Isto another question... how do you identify is there any trend or not.... actually the question is how can i understand it using Gator indicator?
Profitunity (Chaos) Trading System by Bill Williams
- #446
- Jul 24, 2007 12:39pm Jul 24, 2007 12:39pm
I wish mine account would be as yours... but the realm is not so good 
what am i doing wrong.... i think not enough of expirience.... till today i had 4% of profit for a month... now only 0.5% and i think tomorow it will gone
what am i doing wrong.... i think not enough of expirience.... till today i had 4% of profit for a month... now only 0.5% and i think tomorow it will gone - #447
- Jul 24, 2007 12:47pm Jul 24, 2007 12:47pm
... now only 0.5% and i think tomorow it will gone
.... i think not enough of expirience....
I wish mine account would be as yours...
so another question is... if price is going up but still lower than red line... should we take other signals like balance line 3AC or others like AO crossing through zero or maybe zone signal? or only 3AO?
I am waiting for your answer in the above case.
What should we do after dbar signal.
Can we take other signals like AC, AO, balance line , zone
before 3AO signal ?
regards
tej
- #449
- Jul 24, 2007 1:02pm Jul 24, 2007 1:02pm
Isto you see problem of our market is gaps.... we look on DJIA S&P... we look on European indexes... we look on price of Oil and then we begin to trade.... and if something is going down we open with down gap... And today Everything seems went down... so i think tomorow again will be gap... and i can do nothing.... and gap probably will be about 3%.... anyway after market will open i will close all long positions.. no matter what price will be... just to make my brain clear.... becos i am really feeding alligator 
anyway after market will open i will close all long positions.. no matter what price will be... just to make my brain clear.... becos i am really feeding alligator - #451
- Jul 24, 2007 1:19pm Jul 24, 2007 1:19pm
Hi isto,
I am waiting for your answer in the above case.
What should we do after dbar signal.
Can we take other signals like AC, AO, balance line , zone
before 3AO signal ?
regards
tej
Anyway - I'm careful about DBars because this is a possible reversal point...
But yes - I take each signal and consider it - even old (Bill does not recommend this)
As I said before I dare to take decisions a little aside from the system - if I found a strong reason for...
there is a sample below ...
- #452
- Jul 24, 2007 1:26pm Jul 24, 2007 1:26pm
Isto you see problem of our market is gaps.... we look on DJIA S&P... we look on European indexes... we look on price of Oil and then we begin to trade.... and if something is going down we open with down gap... And today Everything seems went down... so i think tomorow again will be gap... and i can do nothing.... and gap probably will be about 3%....
For one or another extend each news influence on the market... Some days there are more news that combined have stonger effect.
So price have to be watched and trader must react to the market as market react to news.
There is no guarantie that if price has moved one direction, will continue, neither that will reverse...
Sometimes markets reverse and few bars later reverse again...
Thanks isto,
bcoz i was under the impression that we should take other signals like AO,AC balance line etc only after first fractal has been taken out.
But it seems if dbar has been formed, then we can take other signals before fractal is formed.
Pls correct me, if i am wrong !
regards
tej
bcoz i was under the impression that we should take other signals like AO,AC balance line etc only after first fractal has been taken out.
But it seems if dbar has been formed, then we can take other signals before fractal is formed.
Pls correct me, if i am wrong !
regards
tej
Sorry, I've thought I did...
Anyway - I'm careful about DBars because this is a possible reversal point...
But yes - I take each signal and consider it - even old (Bill does not recommend this)
As I said before I dare to take decisions a little aside from the system - if I found a strong reason for...
there is a sample below ...
- #454
- Jul 24, 2007 1:51pm Jul 24, 2007 1:51pm
Thanks isto,
bcoz i was under the impression that we should take other signals like AO,AC balance line etc only after first fractal has been taken out.
But it seems if dbar has been formed, then we can take other signals before fractal is formed.
Pls correct me, if i am wrong !
regards
tej
Everyone decides for his own whether to take or not other signals.
I, miself decided to take them and up to now seems to be more profitable than lossing, but this might change in the future or other trader might face more losses than profit...
- #456
- Jul 24, 2007 2:14pm Jul 24, 2007 2:14pm
Hi isto,
I have seen that you like to take all the signals,
I am getting a feeling that you have devised some better exits strategies
which give you early exits in case market doesnot move in your favour.
May be you could share these Exit methods with us ...
regards
tej
I'm sorry I have to disappoint you - there is nothing special - I just look at the charts each 4 hours (I use H4 and D1) and act accordingly to the picture I see.
Here is some statistics from today confirming the above:
win % 55
loss % 53
2 % are zero (neither profir nor loss)
Average profit per trade $ 491
Average loss per trade $ 260
sicret? if any it is - if I doubt - I get out.
- #460
- Jul 24, 2007 11:28pm Jul 24, 2007 11:28pm
Isto, I been reading and following this system for over 2 years now. And i have read all books from bill williams, and seen all sort of EA's and tried to follow the system on all timeframes, but quiet honestly this system does not work well on Forex. even bill and his daughter suggest not using time frames bigger than 15min on the forex market, since the forex market is so volatile, this type of trend following system does not work well.
It works wonders in markets that hold trend for longer periods, but what system does not work in those market conditions anyway.
Sorry to disappoint you but I gave up on this system and never looking back. Good luck to you though
- yes - trade could be very disappointed. And you're right - forex is not like to other markets - moving power is much different that in any other market one could trade.
- yes - forex is much volatile and unpredictable than other markets.
- yes - this system is devoted to long trend markets.
as for timeframe - in forex 15 min (in my point of view) is too small because of the meny whipsaws caused by this very volatility.
To trade in a time frame less than 1 hour one must be very quick and very concentrated all the time to be able to get out some profit.
I also though that smaller time frames will be more profitable (because I had lack of patience 
) and I used to trade all time frames even tick-by-tick one.
Many times I have been broken,
meny times I gave up.
And many times before to close and never looking back I've made analysis of my action because I was curious whether I'm so stupid that a market could beet me every time.
And every time I was amazed how many mistakes I've made...
These mistakes made me go back...
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Well I do not intend to persuade anyone to do anything.
I'd like just to say that there is not the system that makes profit,
neither fancy EA or software,
it is the trader's mind and it trader does not have deep acquaintance of the market and moving forces behind there is no system that might help.
Sorry for the long post. I wrote it because I know there are many many disapointed traders feeling really bad from some software, systems, market, or something ...
This is just an attempt to push them to think and analyze themselves and their actions on the market.