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Chaos Strategy - Mid term and long term trading.

  • #61
  • Sep 11, 2008 12:32pm Sep 11, 2008 12:32pm
Quoting Ronald Raygun
The Wiseman 1 indicator only looks for the wiseman 1 bar formation above/below the alligator, it does not check for angulation.

The wiseman 2 indicator works properly, it checks for the 3rd consecutive AO.
Thank you Ronland, for your help.

To be clear, when display w1 is a real Bear or Bull Divergence Bar (I mind lower low but closing in the first half of the bar or highest high but closing in the second half of the bar)???

Thank you again.

Bull
  • #62
  • Sep 11, 2008 12:45pm Sep 11, 2008 12:45pm
Quoting Bull
Thank you Ronland, for your help.

To be clear, when display w1 is a real Bear or Bull Divergence Bar (I mind lower low but closing in the first half of the bar or highest high but closing in the second half of the bar)???

Thank you again.

Bull
Could you clarify that?
  • #63
  • Sep 11, 2008 1:39pm Sep 11, 2008 1:39pm
Quoting Ronald Raygun
Could you clarify that?
Sorry Ronald for don't be clear.

What I want to know if the Indicator show a Wise1 Bar, it's clear that don't show the angle, but I want to know is if identify the W1 bar and satisfied AO:

 

  1. W1 Bar Bear Divergence
    1) Higher high than the previous bar, AND the current bar must CLOSE in the LOWER HALF of the bar HIGHER Close,
    2) AO GREEN, ABOVE 0

  2. W1 Bar Bull Divergence
    1) LOWER LOW than the previous bar, AND the current bar must CLOSE in the UPPER HALF of the bar,
    2) AO RED, BELOW 0


Thank you again

  • #64
  • Sep 11, 2008 1:44pm Sep 11, 2008 1:44pm
There is no reference to the AO in the wiseman 1 indicator, so I'll assume no.
  • #65
  • Sep 11, 2008 4:40pm Sep 11, 2008 4:40pm
Quoting Bull
Hi Shiva,

I've an Indicator that do that, but I don't really know if work propertly, may be Ronald Raygun can help us looking the indicator code. Also for the Wise 2 signal.

Thank you in advance Ronald.
Thanks Bull And Thanks to RR too!
  • #66
  • Edited Mar 1, 2011 8:43pm Sep 11, 2008 5:09pm | Edited Mar 1, 2011 8:43pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Is this a good example of triangulation here? And is this how you guys are drawing it? Reviewing my old Cecil notes from months and months ago, so I'm pretty rusty. I drew it by taking average of the 13 and 8 and pulling it forward and then I drew from the reversal candle to where it left the alligator.

Anytime we see a reversal candle, look at where the move exited the MA's, then pull a TL to the candle and then find the average of the 8 and 13 MA's and pull a TL there and if the intersection is greater than 90 degrees, then that's a good signal right?

Apologies upfront if this was covered in the attachment in first post, but I wasn't able to open it for some reason.
"Wishful thinking dies hard." Igor T.
  • #67
  • Edited Mar 1, 2011 8:43pm Sep 11, 2008 5:29pm | Edited Mar 1, 2011 8:43pm
Here's an example of what can be done. I usually stick to 1hr or 4 hr charts, but the wiseman 1 doesn't always occur there. Here it occurred on the 5 minute chart, right on the red line at the bottom of the chart. This was within the confluence of two fibonacci projections, and with the sell window on the Awesome oscillator closing. Went long, then added a second lot on the cross of the bollinger on the 4 hr. This will probably go quite a way. I'll trade in and out all the way to the end of wave 5 and then go short. So far I'm up about $20 for the day on a couple of dime lots. That 's for all who think you can't make some real money trading forex without using high leverage and $1 lots. It mounts up steadily over time, (especially when you trade big moves right from the very top or bottom to the very top or bottom) and your broker will hate you.
  • #68
  • Sep 11, 2008 5:44pm Sep 11, 2008 5:44pm
Quoting FxChi
Is this a good example of triangulation here? And is this how you guys are drawing it? Reviewing my old Cecil notes from months and months ago, so I'm pretty rusty. I drew it by taking average of the 13 and 8 and pulling it forward and then I drew from the reversal candle to where it left the alligator.

Anytime we see a reversal candle, look at where the move exited the MA's, then pull a TL to the candle and then find the average of the 8 and 13 MA's and pull a TL there and if the intersection is greater than 90 degrees, then that's a good signal right?

Apologies upfront if this was covered in the attachment in first post, but I wasn't able to open it for some reason.
I don't think that makes a good example of a signal. Notice how there was a giant gap? Gaps aren't necessarily the easiest things to predict if at all.
  • #69
  • Edited Mar 1, 2011 8:43pm Sep 11, 2008 6:14pm | Edited Mar 1, 2011 8:43pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Is this one any good? 2 lines clearly moving away from each other and angle looks about 90ish.
"Wishful thinking dies hard." Igor T.
  • #70
  • Edited Mar 1, 2011 8:43pm Sep 11, 2008 7:04pm | Edited Mar 1, 2011 8:43pm
I must say this is very promising and profitable system....but it has its flaws too...

Please looks at the attached pic,,,

If the trade take Long position @ W? ..that trade wil turn a loser...Anyway to avoid it? angulation??

Sonic
  • #71
  • Sep 11, 2008 7:08pm Sep 11, 2008 7:08pm
Quoting sonicdeejay
I must say this is very promising and profitable system....but it has its flaws too...

Please looks at the attached pic,,,

If the trade take Long position @ W? ..that trade wil turn a loser...Anyway to avoid it? angulation??

Sonic
Notice how the low of that bar was broken? That invalidates it as a Wiseman 1
  • #72
  • Sep 11, 2008 7:10pm Sep 11, 2008 7:10pm
Quoting Ronald Raygun
Notice how the low of that bar was broken? That invalidates it as a Wiseman 1
good one Ronald. How could it be invalidates as W1?? Care to explain with the pic drawn? I don't seem to get what u mean...

thx
Sonic
  • #73
  • Sep 11, 2008 7:24pm Sep 11, 2008 7:24pm
Quoting Ronald Raygun
Notice how the low of that bar was broken? That invalidates it as a Wiseman 1
Only after you get stopped out and take a loss, if you follow the rule of entering 1 pip above the high of the wiseman. Good example of why just any wiseman won't do.
  • #74
  • Edited Mar 1, 2011 8:43pm Sep 11, 2008 8:29pm | Edited Mar 1, 2011 8:43pm
How about this ?
We got SL from W1 , any idea ?
  • #75
  • Sep 11, 2008 8:47pm Sep 11, 2008 8:47pm
Quoting chou
How about this ?
We got SL from W1 , any idea ?
I think your alligator line is off.

I would draw it to the midpoint between the jaws and teeth.
  • #76
  • Sep 11, 2008 10:09pm Sep 11, 2008 10:09pm
Quoting chou
How about this ?
We got SL from W1 , any idea ?
The bar you have "get sl" on is actually the one to trade It had not fully satisfied the fib projections until then.
  • #77
  • Edited Mar 1, 2011 8:43pm Sep 11, 2008 10:45pm | Edited Mar 1, 2011 8:43pm
Quoting taxgeek
The bar you have "get sl" on is actually the one to trade It had not fully satisfied the fib projections until then.
How do u differentiate that?? Both look the valid W1 to me..

Sonic
  • #78
  • Sep 12, 2008 12:28am Sep 12, 2008 12:28am
Quoting sonicdeejay
How do u differentiate that?? Both look the valid W1 to me..

Sonic
At the time those W1s are drawn, they're valid.

But the first W1 is invalidated when its low was broken.
  • #79
  • Sep 12, 2008 1:01am Sep 12, 2008 1:01am
Quoting Ronald Raygun
At the time those W1s are drawn, they're valid.

But the first W1 is invalidated when its low was broken.
thx buddy...

Sonic
  • #80
  • Sep 12, 2008 7:39am Sep 12, 2008 7:39am
Quoting sonicdeejay
How do u differentiate that?? Both look the valid W1 to me..

Sonic
If I understand the concept correctly .. for a bullish divergence bar .... the bar should have a lower low than the previous bar and close on the upper half of the bar ... and also the AO must be below ZERO and it is RED. The price bars must also have angulation. Then, by following this rule ... the first W1 is a valid one, while the second W1 is not, since the AO is green.

Please let me know if I have the wrong understanding on this concept.
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