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Profitunity (Chaos) Trading System by Bill Williams

  • #601
  • Sep 21, 2007 7:18am Sep 21, 2007 7:18am
numb3rs:
I do look in on this thread most everytime my email tells me new posts have been made. My posting to it (or any forum thread for that matter) has to clear two hurdles--1) I have the time to post and 2) I think I might be able to make some helpful comments. This means I am in a forum thread many more times than I post to it. I have this sign on the bulletin board that hangs over my trading screens: "Nobody knows as much as you think they know!" Remember that when you read any of my stuff, too!
...\larry.bye
  • #602
  • Sep 23, 2007 1:41pm Sep 23, 2007 1:41pm
Well i still stand on my point of view. If you enter on 1 signal with 1 lot.. you will loose money.... becos usuall situation is price hit 1 signal... then it goes up you enter on 2 signal with 4 lots.. and after making 0.2% price goes down and you close your position with 1 lot in profit and 4 lots with loss.... this is how i lost money...
  • #603
  • Sep 27, 2007 4:16pm Sep 27, 2007 4:16pm
Quoting Protei
Well i still stand on my point of view. If you enter on 1 signal with 1 lot.. you will loose money.... becos usuall situation is price hit 1 signal... then it goes up you enter on 2 signal with 4 lots.. and after making 0.2% price goes down and you close your position with 1 lot in profit and 4 lots with loss.... this is how i lost money...
have u consider the angulation before taking it as wiseman1 ??
u must have at least 5 criteria before consider it as wiseman1


if u enter wiseman 1 wrongly..surely wiseman 2 risky :d

one more thing.. do make a trailing stop because wiseman1 n w2 are counter trend...and w3 acts independant
Novice Trader
  • #604
  • Sep 27, 2007 5:29pm Sep 27, 2007 5:29pm
Quoting Protei
Well i still stand on my point of view. If you enter on 1 signal with 1 lot.. you will loose money.... becos usuall situation is price hit 1 signal... then it goes up you enter on 2 signal with 4 lots.. and after making 0.2% price goes down and you close your position with 1 lot in profit and 4 lots with loss.... this is how i lost money...
I totally understand what you mean. This is why I only add 1 lot per entery at this time since I have not become good enough at this to make a fair judgment of safe enteries. Infact most of the time I will let W1 and W2 pass me by and just take W3 for a safe entry.
Could it be Man is trying to be something without knowing they're complete?
  • #605
  • Sep 28, 2007 8:45am Sep 28, 2007 8:45am
Hi all,

Since there are quite some editions and books by Bill Williams (2 editions each for "New trading dimensions" and "Trading chaos"), which would be the best / latest / most updated one to read?

Thanks in advance,
Dave.
  • #606
  • Sep 28, 2007 11:33am Sep 28, 2007 11:33am
Quoting devinder2801
Hi all,

Since there are quite some editions and books by Bill Williams (2 editions each for "New trading dimensions" and "Trading chaos"), which would be the best / latest / most updated one to read?

Thanks in advance,
Dave.
Bill william has authored 3 books

1st : Trading Chaos
2nd: New Trading Dimension
3rd : Trading Chaos II

I think you should go for the latest book Trading Chaos II which has taught about the wiseman1,2 and 3..

So again .. Go for Trading CHaos II .. The Black color cover book that authored by bill william and her daughter
Novice Trader
  • #607
  • Sep 28, 2007 11:44am Sep 28, 2007 11:44am
Quoting devinder2801
Hi all,

Since there are quite some editions and books by Bill Williams (2 editions each for "New trading dimensions" and "Trading chaos"), which would be the best / latest / most updated one to read?

Thanks in advance,
Dave.
My advice is that you read all of Bill Williams books there is so much to learn from him.
I was able to find Trading Chaos 1 and New trading Dimensions on emule and I purchased Trading Chaos 2 from Amazon. All of them were worth reading. On emule I even found a video of one of Bill Williams seminars.

If you only want to read one book though, Trading Chaos 2 is the most resent and it covers some what you will find in both of his first two books.
Could it be Man is trying to be something without knowing they're complete?
  • #608
  • Sep 29, 2007 2:49pm Sep 29, 2007 2:49pm
If it is possible, could you please put here all of these wiseman's
  • #609
  • Sep 29, 2007 2:54pm Sep 29, 2007 2:54pm
Here is an example.... how will you trade this chart.... what next will you do..
Attached Image (click to enlarge)
Click to Enlarge Name: sngs5.gif Size: 35 KB
  • #610
  • Sep 29, 2007 10:07pm Sep 29, 2007 10:07pm
Quoting Protei
Here is an example.... how will you trade this chart.... what next will you do..
Ok I will give it a shot.
It apears to me that the only entry we have on the chart is to use the Fractals. From what I understand Wiseman 3 will allways be a fractal.

Wiseman 1 is a Dbar with angulation from the alligator. Wiseman 2 is a three bar color change on the OA.

Anyone feel free to step in and correct me but this is how I understand it from the book.
Attached Image (click to enlarge)
Click to Enlarge Name: Protei 1.GIF Size: 38 KB
Could it be Man is trying to be something without knowing they're complete?
  • #611
  • Sep 30, 2007 2:31am Sep 30, 2007 2:31am
Hi traders

I see lately in this thread many discussions about this method and charts that apply it.

I think (and hope you'll agree with me) that it will be better to separate discussions from the description of the method.

This is why I've opened a new thread devoted to discussions - there, every interested trader to be able to post his/her charts, ask for advise, comments posted charts, etc.,

This is to make easier for newcommers to follow the main idea of the method here, in this thread and if interested to follow discussions about the method separately.

Now it becomes hard to devide the idea of the method from number of explanationas and discussions followed description of the system.

You could see the new tread here: Forums > Forex Discussion > Chaos
  • #612
  • Sep 30, 2007 3:06am Sep 30, 2007 3:06am
Numb3rs, you are absolutely right.. exactaly what i did. Look on chart....

Also could anyone post all this wisemans and how to use them
Attached Image (click to enlarge)
Click to Enlarge Name: sngs5.gif Size: 37 KB
  • #613
  • Oct 1, 2007 7:38am Oct 1, 2007 7:38am
Food for Thought:

  1. Before Trading Chaos II, we were taught to look for a quiet Alligator--extended balance lines relatively flat (the flatter the better)--and AO and AC values on or near their zero lines. This setup was designed to catch fractal breakouts. We judged the quality of that setup signal by how long a market looked like this. We usually got whipsawed more than we wanted, but it was in what Williams called "the low rent district" (small losses).
  2. Trading Chaos II teaches a significantly different setup. We are now looking for a major bottom or top--the Alligator is in full pursuit of bulls or bears, AO and probably AC are supporting the Alligator's direction, and a new extreme price candle is divergent with a strong angleulation. This setup is designed to catch key reversals in a market.
  3. Remember, the 3 Wise Men strategy gets us into a countertrend trade. It is essential that there be a high probability of a market reversal. You may want to use additional indicators that the current trend direction is exhausted. For my own Profitunity trading, I require that the new low be lower than the two previous fractal lows, and that the new high be higher than the two previous fractal highs. In addition, I usually will require that the current trend extreme be at least a 62% retracement of the previous swing in the opposite direction (I am more comfortable when the retracement exceeds 76.4%).

...\larry.bye

  • #614
  • Edited 11:43am Oct 1, 2007 10:08am | Edited 11:43am
This post has been moved to Forums > Forex Discussion > Chaos
Could it be Man is trying to be something without knowing they're complete?
  • #615
  • Oct 1, 2007 11:04am Oct 1, 2007 11:04am
Please transfer discussions here Forums > Forex Discussion > Chaos

Why? Read here

Thank you
  • #616
  • Oct 3, 2007 9:51am Oct 3, 2007 9:51am
Quoting Numb3rs
On emule I even found a video of one of Bill Williams seminars.
I can not find the video, I have tried to search for "Bill Williams", chaos and various combinations. Is it possible to point me to the right direction?
Thanks
  • #617
  • Oct 3, 2007 10:04am Oct 3, 2007 10:04am
Quoting TheNovice
I can not find the video, I have tried to search for "Bill Williams", chaos and various combinations. Is it possible to point me to the right direction.
Thanks
It is there I just checked. Try using the search "Trading Chaos" the tital is "[Trading Video] Chaos - the new map for traders (Bill Williams).avi"

If you still have trouble send me a pm and maybe I can try to email you a copy but I am not sure if it will work because the file is 270mb.
Could it be Man is trying to be something without knowing they're complete?
  • #618
  • Oct 4, 2007 2:31am Oct 4, 2007 2:31am
Thanks, Finally managed to download it. Will look at it tonight.
Regards,
  • #619
  • Oct 4, 2007 9:58am Oct 4, 2007 9:58am
Quoting Numb3rs
It is there I just checked. Try using the search "Trading Chaos" the tital is "[Trading Video] Chaos - the new map for traders (Bill Williams).avi"

If you still have trouble send me a pm and maybe I can try to email you a copy but I am not sure if it will work because the file is 270mb.

hai Numb3rs...

can you give me this video..thanks
  • #620
  • Oct 11, 2007 8:48am Oct 11, 2007 8:48am
hello, can someone pls post the link to Trading Chaos II here pls? i wan to see what wiseman is all about.
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