ignored