Isto 1 more question about your last chart. Some of bearish DBars look strange... becos they closed in the top half.... is this correct? becos i thought that Bearish DBar should close in bottom half
Profitunity (Chaos) Trading System by Bill Williams
Hi isto & protei
Thanx for the explanation.
Please tell me whether I should look for 3 AC bars or 3 AO bars
bcoz AC shows acceleration & AO shows momentum.
If we enter on 3AO signal, we will be entering against the trend, In such
case where should we place our Stop Loss.
regards
tej
Thanx for the explanation.
Please tell me whether I should look for 3 AC bars or 3 AO bars
bcoz AC shows acceleration & AO shows momentum.
If we enter on 3AO signal, we will be entering against the trend, In such
case where should we place our Stop Loss.
regards
tej
Hi tej
3AO are 3 green acceleration bars below zero on a down trend, or
3 red acceleration bars above zero on a up trend.
This is a signal that trend is slowing and might turn around so it is used to enter in the opposite direction...
- #324
- Jul 17, 2007 11:14am Jul 17, 2007 11:14am
So lets see how it was going.
In the middle of the day the price made double bottom, and also there were 5 red bars (this mean AC and AO were moving in the same direction). I put stop loss on the level 35.475 and it was triggered at first grey bar (Ac began to grow). After that the price went higher and higher and closed near fibbo 0.382. Till this moment i have 2 lots, One was oppened at 35.475 and another 35.6..... Green bar is saying that price will surely go higher.... but will it in really i dont know
. Anyway i put stop loss at 35.56. Also as it can be seen on chart there were no Bullish Dbars.... So situation is kinda curious.
Will see what will happen tomorrow
In the middle of the day the price made double bottom, and also there were 5 red bars (this mean AC and AO were moving in the same direction). I put stop loss on the level 35.475 and it was triggered at first grey bar (Ac began to grow). After that the price went higher and higher and closed near fibbo 0.382. Till this moment i have 2 lots, One was oppened at 35.475 and another 35.6..... Green bar is saying that price will surely go higher.... but will it in really i dont know
. Anyway i put stop loss at 35.56. Also as it can be seen on chart there were no Bullish Dbars.... So situation is kinda curious.Will see what will happen tomorrow
- #325
- Jul 17, 2007 11:23am Jul 17, 2007 11:23am
Another chart of blue chip is shown.
So what we have here.... 16.07.2007 16:00 were created nice Bullish bar, after which price went down. So i put stop sell signal lower than this bar and it was triggered (1 lot at 224.3 ). Another signal came todays morning. So i got 5 more lots at 222. But in the middle of the day situation changed and price stopped on fibo level 0.382. So after few ticks i decided to put stop 221.5 and it was triggered. So i got not a big profit... but i got it
Okey Alligator closed his mouth. And now we should wait. Stop buy i put little bit higher than previous maximum. And now there will be no stop sell.
My opinion is that soon here will be tripple top... and after price will make down trend
. Will see 
So what we have here.... 16.07.2007 16:00 were created nice Bullish bar, after which price went down. So i put stop sell signal lower than this bar and it was triggered (1 lot at 224.3 ). Another signal came todays morning. So i got 5 more lots at 222. But in the middle of the day situation changed and price stopped on fibo level 0.382. So after few ticks i decided to put stop 221.5 and it was triggered. So i got not a big profit... but i got it
Okey Alligator closed his mouth. And now we should wait. Stop buy i put little bit higher than previous maximum. And now there will be no stop sell.
My opinion is that soon here will be tripple top... and after price will make down trend
. Will see 
Hi isto,
That means we should take 3AO signal, only if Divergent Bar is formed.
In case market turns without making a Divergent bar. We should avoid
such 3AO signals.
I have attached a chart , pls tell whether 3AO signal is valid here ?
regards
tej
That means we should take 3AO signal, only if Divergent Bar is formed.
In case market turns without making a Divergent bar. We should avoid
such 3AO signals.
I have attached a chart , pls tell whether 3AO signal is valid here ?
regards
tej
Hi tej
3AC is just a signal the it trend might reverse.
3AO are the second signal after Divergent Bar is validated (and hit)
- #329
- Jul 17, 2007 12:27pm Jul 17, 2007 12:27pm
Well i am not Isto but on first look... i think its not a valid signal, btw i think price will go higher in some moment and alligator will close. After alligator will close you will have at least 2 fractals... up and down... So you will know what to do next
On this chart i think we see the end of the upper trend.
but on first look... i think its not a valid signal, btw i think price will go higher in some moment and alligator will close. After alligator will close you will have at least 2 fractals... up and down... So you will know what to do next On this chart i think we see the end of the upper trend.
- #333
- Jul 17, 2007 1:46pm Jul 17, 2007 1:46pm
Aha i see... and i also didnt find a good broker for a Forex in Russia.... and also i am affraid of that high shoulders like you have on Forex
What I mean was the conditions and contracts that (stock) brokers offer. This is a complicated question and when it comes to leagal matters one should open its eyes wide to read carefuly the paper and to consult with pros before to take a decision to grant its own money to somebody else (broker)
- #334
- Jul 17, 2007 1:53pm Jul 17, 2007 1:53pm
Well i understood what you had said This problem we have here.... Too many papers you should read and sign..... and broker might hide something there.... Only a professional could help.
Also Isto... how is your demo account.... does bill work?
This problem we have here.... Too many papers you should read and sign..... and broker might hide something there.... Only a professional could help.Also Isto... how is your demo account.... does bill work?
Nice explanation Protei
lets see what market tells us in future...
thanks
tej
lets see what market tells us in future...
thanks
tej
Well i am not Isto
On this chart i think we see the end of the upper trend.
Hi Isto,
thank you , you have really mastered Bill Williams System !
I think many members like me can learn quite a lot from you
Personally, I prefer to learn the rules first ... so that I don't make mistake
while taking decisions.
I always try to remove as much subjectivity as possible.
I know trading cannot be made 100% mechanical but being objective helps to take decision easily.
I am facing a problem while trying to draw angle for divergent bars
Can you tell me where should we place the starting point, bcoz on charts it seems that we can start the angle from anywhere.
I have attached a chart where Bearish Divergent bar has been formed today.
It is away from Alligator line
I think angle is acute....
Maybe you can draw and show the correct angle.
Also give a comment on wrong way of drawing the angle.
regards
tej
thank you , you have really mastered Bill Williams System !
I think many members like me can learn quite a lot from you
Personally, I prefer to learn the rules first ... so that I don't make mistake
while taking decisions.
I always try to remove as much subjectivity as possible.
I know trading cannot be made 100% mechanical but being objective helps to take decision easily.
I am facing a problem while trying to draw angle for divergent bars
Can you tell me where should we place the starting point, bcoz on charts it seems that we can start the angle from anywhere.
I have attached a chart where Bearish Divergent bar has been formed today.
It is away from Alligator line
I think angle is acute....
Maybe you can draw and show the correct angle.
Also give a comment on wrong way of drawing the angle.
regards
tej
Well tej, I do not take so literally the rules.
Signal is signal. Bill Williams advise not to take a signal when price is in Alligator's mouth.
There are some other recommendations in his books about whether to take or not a signal.
Nevertheless this method has clear rules there are lot's of subjective points during decision making.
Finally again we touch to the same point: What trader see on the chart.
If you see a signal, evaluate cons and pros and if seems to be valid take the signal.
As for the chart I (personally) will not take the signal while price is in or close to Alligator
- #338
- Jul 17, 2007 2:37pm Jul 17, 2007 2:37pm
Well i understood what you had said
Also Isto... how is your demo account.... does bill work?
But stil to many falst signals I could not get rid of...
