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Bill Williams Profitunity Chaos Trading

  • #161
  • Jun 29, 2009 8:49am Jun 29, 2009 8:49am
My screen capture program expired. I will look for another one and post a new divergence.

Regards
  • #162
  • Jun 29, 2009 8:52am Jun 29, 2009 8:52am
Quoting thalassi
My screen capture program expired. I will look for another one and post a new divergence.

Regards

you dont need any screen capture ..all you do is right click and save as picture and active chart ..
i am not sure the type of chartting software u are using ...
MY OPINION NOT FINANCIAL ADVISE
  • #163
  • Jul 4, 2009 1:35pm Jul 4, 2009 1:35pm
PA is bearish after a week consolidation price close below the 157 resistance..
not sure about the gap so will not mention where it should go...
weekly chart need to form 5ths fractal to rise further and we have a sell rally till now.
this are just my expecting for the week and possible we rise from 150 as the major pull back on fibo level...
you can ask question about this if i make mistake..
trade your chart trend is your friend.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot Studio capture #24.png Size: 54 KB
MY OPINION NOT FINANCIAL ADVISE
  • #164
  • Jul 8, 2009 1:01am Jul 8, 2009 1:01am
Hello I'm a novice in Forex and in Chaos system and I've some questions for you :

I was thinking about entry using breakout fractals but I read different rule for a VALID signal...

 

  1. The buy/sell fractal is valid when is above/below alligator's teeth (red line)
  2. The buy/sell fractal is valid when THE PRICE TRIGGER IT above/below alligator's teeth
  3. The buy/sell fractal is valid when is above/below and OUT of alligator's mouth (so above alligator's jaw / below alligator's lips )

I got a bit confused, what's the right condition for a valid signal? here some images of the above examples:

(I post links because I prefer keep screenshoots with full size )

 

  1. http://img9.imageshack.us/img9/7956/eurusdj.jpg
  2. http://img401.imageshack.us/img401/290/eurusd2.jpg
  3. http://img39.imageshack.us/i/eurusd3.jpg/

I don't want to be too much "accurate" but... when I can consider a fractal above/below or outh of alligator's mouth? I've to look for the whole candle/bar or just at high/low of it?
Also... If I've to entry with breakout fractal, I can consider right enter the last valid fractal on the chart ignoring the following false fractal?
I'm sorry if I disturb you with ten thousand questions but I hate don't be sure of something.... especially in Forex

Thank you for your help mates

  • #165
  • Jul 8, 2009 1:09am Jul 8, 2009 1:09am
Quoting Xhandal
Hello I'm a novice in Forex and in Chaos system and I've some questions for you :

I was thinking about entry using breakout fractals but I read different rule for a VALID signal...

 

  1. The buy/sell fractal is valid when is above/below alligator's teeth (red line)
  2. The buy/sell fractal is valid when THE PRICE TRIGGER IT above/below alligator's teeth
  3. The buy/sell fractal is valid when is above/below and OUT of alligator's mouth (so above alligator's jaw / below alligator's lips )

I got a bit confused, what's the right condition...

i only use breakout fractal sometime but most of my trade base on divergence and anagulation....i use fractal to spot 1-2-3 waves of High and low in the law of chart..
sometime price will take fractal and go other way so i dont base my entry on it so u should focus more on the divergence and W1.
in every system u need to ass ur own physiology to it so that u can archive ur goal..
what else u want to know..
have u read the 2nd edition?
MY OPINION NOT FINANCIAL ADVISE
  • #166
  • Jul 8, 2009 10:17am Jul 8, 2009 10:17am
Thank you Don for your answer
I'm still reading Bill Williams books, I'm on the first "trading chaos" one and I read something of the second edition. I'll come back here when I will finish all three books (3-4 days I think)

My regards
  • #167
  • Jul 8, 2009 10:33am Jul 8, 2009 10:33am
Quoting Xhandal
Thank you Don for your answer
I'm still reading Bill Williams books, I'm on the first "trading chaos" one and I read something of the second edition. I'll come back here when I will finish all three books (3-4 days I think)

My regards
u are welcome, at first i know nothing about chao but i got the first book and read it along the way i read some part about the newbie wanted to be enlightered i read it and became more interesting to em so i have to continue and so far i am safe..
feel free to post .
i stay close to the divergence and the anagulation more so trade safe.
MY OPINION NOT FINANCIAL ADVISE
  • #168
  • Edited 3:14pm Jul 8, 2009 2:55pm | Edited 3:14pm
I finished Trading Chaos 1st edition and I'm reading the second one.
Don can you show me a bad angulation? I really can't see the difference beetwen a good and bad one, I only see nice angulations.... I saw an angulation on Bill Williams book too but he says is a fake divergent bar.... he plot two parallel line but one starts where the price cross alligator, the second one starts upper...not on the cross point, that don't make sense to me
Would be helpful see a bad one on your charts Don

EDIT: I read alot about MFI but some people say it's useless in Forex market, did you try to use it?

EDIT2 : I think I just understood something about bad angulation looking different charts on chaos trading 2... but would be nice if you can show me one , Can I consider this a ugly angulation? http://img15.imageshack.us/img15/9392/eurusd4.jpg
  • #169
  • Edited 9:11pm Jul 8, 2009 7:00pm | Edited 9:11pm
u need to ignor that wiseman 2 indicator u are using, i dont find it valid it will put u on wrong trade just follow the system and u pick the good entry and exit point base on PA..
what are u using that Bottom gator for when u already have alligator on your chart?
the anagulation of ur chart should start from the top fractal where lips cross..
..
u should read the 2nd book very well u will understand the principles

this is what good anagulation should look like...ur anagulation line was not draw perfect.
Attached Image
MY OPINION NOT FINANCIAL ADVISE
  • #170
  • Jul 9, 2009 4:20am Jul 9, 2009 4:20am
Thank you Don, I finished the second edition too, now everything is clearer
What about the adding signal of the first edition? Saucer, Ao cross, twin peaks, AC two-bar and three-bar and Green/Red Zone? I think Green/Red Zone is really interesting, seems a pity don't use it

P.S got a good Bearish Divergent bar right now on EUR/USD, good angulation, counter-trend seems confirmed
  • #171
  • Jul 9, 2009 4:29am Jul 9, 2009 4:29am
Quoting Xhandal
Thank you Don, I finished the second edition too, now everything is clearer
What about the adding signal of the first edition? Saucer, Ao cross, twin peaks, AC two-bar and three-bar and Green/Red Zone? I think Green/Red Zone is really interesting, seems a pity don't use it

P.S got a good Bearish Divergent bar right now on EUR/USD, good angulation, counter-trend seems confirmed

well you free to post ur analysis on other pairs but right now i only focus on 2 pairs on 1 screen GJ and GU so i dont miss the signals 2 pairs make money not until u trade 5 or more pairs, just dont want to get confuse as i need to stay close to every movement of the trend and signal of profitunity system.
now you know what good anagulation mean and dont forget alligator lip must cross and sleep while it open and anagulate with the doen fractal and divergence bar will follow it...with this u have wise man 1 and u safe to enter even u lose it but when u trade ur system u stand the chance of winning most of ur trades.
check ur PM and reply.
MY OPINION NOT FINANCIAL ADVISE
  • #172
  • Jul 9, 2009 5:14am Jul 9, 2009 5:14am
long time mate ..where have u been and what going on with ya biker
MY OPINION NOT FINANCIAL ADVISE
  • #173
  • Jul 9, 2009 5:19am Jul 9, 2009 5:19am
Well I got stopped, that was a fake divergent bar... , I think I was wrong on anagulation, price was too much parallel to jaw line, oh my... I looked on 1h chart (using 15M TF) and everything was green, that short wasn't a good idea I guess.
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  • #174
  • Jul 9, 2009 5:34am Jul 9, 2009 5:34am
Quoting Xhandal
Well I got stopped, that was a fake divergent bar... , I think I was wrong on anagulation, price was too much parallel to jaw line, oh my... I looked on 1h chart (using 15M TF) and everything was green, that short wasn't a good idea I guess.

try and study it more and pick ur wiseman 1 on smaller tf or 1hr for clear signal u will see...divergence are not so hard to identify ...there is hidden divergence also so make sure Ao green and that lower low match the divergence.
dont enter when AO dont signal...but find ur own tf ..
MY OPINION NOT FINANCIAL ADVISE
  • #175
  • Jul 9, 2009 5:46am Jul 9, 2009 5:46am
Anyone in here looking to short at 151.20 area ? Looks to me like the wave complete and its now time for a 3 wave down...

Just wondering if anyone else in here is short too ?
  • #176
  • Jul 9, 2009 5:50am Jul 9, 2009 5:50am
Quoting Robby
Anyone in here looking to short at 151.20 area ? Looks to me like the wave complete and its now time for a 3 wave down...

Just wondering if anyone else in here is short too ?

u only talk about chaos system or if u want to learn,,,,i dont know anything about EW and i dont see gj going down ..
if i follow 4hrs chart AO is green 2 so i am waiting for 1 more green and wise man 3 complet..
shorting is dangerous here just trade your chart.
MY OPINION NOT FINANCIAL ADVISE
  • #177
  • Jul 9, 2009 5:56am Jul 9, 2009 5:56am
never head of chaos system system? well, on longer term charts we are at h-support and near trendline support too...so for me the risk to reward is in my favor for short. why I am in short.
  • #178
  • Jul 9, 2009 6:12am Jul 9, 2009 6:12am
Well, the last bearish db seems another fake, angulation is bad as the last one. I observed that when a fake bearish db is triggered, price tends to bounce on the first fibonacci retracement... maybe because momentary short bias is really weak? There could be another fractal that will confirm the uptrend moviment. Let's see what will happen


P.S. I'm a novice, so if I write something that sounds stupid don't worry
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  • #179
  • Jul 9, 2009 6:12am Jul 9, 2009 6:12am
Quoting Robby
never head of chaos system system? well, on longer term charts we are at h-support and near trendline support too...so for me the risk to reward is in my favor for short. why I am in short.
well chaos is common maybe u heard of profitunity system
this is my view
Attached Images
MY OPINION NOT FINANCIAL ADVISE
  • #180
  • Jul 9, 2009 6:20am Jul 9, 2009 6:20am
Quoting Xhandal
Well, the last bearish db seems another fake, angulation is bad as the last one. I observed that when a fake bearish db is triggered, price tends to bounce on the first fibonacci retracement... maybe because momentary short bias is really weak? There could be another fractal that will confirm the uptrend moviment. Let's see what will happen


P.S. I'm a novice, so if I write something that sounds stupid don't worry

look at 4hrs eu is uptrend ...15min chart u post as a valid BDB to retrace but not for intraday because no signal for short yet we have a hidden bearish divergence so 1hr divergence is very good to take if u can wait ..
just what i see here i dont know others.

always wait for change of AO to decide trend okay.
MY OPINION NOT FINANCIAL ADVISE
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