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Chaos Trading System

  • #261
  • Jan 27, 2009 3:46pm Jan 27, 2009 3:46pm
Quoting sinisabrkic
Hello everyone
First I apologize for my bad English.
I am new here, but it keeps track of your writing and the first that you want to boast, because you are trying and help each other and especially the people who are new. I am only 20 days began to teach Bill William's Chaos Theory, so far I have used other strategies. On the forex I'm 10 months and I trade live by a little exercise demo. I want you to show otherwise my practice these days with fractals and from tomorrow begin live and I think that this is always a great strategy...
Some of what Williams wrote about Balance Line trades and Blue Light Specials may prove very applicable to your approach. May help to keep you out of some of the "nasty" ones and let you take home a few more pips on the good ones..
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #262
  • Jan 27, 2009 3:53pm Jan 27, 2009 3:53pm
hahah really good chart fxhermit especially that I upload what I threw up .. real nasty ... j/k
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #263
  • Jan 28, 2009 5:04pm Jan 28, 2009 5:04pm
guys, am back , have read and understood bw books , made my trade and won 75 pips today.Good for me after losing som much in so few weeks.There is still something though thats stil confusing me about the fractals.A buy fractal may appear sometims whilst there is a reversal in direction , and the sell fractal might appaer after a big move and would have missed early entry.Is it correct to just get in without a fractaal showing in the direction of the trade or we MUST wait for that fraactal to appear?.
  • #264
  • Jan 29, 2009 4:48am Jan 29, 2009 4:48am
This is usdchf 10min. Good resistance at the redline I drew. Let's see when it's gonna get taken ...
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 28 KB
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #265
  • Jan 29, 2009 12:43pm Jan 29, 2009 12:43pm
You made at most 138 pips on that trade today didnt you slight? i have just checked you USD/CHF , it broke support to land at 11407 at 3pm GMT , i was on it as well , well done mate , Keep it up .For your info , i only had £5 per point , which wasnt bad .
  • #266
  • Jan 29, 2009 12:51pm Jan 29, 2009 12:51pm
Hey tafadzwa02,
I didn't even close that trade yet... I was just watching it on this 10min chart to see some s/r action, while I am trading it on the 4h/daily. Hopefully it comes back down. five pounds per pip is not that bad imo
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #267
  • Jan 30, 2009 7:17pm Jan 30, 2009 7:17pm
  •  Nimrod
  • | Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts
To fxhermit and slight,

Hi guys, I like you guys to know that I really enjoy the posts and comments here.I m hoping that more will contribute in the chaos analysis.As a newbee I really appreciate the input you guys gave all these while. Salute and thanks and keep it up.

Nim

p.s Where is star? Its been a while since I saw his post.Hopefully to hear from him soon.
  • #268
  • Jan 31, 2009 5:30am Jan 31, 2009 5:30am
He's probably too busy trading intraday and explaining the whole EW thing to people
I am glad I can help, Nimrod. Feel free to post charts etc to finetune your, and our trading too =)
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #269
  • Jan 31, 2009 7:26am Jan 31, 2009 7:26am
Hello Nimrod,

Sorry for being silent here. Slight is right, I'm buzzy those days, trading, learning the waves.....
Please feel free also to post some of your charts, we can discuss on what you saw on it.

You can have a look at the 2 charts I posted here, the 1st one is D1 Cable. I'm looking for an entry short. So, I'm interested to know when this move up will be finished (red dashed arrow).
I want to "zoom" in this up move to count the inside waves.
According to BW's we have to find a TF where this move occur inside an area of 100-140 bars.
We can see that on the 60m.

What do you think ?

All the best and good trading !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $GBPUSD 2009-01-31 (1440 Min).jpg Size: 78 KB
Click to Enlarge Name: $GBPUSD 2009-01-30 (60 Min).jpg Size: 100 KB
  • #270
  • Feb 1, 2009 6:14am Feb 1, 2009 6:14am
  •  Nimrod
  • | Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts
Quoting starskovsky
Hello Nimrod,

Sorry for being silent here. Slight is right, I'm buzzy those days, trading, learning the waves.....
Please feel free also to post some of your charts, we can discuss on what you saw on it.

You can have a look at the 2 charts I posted here, the 1st one is D1 Cable. I'm looking for an entry short. So, I'm interested to know when this move up will be finished (red dashed arrow).
I want to "zoom" in this up move to count the inside waves.
According to BW's we have to find a TF where this move occur inside an area of 100-140 bars.
We...

Hi star,

Honestly, I m a beginner my self and new to chaos trading.I m getting the Bill william book New Trading Dimension by this week on priority shipment and the Chaos Trading 2nd edition.I m eagerly to learn elliot wave theory as you did.Hopefully I ll be able to put some insight as well.I m learning a lot form you guys here and that is a fact.

I m sure fxhermit and slight have better understanding on the 5 wave in the Daily chart.
I m just guessing based on market sentiment a breakout might take place where Cable might go up heading 1.49 ish this comming days before it rebound to form the 5th elliot wave in your daily chart :nerd:Just my 1cent.

what do you guys think?
  • #271
  • Feb 2, 2009 12:56am Feb 2, 2009 12:56am
Phew! Last week was a beauty, hope you all rang up the pips. A solid countertrend (corrective) wave early in the week followed by a very nice impulse wave that is currently still intact. The beginning of the impulse wave got off to a bit of a volatile start but there were some nice add on trades (1hr, 30 min) along the way. Price has just broken through a support level. Remains to be seen if there will be a re-test and continuation or a full blown corrective wave as price is also beeing supported by the mid channel sloping trendline. Just updated my trendlines.
Attached Images
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #272
  • Feb 2, 2009 1:07am Feb 2, 2009 1:07am
Nimrod wrote - "I m getting the Bill william book New Trading Dimension by this week on priority shipment and the Chaos Trading 2nd edition."

Enjoy your immersion into the land of Chaos.
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #273
  • Feb 2, 2009 1:30am Feb 2, 2009 1:30am
  •  Nimrod
  • | Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts
Quoting fxhermit
Nimrod wrote - "I m getting the Bill william book New Trading Dimension by this week on priority shipment and the Chaos Trading 2nd edition."

Enjoy your immersion into the land of Chaos.

Hi fxhermit,
You bet I will bro.I m still waiting for the book New Trading Dimension.Its still within the custom authority.Hope the D*L guys sort things out by today.I just cant wait.The Alligator is seeing the bears and bulls in the horizon.
BTW i m short on the Eur/usd too.Holding my grounds.
Keep on posting brother fxhermit.
  • #274
  • Feb 2, 2009 12:59pm Feb 2, 2009 12:59pm
Well. I guess that I got my answer. The remainder of my last weeks trades were stopped out in profit and I am now flat the market. There was technically an entery on the 1 hr (barely), although I was not around to take it and would probably been hesitant to do so. I now have a wait and see attitude to see where the next set of fractals, etc. form.
Attached Image
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #275
  • Feb 3, 2009 3:32pm Feb 3, 2009 3:32pm
slight, can i ask you something about trading in the zone.? you know when BW says you can buy when The AO and thee AC are green (red) etc , does it then means that we can buy even when the signal is under the red line , or we NEVER buy when we get a signal if the signal is under the teeth , or NEVER sell if the signal is over the teeth.?
  • #276
  • Feb 3, 2009 4:43pm Feb 3, 2009 4:43pm
Decided to drop down to the 30 min to find a tradable fractal. So far so good. Price is near to the top of the channel - let's see what happens. Gotta love those trendlines.
Attached Image
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #277
  • Feb 3, 2009 5:02pm Feb 3, 2009 5:02pm
Quoting tafadzwa02
slight, can i ask you something about trading in the zone.? you know when BW says you can buy when The AO and thee AC are green (red) etc , does it then means that we can buy even when the signal is under the red line , or we NEVER buy when we get a signal if the signal is under the teeth , or NEVER sell if the signal is over the teeth.?
I like my entry fractals to match the requirement to be above the red line for a long and below for a short. I don't pay attention to the AO color in this case. The AO is really only there to add up after 3 consecutive red/green bars in a trend, or use it to trade waves. Therefore, it is a momentum indicator too, even though you don't use it for waves. However, this derives from the 2nd edition of BW's books. I don't know if you find other information in different books..


fxhermit, you are looking for a short now if it doesn't go above the resistance line we have above the last high on your chart? And long if it breaks .. ?!
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #278
  • Feb 3, 2009 5:43pm Feb 3, 2009 5:43pm
Quoting Slight
fxhermit, you are looking for a short now if it doesn't go above the resistance line we have above the last high on your chart? And long if it breaks .. ?!
Yes, kinda, sorta. I don't want to do to much "predicting" but it certainly makes sense to watch for one or the other around the trendline "heads up" areas. I am quite willing to "Stay calm, be brave and wait for the signs" as per Jasper Friendly Bear's advice. It has proven to be good advice on more than one occassion.

What I particularly like about Trading Chaos is that it gives us the signals according to the underlying structure of the market as it unfolds. I have gotten to the point in my trading approach where I see the wisdom in keeping it all rather straight forward. That means less and less attempts at predicting and just letting the signals unfold in the "heads up" areas and taking advantage of them as they happen (particularly those initiating fractals). I guess that it's my way of being in the "traders zone".
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #279
  • Feb 3, 2009 7:14pm Feb 3, 2009 7:14pm
Here are a couple of MT4 talking trend lines. I set them around a price area (fractal) that I might be interested in and then I don't have to constantly monitor the screen. Once the sweet lady talks to me I can come and evaluate the situation.

Place the trendlines in the indicators folder as per usual. Place the sound (.wav) files in the sounds folder. Parameters can be adjusted to your liking. I usually have the alert set to trigger 5 pips away from the trendline.

Thanks to Accrete for doing the coding.
Attached File(s)
File Type: zip ATM_TLineAudioFallingAlert[1].zip   81 KB | 664 downloads
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #280
  • Feb 3, 2009 11:30pm Feb 3, 2009 11:30pm
Here is an indicator that draws horizontal trendlines from the daily, 4hr, 1hr & 15min fractals. The nice thing about it is that it shows the lines from the higher timeframes in the lower timeframes as well. Since fractals are such an integral part of Trading Chaos, this indicator should prove its self to be quite useful. The only criticism that I have is that it can make the charts look rather "busy".
Attached File(s)
File Type: mq4 #KG Support and Resistanceperu.mq4   5 KB | 644 downloads
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
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