Trading the Edge of Chaos -GBP/USD | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Profitunity (Chaos) Trading System by Bill Williams 1,653 replies

An Edge for an Edge (System Development) 116 replies

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

Trading in the Zone advanced indicator (Trading Chaos by Bill Williams) 12 replies

Trading Chaos? 27 replies

Attachments: Trading the Edge of Chaos -GBP/USD
Exit Attachments

Trading the Edge of Chaos -GBP/USD

  • #21
  • Nov 20, 2007 1:22am Nov 20, 2007 1:22am
positions triggered lost 10pips
30pips in all. out of market
  • #22
  • Nov 20, 2007 1:57am Nov 20, 2007 1:57am
Quoting fxbroker
positions triggered lost 10pips
30pips in all. out of market
I have re-enter sell ahead of London opens will still maintain
trading to lower edge as earlier planned, unless London changed
this
  • #23
  • Nov 20, 2007 2:08am Nov 20, 2007 2:08am
Quoting fxbroker
I have re-enter sell ahead of London opens will still maintain
trading to lower edge as earlier planned, unless London changed
this
Lost another 10pips each, I out for the day, have
an appointment to catch
  • #24
  • Nov 22, 2007 12:26am Nov 22, 2007 12:26am
See graph for detailed chaos outlook for today.


General Outlook is Bearish. This will be confirmed
after London opens

Sell Below 2.0692
First profit level = 2.0562/2.0555 (+100 pips)
Second profit level = 2.0505 (+40pips)

Trade may reverse from here, watch carefully
to see whether it will move down to the lower
edge of chaos.

-------------------------------


Alternative: If London opens above 2.0707
consider bullish up to 2.0798
Attached Image
  • #25
  • Nov 22, 2007 1:21am Nov 22, 2007 1:21am
Quoting fxbroker
See graph for detailed chaos outlook for today.


General Outlook is Bearish. This will be confirmed
after London opens
Though there is a quick drop, I am not in the market yet
since the analysis is based on London opening.

If you are following this commentary please manage
your trade carefully
  • #26
  • Nov 22, 2007 2:10am Nov 22, 2007 2:10am
I enter sell trade at 2.06550

trickish so far,
  • #27
  • Nov 22, 2007 3:22am Nov 22, 2007 3:22am
Stop loss triggered made only +8pips
step out of market due to up coming
Business Investment q/q (p) news

May enter sell at again depending on the impact
of the news
  • #28
  • Nov 22, 2007 5:39am Nov 22, 2007 5:39am
Quoting fxbroker
Stop loss triggered made only +8pips
step out of market due to up coming
Business Investment q/q (p) news

May enter sell at again depending on the impact
of the news
Back on sell hoping it will clear
downward below 2.0610. Market
is so weak today.
  • #29
  • Nov 22, 2007 12:23pm Nov 22, 2007 12:23pm
Closed out sell position for 20pips
  • #30
  • Nov 23, 2007 1:51am Nov 23, 2007 1:51am
General outlook today is bullish see graph below for
extent of chaos.

direction will depend on initial conditions.

There is ECB president speaking at 9:30 GMT
and another news at 10:GMT beware.
Attached Image
  • #31
  • Nov 23, 2007 3:07am Nov 23, 2007 3:07am
So far market move as predicted.
Next is upcoming GDP q/q (r) and I expect price to reach
the edge of chaos before then at 2.0615.

If data positive and above 0.8, there should be
a bounce off at this level for bullish chaos.


If it is negative, bearish chaos may continue, therefore
I have moved my tp tentative to 2.0505 assuming the
data is bad for UK economy

Meanwhile I have placed pending order to buy
at 2.0615 assuming the data is good for UK
  • #32
  • Nov 23, 2007 3:16am Nov 23, 2007 3:16am
Quoting fxbroker
So far market move as predicted.
Next is upcoming GDP q/q (r) and I expect price to reach
the edge of chaos before then at 2.0615.

If data positive and above 0.8, there should be
a bounce off at this level for bullish chaos.


If it is negative, bearish chaos may continue, therefore
I have moved my tp tentative to 2.0505 assuming the
data is bad for UK economy

Meanwhile I have placed pending order to buy
at 2.0615 assuming the data is good for UK

I close sell for 65 pips
buy from edge of chaos started +20pips
stop loss 2.0617 = +2pips assuming news is bad
for Uk economy
  • #33
  • Nov 23, 2007 3:25am Nov 23, 2007 3:25am
adjusted stop loss triggered = 10pips

65+10 =75 pips banked
I will watch news carefully to renter
market. I will still maintain bullish outlook
from here
  • #34
  • Nov 23, 2007 3:39am Nov 23, 2007 3:39am
Data fall below expectation in favour of sell.
But I not so much interested in selling at the moment

Placed a pending order to buy 2.0615
stop loss below 2.0604.
  • #35
  • Nov 23, 2007 3:45am Nov 23, 2007 3:45am
Quoting fxbroker
Data fall below expectation in favour of sell.
But I not so much interested in selling at the moment

Placed a pending order to buy 2.0615
stop loss below 2.0604.
I should have said I will buy from
since I did not place order yet.
sorry about that if you are following
this commentary. I do not want to mislead
anyone.
  • #36
  • Nov 23, 2007 4:36am Nov 23, 2007 4:36am
Quoting fxbroker
I should have said I will buy from
since I did not place order yet.
sorry about that if you are following
this commentary. I do not want to mislead
anyone.
Have consolidated another quick 10pips sell
2.0604 now represent new upper edge.
and looking down to 2.0505

above 2.0615 is buy, but I doubt this since
today is Friday and no more data coming in.

Below 2.0604, I will keep sell for small pips.
  • #37
  • Nov 23, 2007 1:31pm Nov 23, 2007 1:31pm
Quoting fxbroker
Have consolidated another quick 10pips sell
2.0604 now represent new upper edge.
To round up what I started from here
http://www.forexfactory.com/showpost...7&postcount=30

Market did not go bullish after all as it first made us believed

But because we knew the initial conditions we were
able to predict exactly where the market will get to in
the next moment it opened!

Market gave more than 250 pips but this commentary
was only able to banked 80pips out of that. But the theory
works!
  • #38
  • Nov 26, 2007 12:49am Nov 26, 2007 12:49am
Previous day pips = 80pips

Today's chaos is shown below

General out look is bearish pending London opening.

Current critical level = 2.0655

I will not take any action until after
London opened.

I will be targeting to bank +50 pips today
if it goes according to predicted pattern.

Or else I will be buying to 2.0884 if initial condition
do not favour this planned pattern.
Attached Image
  • #39
  • Nov 26, 2007 2:16am Nov 26, 2007 2:16am
my sell trade picked up at 2.0664

If secured I will maintained trade plan
as posted earlier: trade to lower edge
of chaos.

I will report back any changes in direction
soon
  • #40
  • Nov 26, 2007 2:46am Nov 26, 2007 2:46am
Quoting fxbroker
my sell trade picked up at 2.0664

If secured I will maintained trade plan
as posted earlier: trade to lower edge
of chaos.

I will report back any changes in direction
soon
There is indecision in the market.
A break below 2.0660 will sustain the bearish outlook.
above 2.0685 will be precarious for my trade
0 traders viewing now