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Profitunity (Chaos) Trading System by Bill Williams

  • #681
  • Mar 29, 2009 1:28am Mar 29, 2009 1:28am
Quoting MightyMouse
The MFI is a 2 bar indicator. How would you judge if we are in a ranging market or trending market by looking at 2 bars?
The MFI is outdated but still can be used as a supporting tool. BW emphasize in using the AO in his latest Trading Chaos.
  • #682
  • Mar 30, 2009 5:39am Mar 30, 2009 5:39am
Quote
The MFI is outdated but still can be used as a supporting tool. BW emphasize in using the AO in his latest Trading Chaos.

Though I ve not seen anyone i know using MFI, from reading about MFI, I find it to be very logical .


Are u sure if AO is used to find whether a given market is trendy or range ?

Do u have MFI indicator for MT4 platform ? I would be grateful if u can give that to me .
  • #683
  • Mar 30, 2009 2:15pm Mar 30, 2009 2:15pm
Quoting avi007i
Do u have MFI indicator for MT4 platform ? I would be grateful if u can give that to me .
it's under the Williams tab ...
"Believe nothing you hear and half of what you see." Proverb
  • #684
  • Mar 31, 2009 5:16am Mar 31, 2009 5:16am
gr8 thanx !
  • #685
  • Apr 8, 2009 6:15am Apr 8, 2009 6:15am
If you are looking forward to understand and follow this thread, download the book

http://www.mediafire.com/?wmqgtfwwbmx
{Promotion Removed}
  • #686
  • Apr 8, 2009 11:26am Apr 8, 2009 11:26am
Hi guys,

I found this pdf file which gives a pretty good detail summary on the chaos system.
check it out.
Attached File(s)
File Type: pdf bill_williams_developed_unique_trading_concepts_by_combining_trading_psychology_with_the_chaos_theor   208 KB | 7,933 downloads
  • #687
  • Apr 9, 2009 3:33am Apr 9, 2009 3:33am
Quote
Hi guys,

I found this pdf file which gives a pretty good detail summary on the chaos system.
check it out.

it was a good read. But not detailed enough for me. I want to know more of the wiseman as described by Justine ppt slide.
There doesnt seem to be much stuff out there on the net. I've search on this forum , but fragments here and there.

I found this link, good video and how to use stochastics with alligator.
I will be posting my results shortly based on the the pdf
  • #688
  • Apr 9, 2009 5:42am Apr 9, 2009 5:42am
Quoting MindsetMastr
it was a good read. But not detailed enough for me. I want to know more of the wiseman as described by Justine ppt slide.
There doesnt seem to be much stuff out there on the net. I've search on this forum , but fragments here and there.

I found this link, good video and how to use stochastics with alligator.
I will be posting my results shortly based on the the pdf
The book and the pdf of those two previous posts refer to CHAOS I, whilst the ppt presentation and (the whole WIseman1 concept) refer to CHAOS II, which is a different book - actually the third!

Forex37
  • #689
  • Apr 9, 2009 8:29pm Apr 9, 2009 8:29pm
Quote
The book and the pdf of those two previous posts refer to CHAOS I, whilst the ppt presentation and (the whole WIseman1 concept) refer to CHAOS II, which is a different book - actually the third!
I will have to add "chaos 2" book to my shopping list.

anyway, last night I placed four trades and only one was successful. even worse, I incorrectly calculated the lot size causing huge losses.

I'm reflecting where I went wrong .
the blue lines are the stop loss/ take profit while the green is the entry.

But to summarize, I should have bailed out when the priced striked the teeth, but since my trading style is to place a trade and let it run, it doesnt suit me. Also I should wear glasses when I trade. the 3/4 trades were clearly non trending. I just noticed that after watching my video journal. another thing I have to remember but not relatd to williams, not trade same base pair at the same time for multiple trades.

Bad Trade -
I should have not traded, large spike in the last hour. I got mislead by the slope direction indicator. But clearly non trending

http://mindsetofamaster.com/forex/media/badtrade.JPG

http://mindsetofamaster.com/forex/media/badtradend.JPG

also as pdf clearly says on page5
Quote
Important:
•
We would not take a buy if a fractal is formed below the Alligator's teeth.
I neglected this, infact totally wrong, but I was on track with the next




Good Trade -
The stochastics sell signal helped filter this trade. I placed my stop loss on the bottom fractal and take profit above the previous buy fractal. also I traded away from lip and was trending upwards. also buy fractal formed above alligator mouth.

http://mindsetofamaster.com/forex/media/goodtrade.JPG
http://mindsetofamaster.com/forex/me...odtradeend.JPG



I noticed that the winning trade had symbol "5" before entering (see under bottom fractal) but disappeared later.

But I kinda get it, the buy fractal must be above the alligators mouth.

more later

-Andy
  • #690
  • Apr 11, 2009 3:55pm Apr 11, 2009 3:55pm
Quote
Hi TraderChaos;

If you still need the book Trading Chaos 2d Edition, just let me know (send me a PM). I can send you a free PDF of that book.
Hello Alexis, can I get copy?

Thanks!
  • #691
  • Apr 11, 2009 9:28pm Apr 11, 2009 9:28pm
The bollinger bands tell me there will be a large breakout shortly.

I want to test the williams method, preferably get some input from the "EXPERTS" before the market reopens and check the accuracy of this method first hand.

http://mindsetofamaster.com/forex/me...atorAUDUSD.jpg
anyway, here goes!!

alligator is trending up previously, the price has just cut through the alligator's teeth. Probably a good time to close the position. (But I get a funny feeling that it's going to breakout, instead perfect time to open a position????)



Gator is showing the distance between the mouth of the alligator, and shows mouth closed. But mouth will open shortly (p4/18)

AC is showing TWIN PEAKS BUY Signal (p8/18).

AO is showing red bars, the last two show it's descending. I guess if the next bar is green. then we get the "SAUCER BUY SIGNAL) (p6/18)

BW MFI indicator is showing volume decreasing and BWMFI is pointing higher. which means It's heading in one direction (reference p18/18)


Conclusion is?
I think that the market will shoot up dramatically based on the assumption on AC. But once the AO shows a green bar above zero. this will be confirmed.

If I'm right, does that mean, I enter the trade with the market hits 72.09 (the last fractal - sell).
  • #692
  • Apr 13, 2009 2:19am Apr 13, 2009 2:19am
When the market opened, it jumped 42 pips. no big deal. (see above 0.7185 to 0.7227)
http://mindsetofamaster.com/forex/me...rAUDUSDWIN.jpg
Unfortunately, my account expired, but I re-entered the trade an hour later.
But like usual, when the market gaps up, it usually gaps down later.
infact the next hour.

Risk % 3.0% Take Profit Price 0.72410
Current Price 0.72020 Stop Loss Price 0.71630
Stop Loss Distance 39
Take Profit Distance 39

The risk/reward is about equal. I exited just now from the trade.

I managed to reopen a new practice account in the nick of time, but made a measily 20 pips. But I made two trades as I was confident. Also , when I came in late, the risk/reward was bad. and dont recommend it. I exited my trade early, but I predict it will go higher.


If I can repeat this 7 days a week, this would be good. time will tell.
  • #693
  • May 4, 2009 6:54am May 4, 2009 6:54am
Hi:
Do you guys use daily,weekly and monthly lines(S,R,PIVOT)for your targets and special avoid entering to position when one of them are near your triger area?
special in New Trading Dimensions(NTD)
  • #694
  • May 21, 2009 5:53am May 21, 2009 5:53am
Quoting strategy
Hi:
Do you guys use daily,weekly and monthly lines(S,R,PIVOT)for your targets and special avoid entering to position when one of them are near your triger area?
special in New Trading Dimensions(NTD)
Pleae pm me, or if u have yahoo my id egkid2002
  • #695
  • Jun 2, 2009 3:25am Jun 2, 2009 3:25am
what's going on now? is that a profitable system？？？？
  • #696
  • Jun 13, 2009 7:26am Jun 13, 2009 7:26am
Hi traders of chaos.. i just want to drop u a line here, this is my first time posting here but i am also chaos trader and will soon open a thread for bill Williams trading chaos strategy



feel free to holla back if u need info about chaos method..
MY OPINION NOT FINANCIAL ADVISE
  • #697
  • Jun 14, 2009 2:09pm Jun 14, 2009 2:09pm
Quoting bobowang
what's going on now? is that a profitable system？？？？

chaos is a great system..simple and profitable if u trade with sl and discipline..

http://www.forexfactory.com/showthread.php?t=175762
MY OPINION NOT FINANCIAL ADVISE
  • #698
  • Aug 4, 2009 5:28am Aug 4, 2009 5:28am
Hi all:: I have glanced through Bill Williams books and they look interesting to me but i could not read them completely (boring due to philosophical details).

I have 3 point

1:: Has any one of you gentleman tried this system on live account and what were the result??? Is this system worth a try?? should one devote himself to this system leaving others???

2:: I have 2 or 3 books of Bill Williams in pdf format; will it be ok / legal to post them here if some one wants them???

3::Can any gentleman please draw a comparison between this system and the other systems like 4H Nanningbob; 4H Hekin Ashi; 4H cornflower etc
  • #699
  • Aug 4, 2009 6:25am Aug 4, 2009 6:25am
This method is used by many..... and it is as effective as you make it... you will have to study and practise as with any system.

I dont think you would have to post the books as they are already posted in a few places.
  • #700
  • Aug 4, 2009 6:34am Aug 4, 2009 6:34am
Quoting bils32611
Hi all:: I have glanced through Bill Williams books and they look interesting to me but i could not read them completely (boring due to philosophical details).

I have 3 point

1:: Has any one of you gentleman tried this system on live account and what were the result??? Is this system worth a try?? should one devote himself to this system leaving others???

2:: I have 2 or 3 books of Bill Williams in pdf format; will it be ok / legal to post them here if some one wants them???

3::Can any gentleman please draw a comparison between this system...
bill williams is like every other system, this method not good for scalping or low momentum market...so u need to study it very well...i have traded it before and still use this system sometime but i dont post on it anymore..
it will take time but u will find it useful if u add good MM .
MY OPINION NOT FINANCIAL ADVISE
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