I just grabbed some and trade is now protected.
I marked a chart with some levels of concern I'll keep an eye on...
I marked a chart with some levels of concern I'll keep an eye on...
Profitunity (Chaos) Trading System by Bill Williams 1,632 replies
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Trading in the Zone advanced indicator (Trading Chaos by Bill Williams) 12 replies
DislikedInteresting situation....
I still believe that there's a possibility of Wave 3.... Now we have a double top, so I don't know if it will pierce north or what....
What do you think ?Ignored
DislikedHey !
I'm using chaos since about 2 years now.
I'm using Time based charts for the Elliott waves and Fibonacci analysis. As described in his book #1. This one is 45min, because the move fit inside 100 to 140 bars in the past. So, info on the AO are right.
For trading, I'm using Range Bar charts. It is smoothing greatly the signals. Also, I'm mainly using fractal breaks.
All the bestIgnored
DislikedHonestly, on Forex, I haven't seen much divergent bars working out...
It seems that DB are working a little bit better if you use range bars and do a good studies of Elliott waves and Fibonacci levels... I would qualify this signal as quite aggressive entry....
Personally, I don't use it as an entry, but as a sign of some possible reversal.
Usually, the next signal is a 2nd wise man or a fractal. Then, you should also starting to see some divergence on AO... Some odds are piling up and help you to validate an entry.
All the bestIgnored
DislikedHonestly, on Forex, I haven't seen much divergent bars working out...
It seems that DB are working a little bit better if you use range bars and do a good studies of Elliott waves and Fibonacci levels... I would qualify this signal as quite aggressive entry....
Personally, I don't use it as an entry, but as a sign of some possible reversal.
Usually, the next signal is a 2nd wise man or a fractal. Then, you should also starting to see some divergence on AO... Some odds are piling up and help you to validate an entry.
All the bestIgnored
QuoteDislikedbut Bill Williams admits that he has never traded Forex. For that reason the system can't just be used literally but must be adapted
DislikedI can't resist to post this follow up about the cable behavior. She really did as forecast...
If you apply correctly Bill Williams technique, you can be really surprised how much market can be predictable !
This one is a "By the Book" and you can compare with the previous charts posted. Isn't she pretty ?Ignored
DislikedHello,
As you know, on a time based chart, every x minutes, a new candle appear. On a range based chart each time the price cover a range of x pips, a new bar appear.
I like it very much because it kind of smooth the price action.
I guess you are trading with MT4 ? If yes, as far as I know, they do not provide the range bar option.
I have attached a 21 range chart, just to show you how it looks...Ignored
DislikedHummm.. You cannot really compare to a time frame... If the market is slow, it can takes hour for the price to move a range of 21 pips and if suddenly there is some action.... You see what I mean...
Just to have a look you might want to try NinjaTrader, free platform with free datas for demo.
All the bestIgnored