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Profitunity (Chaos) Trading System by Bill Williams

  • #481
  • Jul 27, 2007 3:58am Jul 27, 2007 3:58am
Quoting fintrans
For ONCE - I was right!!!
Yes this was a nice DBar. I'd like to show the next signal - 3 consecutive red AO bars...
Attached Image
  • #482
  • Jul 27, 2007 4:37am Jul 27, 2007 4:37am
Hmm anyway i am doing something wrong....

Look at this chart... we have a DB on the bottom... and then it was triggered... so i got a long position... but the price after a short up movement went down.... is there anything wrong with me?
Attached Image (click to enlarge)
Click to Enlarge Name: SNGS.jpg Size: 94 KB
  • #483
  • Jul 27, 2007 4:55am Jul 27, 2007 4:55am
Here is example of invalid Dbar... or valid? becos we have 2 Dbars.... First is valid and second is invalid... wich should i choose.
Attached Image (click to enlarge)
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  • #484
  • Jul 27, 2007 5:55am Jul 27, 2007 5:55am
Isto pls tell me becos this chart now looks
Attached Image (click to enlarge)
Click to Enlarge Name: GAZP.jpg Size: 87 KB
  • #485
  • Jul 27, 2007 6:12am Jul 27, 2007 6:12am
Quoting Protei
Isto pls tell me becos this chart now looks
What do you like to tell you?
  • #486
  • Jul 27, 2007 6:18am Jul 27, 2007 6:18am
was this bar invalid or not? becos price now is 272.... and going higher... i see here double bottom.. but second DB is invalid... first one is valid... what should i do?
  • #487
  • Jul 27, 2007 6:23am Jul 27, 2007 6:23am
Quoting Protei
was this bar invalid or not? becos price now is 272.... and going higher... i see here double bottom.. but second DB is invalid... first one is valid... what should i do?
What I see on this chart is that price broke the Bearish Fractal but failed to continue.
This break was not supported neither by Momentum nor by Acceleration

Obviously the move is up.

On the next session, if direction is the same you'll probably have 3 green AO bars... and the next test will be Bullish fractal...
  • #488
  • Jul 27, 2007 6:35am Jul 27, 2007 6:35am
Okey here is another picture...

You said next test.... what does it mean.. where do you see bullish DB
Attached Image (click to enlarge)
Click to Enlarge Name: GAZP.jpg Size: 88 KB
  • #489
  • Jul 27, 2007 6:57am Jul 27, 2007 6:57am
Quoting Protei
Okey here is another picture...

You said next test.... what does it mean.. where do you see bullish DB
Here on chart will be more clear I hope ...
Attached Image (click to enlarge)
Click to Enlarge Name: GAZP.jpg Size: 103 KB
  • #490
  • Edited 8:38am Jul 27, 2007 8:07am | Edited 8:38am
Isto damn.... i wrote lines not as you did... now i see that this was a valid bullish Dbar...

But why will you go long only after 3AO signal and not after triggering DB?

And also where will you open short position?
Attached Image (click to enlarge)
Click to Enlarge Name: GAZP.jpg Size: 91 KB
  • #491
  • Edited 8:39am Jul 27, 2007 8:13am | Edited 8:39am
And here is SNGS... I think picture is quite the same as previous.

I had 1 entry after triggering DB and second entry after fractal signal but then price went down and hit my stop loss.. any way i got a small profit....

Isto how will you trade this chart?
Attached Image (click to enlarge)
Click to Enlarge Name: SNGS.jpg Size: 90 KB
  • #492
  • Edited 1:33pm Jul 27, 2007 10:30am | Edited 1:33pm
Isto Did i get it right... you enter only after 3AO signal and not after Dbar is triggered?
  • #493
  • Jul 27, 2007 11:42pm Jul 27, 2007 11:42pm
Isto on your post
http://www.forexfactory.com/showpost...&postcount=478

i can see that price hit stop loss... but why did you put your stop loss there... you were in a long position.. and put your stop loss on the top of DB... or at that moment you were allready in a short position becos price hit DB in the bottom?
  • #494
  • Edited 4:25am Jul 28, 2007 4:25am | Edited 4:25am
Quoting Protei
Isto damn.... i wrote lines not as you did... now i see that this was a valid bullish Dbar...

But why will you go long only after 3AO signal and not after triggering DB?

And also where will you open short position?
Here is one of the possible entries.

I'd like to mention that short is more dangerous because price could fail taking the bottom...
Attached Image
  • #495
  • Jul 29, 2007 1:53am Jul 29, 2007 1:53am
Isto could you explain why should we go short from this position?
  • #496
  • Jul 29, 2007 11:06am Jul 29, 2007 11:06am
Quoting Protei
Isto could you explain why should we go short from this position?

Because if price fails to take Bullish Fractal (less probable) it will test the last Bearish Fractal.
  • #497
  • Jul 29, 2007 11:13am Jul 29, 2007 11:13am
Quoting Protei
Isto on your post
http://www.forexfactory.com/showpost...&postcount=478

i can see that price hit stop loss... but why did you put your stop loss there... you were in a long position.. and put your stop loss on the top of DB... or at that moment you were allready in a short position becos price hit DB in the bottom?

  1. Because the volatility was too high.
  2. Because Bears 3 times pushed down the Bulls.
  3. Because the angle was too steep.

Surely you could mention some more reasons.

  • #498
  • Jul 29, 2007 11:25am Jul 29, 2007 11:25am
Quoting Protei
And here is SNGS...

Isto how will you trade this chart?

I see a Bullish Divergent bar, 3 green AO and Bulish fractal.

So a possible tactic if you're long after DBar could be: next entry is 2 lots (AO and Bulish fractal signal) above the resistance...
Attached Image
  • #499
  • Edited 4:52am Jul 30, 2007 12:19am | Edited 4:52am
Hi Isto,

Pls look at the chart and tell whether the DB is valid ?

It looks valid to me bcoz :
a) It is away from alligator
b) steep fall
c) Acute angle

I went long above this Bullish DB, with my stop loss at low of S2,

Now after the next bar , which is Bearish DB, Should I move my stop to low of S1 ?


regards

tej
Attached Image (click to enlarge)
Click to Enlarge Name: Dbar_1.GIF Size: 15 KB
  • #500
  • Edited 4:27am Jul 30, 2007 2:46am | Edited 4:27am
Well tej, my recomendations will be:

1) Tighten your stop loss...and put it on the top of S2...
2) Add 1 more lot if price go lower than S1...

Hey guys you are lucky... becos on my charts i dont see any trend.... prices are just jumping up and down always crossing alligator.... How can i trade on this chart... i wonder....
Attached Image (click to enlarge)
Click to Enlarge Name: SNGS.jpg Size: 90 KB
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