EURCAD (post #259) has taken last Bearish fractal. Next target seems to be 1.414. Acceleration is slowing...
Fascinating move
Fascinating move
Profitunity (Chaos) Trading System by Bill Williams
Hi fxcellent
Well about the brokers I don't want to name them not because I've something to hide but I think that:
I'm sitting in the chair more than I like to, but I'm not full time trader. This is why I prefer H4 timeframe allowing me to glance at the charts few times per day for about 15 min.
Sometimes I have time to follow price move longer...
I've started with EURUSD but now I follow almost every pair offered (they differ) by the borker (well, almost because you see POLNOK pair is not so volotile...)
unfortunately I do not have sumarized data for trades about the last month. Basically I do not believe much on such statistics.
For me the inly valid one it where is your account balance - must be positive! Otherwise better go for a drink
Additionally I have shortage with free time to keep all writtings in order...
Thank you. I doubt Bill have ever heard about ... 
I'm not honoured to meet him and my only acquaintance is by his books but this is quite enough for me to respect him very much.
...which broker you are currently using, and how many hours a week do you work?
- Each broker has strengths and weeknesses...
- Each trader have to choose very carefully the borker it use.
- I do not want to push anybody towords one or another service
(I mean actually sittin on in the chair) and what are your favorite pairs to trade?.
Sometimes I have time to follow price move longer...
I've started with EURUSD but now I follow almost every pair offered (they differ) by the borker (well, almost because you see POLNOK pair is not so volotile...)
how are you doing on trades for the last 1 month (in percentages)? what hours do you like to trade?.
For me the inly valid one it where is your account balance - must be positive! Otherwise better go for a drink
Additionally I have shortage with free time to keep all writtings in order...
You are a pioneer and I hope Bill knows this...
I'm not honoured to meet him and my only acquaintance is by his books but this is quite enough for me to respect him very much.
- #269
- Jul 2, 2007 12:20am Jul 2, 2007 12:20am
Entire post is 267.
I would like to mention only that meanwhile there are 5 (five) Bearish Fractals break down...
Momentum failed to break the zero line.
Acceleration is down for few sessions already.
Alligator is opening...
But because for the 21 sessions range this first break could be false one...
... I will wait first for fractal brake and than to a green bar and jump in , I will use a large stop because it could be a roller coaster.
Momentum failed to break the zero line.
Acceleration is down for few sessions already.
Alligator is opening...
But because for the 21 sessions range this first break could be false one...
Greetings Isto, and everyone else who follows this thread,
I thought I'd weigh in with a setup that is occuring on the GBP/USD 4hr chart:
As you can see in the attached image, price has been heading steadily up for a while. There were two bearish divergent bars at the top of the run, followed by another retest forming a triple top right at a significant resistance point: 2.0200.
In addition to the triple top, the AO (Momentum) and AC (Acceleration) have both been red for a while. That means positive momentum is dropping and prices are starting to accelerate downwards.
There was a strong move down earlier today which closed below a previously invalid fractal point. It was invalid, at first, because prices were still above the alligator's teeth (the red line). It became valid, however, because at the time the price fell to hit the fractal point, price was below the red line.
I waited for a close below the fractal. I know that the Profitunity books all talk about putting orders "one tick below", but I have seen prices go and hit that one tick below only to go the other direction. Waiting for a close below the fractal point is a lot safer in my book.
My next order is waiting just below the bar I entered on because, in addition to hitting the sell fractal, it was also a "Red Zone" signal with both the AO and the AC the same color.
We'll see how this shapes up. It looks good, though. I'm worried about NFP tomorrow, though. As long as it is good news for the USD I should be okay.
I thought I'd weigh in with a setup that is occuring on the GBP/USD 4hr chart:
As you can see in the attached image, price has been heading steadily up for a while. There were two bearish divergent bars at the top of the run, followed by another retest forming a triple top right at a significant resistance point: 2.0200.
In addition to the triple top, the AO (Momentum) and AC (Acceleration) have both been red for a while. That means positive momentum is dropping and prices are starting to accelerate downwards.
There was a strong move down earlier today which closed below a previously invalid fractal point. It was invalid, at first, because prices were still above the alligator's teeth (the red line). It became valid, however, because at the time the price fell to hit the fractal point, price was below the red line.
I waited for a close below the fractal. I know that the Profitunity books all talk about putting orders "one tick below", but I have seen prices go and hit that one tick below only to go the other direction. Waiting for a close below the fractal point is a lot safer in my book.
My next order is waiting just below the bar I entered on because, in addition to hitting the sell fractal, it was also a "Red Zone" signal with both the AO and the AC the same color.
We'll see how this shapes up. It looks good, though. I'm worried about NFP tomorrow, though. As long as it is good news for the USD I should be okay.
Hi to everybody.
Here is an interesting H4 chart of USDCAD.
On the same bar we have Bulish Divergent Bar and Bearish Fractal setups.
Bulish Divergent Bar is supported by triple botoms and slowing Acceleration from the one side and an visible acute angle on the other.
Bearish Fractal has been taken (few pips though, but taken), movement could continue down...
Because each setup has its pros stop orders are placed on each side for the setup bar.
Let's see how will develop this chart
Here is an interesting H4 chart of USDCAD.
On the same bar we have Bulish Divergent Bar and Bearish Fractal setups.
Bulish Divergent Bar is supported by triple botoms and slowing Acceleration from the one side and an visible acute angle on the other.
Bearish Fractal has been taken (few pips though, but taken), movement could continue down...
Because each setup has its pros stop orders are placed on each side for the setup bar.
Let's see how will develop this chart
- #275
- Edited 3:26am Jul 10, 2007 1:31am | Edited 3:26am
"Because each setup has its pros stop orders are placed on each side for the setup bar."
taking account of bullish divergent bar , placing buy above bdb and placing sell below the fractal , is it the scenario u are talking about , now bearish fractal broken but not valid break and now market reached the buy order of bdb. so under the circumstances both have been touched what is the step be taken to or what u have taken so that future analysis will give additional input to us
thank u
Here is current situation on my chart.
Short stop order is still pending; long has been taken.
Currently 1.0515 level is testing. If it breaks up we'll have some profit. For this reason a new long stop order is placed above that level...
Because signals are still in opposite directions stop loss is placed just below the previous session's bar.
Let's see where we are going
- #277
- Jul 10, 2007 9:59am Jul 10, 2007 9:59am
Today EURUSD has waked and broked up the bunch of Bullish fractals offering nice profit.
For me it was a surprise (though I've placed buy stop orders
)
Momentum and Acceleration (and CAD probably) support the move so we are in with a nice profit locked.
For me it was a surprise (though I've placed buy stop orders
)Momentum and Acceleration (and CAD probably) support the move so we are in with a nice profit locked.
Well the trade I got into, this morning, has been shaping up rather nicely. You can see, from the attached chart, that I now have two positions open, with a third sell stop waiting, and I am anticipating a fourth sell signal later this evening after the asian open. Actually, I should already have three positions open, but I missed the bearish divergent bar entry.
Even still, my first postion is +150 pips, my second position is +27, and my third position just got triggered as I am typing this.
Hopefully, all will go well.
My GBP/USD trade is up, too. I haven't attached a chart, but the main position is +96 pips, and the second position is -11 right now.
I also have shorts on the EUR/JPY at +65, +55, and +25 pips.
On the whole, I must say that I am very satisfied with the Profitunity approach and the ability to take advantage of market turns from the very beginning, extract as much profit out of the move by aggressively adding on lots as postions become profitable, and then listening to the market for the correct time to exit.
As Bill Williams says, there is a 'Holy Grail" of trading: "want what the market wants". And, for me, the Profitunity "trading chaos" approach helps me get in tune with the market and be ready for whichever way it wants to head.
Even still, my first postion is +150 pips, my second position is +27, and my third position just got triggered as I am typing this.
Hopefully, all will go well.
My GBP/USD trade is up, too. I haven't attached a chart, but the main position is +96 pips, and the second position is -11 right now.
I also have shorts on the EUR/JPY at +65, +55, and +25 pips.
On the whole, I must say that I am very satisfied with the Profitunity approach and the ability to take advantage of market turns from the very beginning, extract as much profit out of the move by aggressively adding on lots as postions become profitable, and then listening to the market for the correct time to exit.
As Bill Williams says, there is a 'Holy Grail" of trading: "want what the market wants". And, for me, the Profitunity "trading chaos" approach helps me get in tune with the market and be ready for whichever way it wants to head.
