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Chaos Strategy - Mid term and long term trading.

  • #121
  • Sep 21, 2008 5:10pm Sep 21, 2008 5:10pm
Quoting sonicdeejay
BTW,,
In Oanda, there is a setting for Awesome Oscillator...
Anyone know the setting of it for chaos methods??

Sonic
Guyz, if your having trouble with platforms. Why not do a simple thing, Use a demo metatrader for analysis and execute the trades in the other platforms.
  • #122
  • Sep 21, 2008 5:20pm Sep 21, 2008 5:20pm
Yea I had that thought, but then I can't access international indices, stocks etc. charts.. its great for forex though, yes..
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #123
  • Sep 21, 2008 7:07pm Sep 21, 2008 7:07pm
Quoting dznmrd
Guyz, if your having trouble with platforms. Why not do a simple thing, Use a demo metatrader for analysis and execute the trades in the other platforms.
of coz..i have mt4 as well...but wanna knw t settings in oanda,,,


Sonic
  • #124
  • Sep 22, 2008 12:56am Sep 22, 2008 12:56am
Anyone can explain this strategy, I read the power point but not sure on some of the slides. Any webnair link I can follow or where can I learn in depth about this strategy.

Quoting dznmrd
Hi Guyz,

I know most of you will be much aware of this strategy, but for those who do not know or are new to forex, i would like to share the system.

The entire strategy is explained in the power point presentation,
Attachment

Ive created a template which you could use to preload indicators on the chart in metatrader.
Attachment
Attachment

Note: My friend from Malaysia turned 10,000$ to over 1,7 million in the 1st half of this year from this system and he also informs me that most people who have graduated using this strategy have become millionaires in short time spans!!

Note2 : All indicators can be found by default in metatrader here.
Attachment

Good luck to all and enjoy making pips!
  • #125
  • Sep 22, 2008 1:40am Sep 22, 2008 1:40am
Dear all,

Many of you are discussing wiseman 1 entry and exit. FYI in the book they didn't mention that this is a divine rules that we have to follow. As a start i'd like to suggest that we start with wiseman 3. Once you have master the technique then go for wiseman 2 and lastly wiseman 1. Why? wiseman 1 and 2 is counter trend. if it goes in our favor then we may hit the jackpot. Wiseman 3 is more like trend follower because we trade on a breakout of the main trend. Personally i think wiseman 3 shall gives you a better edge in your forex trading.

regards
  • #126
  • Sep 22, 2008 1:47am Sep 22, 2008 1:47am
kawe pun guno chaos jugok.. kawe tengok power point hok page depang tu.. kawe tera doh ar masuk gaponamo tu wiseman 1 tu keh, wiseman 2 wiseman 3.. tapi wiseman 1 tu keno sl sokmo la.. kawe keno sl wiseman 1, keno sl wiseman 2.. pahtu tadok pitih dohla nok masuk wiseman 3 margin kol doh.. ado sapo sapo leh bagi cadange dok caro nok guno molek system chaos ni.. kawe tok brapo pehe la.. napok supo sene.. tapi bilo guno keno sl sokmo.. tapi kalu keno sl sokmo, tokkan ramai lagi pengikut setio.. tu hok buat kawe pikir yg munkin kawe silap ni.. munkin ado caro yang lebih betul nok guno dio tu.. harp adao sapo sapo sini buleh tulom terang ngan ditil lagi deh..

**maahla kawe dok reti kecek ore putih.. baco jah reti..
  • #127
  • Sep 22, 2008 3:48am Sep 22, 2008 3:48am
Anyone have a pdf of this strategy i cant read the powerpoint file.


best regards
  • #128
  • Sep 22, 2008 8:43am Sep 22, 2008 8:43am
Quoting dznmrd
Guyz, if your having trouble with platforms. Why not do a simple thing, Use a demo metatrader for analysis and execute the trades in the other platforms.
I am not on Windows, so Metatrader is not a real option. Would have to run a windows VM on OS X all the time and I try to avoid that when possible. Besides that it is a pain in the butt to have always hundrets of programs for the same task, which always work a little different.

But the settings and indicators are no rocket science. It is not the most important point that a fractal is drawn in the chart, as you can learn to recognize the pattern and can use MA's instead of the Agillator. You just need to know what you do (which you always should) and what differences it will create...
  • #129
  • Sep 22, 2008 8:55am Sep 22, 2008 8:55am
Quoting sonicdeejay
of coz..i have mt4 as well...but wanna knw t settings in oanda,,,


Sonic
5,34 for the AO and just use ema 5,13,34 in place of the alligator. In platforms without the AO use the 5,34,5 macd based on H-L/2 this will duplicate the AO.
  • #130
  • Sep 22, 2008 9:00am Sep 22, 2008 9:00am
Quoting jgadefelth
Anyone have a pdf of this strategy i cant read the powerpoint file.


best regards
No pdf, but there is a presentation here http://www.alpari.co.uk/en/market-analysis-guide/chaos-theory/chaos-theory.html of the method as presented in New Dimensions. This uses the AC, which seems to have disappeared in the latest version and doesn't have w1 or w2 only w3, but maybe it will help.
  • #131
  • Edited Apr 28, 2010 3:24pm Sep 22, 2008 9:11am | Edited Apr 28, 2010 3:24pm
Quoting jgadefelth
Anyone have a pdf of this strategy i cant read the powerpoint file.


best regards
Hi jgadefelth,

Try to download this file, if you can't read please let me know.

Bull
  • #132
  • Edited Apr 27, 2010 2:35pm Sep 22, 2008 9:18am | Edited Apr 27, 2010 2:35pm
Quoting jgadefelth
Anyone have a pdf of this strategy i cant read the powerpoint file.


best regards
I converted the powerpoint to pdf.
  • #133
  • Edited Apr 27, 2010 2:34pm Sep 22, 2008 10:15am | Edited Apr 27, 2010 2:34pm
I know that Wiseman 1 must come first before we can accept Wiseman2 and Wiseman 3 like a valid entry add-ons. But reviewing the study manual i can see that BW take any and every signal entry of W2 and W3 without the previous W1.
And additionally he takes the break out fractal when the market is in sideways when supposedly it has to be taken in trending markets.
If anyone knows the reason, please let me know.
Thanks
  • #134
  • Sep 22, 2008 10:30am Sep 22, 2008 10:30am
Quoting dawveed
I know that Wiseman 1 must come first before we can accept Wiseman2 and Wiseman 3 like a valid entry add-ons. But reviewing the study manual i can see that BW take any and every signal entry of W2 and W3 without the previous W1.
And additionally he takes the break out fractal when the market is in sideways when supposedly it has to be taken in trending markets.
If anyone knows the reason, please let me know.
Thanks
In the first version of Trading Chaos 2nd edition, he used all three wisemen as initiating signals. He changed this very soon after publication. What dznmrd has shared is in fact the latest information. I've noticed too that sometimes he does not follow the rules about not trading when the alligator sleeps. There is in fact an example in the book where he initiates a trade during sleep. He doesn't explain it. Actually I think he trades by just feeling the market. He's been at it 50 years or whatever. The indicators and system were developed for people to learn by. I don't think he personally uses any of it. Like FTI on the 5 minute chart, he just whirls and dances to the rhythm of the market on the long term charts.
  • #135
  • Sep 22, 2008 3:47pm Sep 22, 2008 3:47pm
Quoting dawveed
And additionally he takes the break out fractal when the market is in sideways when supposedly it has to be taken in trending markets.

Thanks
Maybe to trade breakouts from sideway movements?
Your example shows it very well - but since there is a fractal in oposite direction, it would invalidate your entry point and you initiate another buy stop after the second buy fractal (6 bars later). You could also have initiated a sell stop after the sell fractal 4 bars later, which would never have been executed.
It's a bit more risky for the case that the range continues, but you don't loose many pips if it doesn't work (at least not in this case).
  • #136
  • Edited Mar 1, 2011 8:43pm Sep 22, 2008 4:09pm | Edited Mar 1, 2011 8:43pm
Possible W1 on 4H of Gbpusd. Bar hasn't closed yet. In a fib zone. I think this up move is corrective. I don't think it is an impulse wave up. Structure just isn't quite right for that. It reached the 100% alternate price projection (red fib) of what is probably wave A. We watch and see what it does. Could be just a move before starting a wave and could be the beginning of an impulse down.
  • #137
  • Sep 23, 2008 4:19am Sep 23, 2008 4:19am
that's it, i found my trading chaos book, will give it a read today-tomorrow and come back and discuss with you guys.
this is a goal of mine
Twitter: @forexpokerpro
  • #138
  • Sep 23, 2008 4:23am Sep 23, 2008 4:23am
Thank you Taxgeek and Bull now i can read up and learn this


best regards
  • #139
  • Edited Mar 1, 2011 8:43pm Sep 23, 2008 11:38pm | Edited Mar 1, 2011 8:43pm
Quoting taxgeek
Possible W1 on 4H of Gbpusd. Bar hasn't closed yet. In a fib zone. I think this up move is corrective. I don't think it is an impulse wave up. Structure just isn't quite right for that. It reached the 100% alternate price projection (red fib) of what is probably wave A. We watch and see what it does. Could be just a move before starting a wave and could be the beginning of an impulse down.

http://www.forexfactory.com/attachme...1&d=1222117777
As from the pic..u wil Short @ red line.,,,
I guess u earned few nice pips..at least 50 pips .but in D1 TF, it is still uptrend..and I am in for D1..

Good Job!
Sonic
  • #140
  • Sep 24, 2008 3:51am Sep 24, 2008 3:51am
Does any body have wiseman1 and wiseman2 indicators with alert?.

Thanks

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