Dislikedbiker did u read that book? if u do and add it to chaos u will not have problem with entry and sl on 15tf .....Ignored
a short from 158 and sl above the last fractal will be wise.
see you soon.
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Dislikedbiker did u read that book? if u do and add it to chaos u will not have problem with entry and sl on 15tf .....Ignored
DislikedI read in diagonal the book, but have not much time with my day job, the family and etc.
I will need more time to digest the information.
But only imagine that we have no time frame available lower than H4 - the rules established by williams in the first versions and second versions are different -
In the second version he abandon the fractal and try to get in much earlier with the divergent bars -
So from a trend following approach is gone to a counter trend approach...Ignored
DislikedI am working with chaos but i need to dictect the high and low bars 1-2-3 from fractals on 15-1hr tf. for my entry and sl below or above point 2 if up trend or downtrend..hope u understand that.
fractal was ignor later on and he ignor elliot wave and added wiseman.....what u should do now is to use 1-2-3 parttern on ur fractal, single fractal is not valid base on high and low ....Ignored
DislikedDonfriday,
I am new here in the thrread. I read Bill William's books and took the home studydourse as well.
Can u please explain what u mean by "i need to dictect the high and low bars 1-2-3 from fractals "?
Good tradingIgnored
DislikedDonfriday,
Page 9 has an example on 123. You mention a book. What book is it?
You also mentioned that bill williams does not use fractals and elliott . Elliott is not used except thru AO to identify possible end of wave 5.
But he makes use of fractals on wiseman 3 and breakout fractals.
Onyour last post u mentioned that u went short at 157.97. My last fractal is at 156.91. Can u please explain.
Thank youIgnored
Dislikedi am using 1-2-3 for my entry and exit ..if u look at the new book u will see that he base is entry on AO and gator,
Bill Williams doesn't talk about Gator and AC in his new book"Trading Chaos Second Edition"
1 fractal is not a valid until 5 fractals on same direction
I don't understand ???
so if u spot 15tf on fractal base on high and low u will understand how to pick ur entry....
wise man 3 is the point 2 and sl ant point 3 all this will show on 15tf or 1hr base on ur trading experience and acc size...
demo...Ignored
DislikedThank u so much for ur answer but I need some clarification.
So u look at a higher TF i.e 1H or 4H to determine trend and then u switch to a lower TF i.e 15min to for entry/exits based on the 123 pattern correct?
What abot AO. Do u make use of AO?
Thank you againIgnored
DislikedHello Donfriday,
I asked so many questions because I am trying to make my own plan based on Bill Williams method. I use 5 min TF for entry/exit. I use failure swing(it's similar to 123) and momentum oscilator to check overbought/oversold. I use Daily tf or 1H if Daily not clear to determine trend. Usually I look at 15 min as well but my entryexit is based on 5min.
I look at AO for divergence.
P.S The problem with Bill Williams method in forex is that we cannot use squats(since there is no vilume) to "confirm" the divergent bar.
Regards...Ignored
Dislikedstill on short lock in pips ....no clear direction till we close last market let see how we open tonight.Ignored
DislikedGoodmorning firends,
Looking at EURUSD at this momemnt my bias is uptrend. Daily is up, Hourly down(although I beleive it will take out 1.4137!).
15 min there is a divergence between price and AO so I beleive it will move higher.
GBPJPY daily is UP, Hourly in a range, 15 min UP but oversbought so after the immediate corection I see move to the upside with target 158.22.
RegardsIgnored
Dislikedgood point about gj...thsi scenario now is mix up so i am waiting for clear direction my short last week got closed with lock in pips so i need a clear entry to take a position..
u are free to post about the pairs u trade in..i trade GJ alot that is why so u welcome ..Ignored
DislikedBecareful on GBPJPY I see alot of divergence.
Perhaps we are moving south.
What do u think?Ignored