Chaos Trading System

Practicing, practicing and practicing... Then it will come.

BTW, at what time is your new daily bar open ? I setup mine to open at 9am EST.
Good time for me...

Hello Slight,

your trades look fine.
however, I am counting the daily GBP bars as a start in wave 5 down.
so i guess you are a bit early with a bullish trade setup.
btw your website is very interesting, good info.
regards

Hello WoodenShoe,

Is it possible for you to post a chart with some comments ?
Thank you very much and happy new year.

wave 3 is the big one (AO)
btw look at divergence in AC

you might be right wooden. But then again, check out the 2h or 4h chart.. AO has not been supporting this move down at all .. no momentum that builds up, but constantly decreasing .. that's also why I dont have a sell below the last low.. but it's getting really close now regarding my stop .. well, we'll see what happens.

I count the move of 12/4 to 12/17 as a corrective one on the 2HR chart.
3 waves.
you are completely right. we assume, plan our trades and use stops.

we can't win them all, but sure we try.

so wooden .. I got knocked out .. but wtf there will be a divergence bar on the 2h and 4h chart in 25 mins I think .. what now .. I dont know what to think of this really .. lacking momentum in the AO is confusing me .. while I have to say you are right about the wave count on the daily.

edit: did you enter short ?

I was not on GBP until I read your comments.
however did you see EUR 2 and 4HR charts.
looks promising short.

hm .. see picture. I think newer high first. Would you agree?

dunno.
I put a sell stop at the low of todays daily bar which can turn into a bearish div bar.
it could be a wise man setup, but there is not to much angle.

I decided to short it too .. but below the fractals on 4h chart. This is a 4th wave I think .. correcting more.

hi,slight and others


I think the Wave 3 should make AO pull back to 0 level but not cross it, isn't it? Correct me if I am wrong.


Happy New Year!

asam

No, it's wave 4 that need to cross 0 (min requirement).

Hello,

Here's a chart. I'm training myself to count the waves. This is the first result of my brand new knowledge.
My problem now is to identify the end of the W5, and also to find the point 0, the start of the W1...
Please, if you have any comments/questions.... Fell free.

count inside waves to find the last wave of the wave 5 you are trading. look for a divergence in the AO and a reversal signal

Hey Slight,

To find the inside waves of the wave I'm trading, I have to look at a lower TF, is it ?
So, for the 30m, looking at 5m.

For the div on AO and reverse signal, this should also occur on the 5m ?

Thx ! I'm happy, all of this seems to start making sens to me...

Here's what I'm thinking for cable...
Alligator is not really nice, but we might have a W5 short if fractal trigger.
What do you think ?

maybe, maybe not. I am not sure about cable .. if it's a wave 5 down on the daily I wonder why it only dipped below it a little yesterday but didn't continue and break it more clearly.

I understand.
Let see what will happen.

thank you for the answer.