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Bill Williams Profitunity Chaos Trading

  • #181
  • Jul 9, 2009 6:33am Jul 9, 2009 6:33am
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

i cannot open the file with adobe..what did u use to open it after downloading it?
MY OPINION NOT FINANCIAL ADVISE
  • #182
  • Jul 9, 2009 6:48am Jul 9, 2009 6:48am
Quoting donfriday
well chaos is common maybe u heard of profitunity system
this is my view
Hmm....well I still think my short is correct....but time will tell....I am at no risk now in my short so. The RR is correct.
  • #183
  • Jul 9, 2009 6:51am Jul 9, 2009 6:51am
Quoting Robby
Hmm....well I still think my short is correct....but time will tell....I am at no risk now in my short so. The RR is correct.

u have short cus ur system says so, i did not cus i was not sure that is a discipline so congrat....OHLC will tell
MY OPINION NOT FINANCIAL ADVISE
  • #184
  • Jul 9, 2009 6:57am Jul 9, 2009 6:57am
Hi all, I studied all of BW 3 books about 2 years ago, they are very good, have good ideas.... just to let you all know, BW original strategy was based on the sleeping market (aka when the aligator is closed for a long period of time). BW would place pending sell and buy entries on sell and buy fractals respectively and wait for the break out, with stop losses at the opposite fractals (so where the buy fractal pending order is placed, there would be a stop loss for the sell fractal pending order and vice versa). He would exit his positions upon the closing of a bar below (for buy) or above (for sell) the red line (teeth).

I played his strategy for some time, but just like with any other strategy, your experience is what counts the most, along with your risk management.

Just to let you know, BW uses other tools as well to study the markets, not just the chaos theory.
Trade in the now
  • #185
  • Jul 9, 2009 7:03am Jul 9, 2009 7:03am
Quoting alldirex
Hi all, I studied all of BW 3 books about 2 years ago, they are very good, have good ideas.... just to let you all know, BW original strategy was based on the sleeping market (aka when the aligator is closed for a long period of time)....
that is true, i dont trade it alone either i have other experience too and add 1-2-3 HL and low to it so chaos this should do and it is ..
thanks for the post
MY OPINION NOT FINANCIAL ADVISE
  • #186
  • Jul 9, 2009 7:18am Jul 9, 2009 7:18am
Quoting donfriday
i cannot open the file with adobe..what did u use to open it after downloading it?
Sent a PM
  • #187
  • Jul 9, 2009 7:31am Jul 9, 2009 7:31am
Well, on EUR/USD 15M TF there were three valid bearish db with a OK angulation... but they just retraced fibonacci levels, that's logic, on 1H TF we was and we're into an uptrend, so there weren't big chances of a good reversal from bearish dbars on 15M TF. Always have to check the bigger timeframes and divergences...I did a mistake.
  • #188
  • Jul 9, 2009 7:50am Jul 9, 2009 7:50am
Quoting Xhandal
Well, on EUR/USD 15M TF there were three valid bearish db with a OK angulation... but they just retraced fibonacci levels, that's logic, on 1H TF we was and we're into an uptrend, so there weren't big chances of a good reversal from bearish dbars on 15M TF. Always have to check the bigger timeframes and divergences...I did a mistake.

yes exactly what i was saying ..15tf was biulding bearish divergence for retrace while the last bar that make it confirmed and the fractal was taking but it was a retrace not a main trend ...
u need to specify ur trade with higher time frame 1hr-4hrs and daily so that u dont get kicked out .
trade with pending order and read more about fractal...i will send u a file on FF okay.
MY OPINION NOT FINANCIAL ADVISE
  • #189
  • Jul 9, 2009 7:57am Jul 9, 2009 7:57am
Quoting donfriday
yes exactly what i was saying ..15tf was biulding bearish divergence for retrace while the last bar that make it confirmed and the fractal was taking but it was a retrace not a main trend ...
u need to specify ur trade with higher time frame 1hr-4hrs and daily so that u dont get kicked out .
trade with pending order and read more about fractal...i will send u a file on FF okay.

u can see some range alligator on smaller tf so stay away and use ur pending order wisely read the fractal direction trend should change or we range and range till tomorrow.
trend is your friend ..i am out now c ya later when am back.
MY OPINION NOT FINANCIAL ADVISE
  • #190
  • Jul 9, 2009 10:59am Jul 9, 2009 10:59am
Quoting donfriday
i cannot open the file with adobe..what did u use to open it after downloading it?
what i see sitting u dont see it standing..profitunity give u a clear entry of counter trend to stay safe and comfortable with your trade when it triggered ..
hope u keep saving the green pips..
MY OPINION NOT FINANCIAL ADVISE
  • #191
  • Jul 9, 2009 2:34pm Jul 9, 2009 2:34pm
Quoting Robby
Hmm....well I still think my short is correct....but time will tell....I am at no risk now in my short so. The RR is correct.

i wish you know what i see ...lol
MY OPINION NOT FINANCIAL ADVISE
  • #192
  • Jul 10, 2009 10:40am Jul 10, 2009 10:40am
Thanks for your suggestion. I will follow your thread and learn more about forex (+ research) before diving in. For the time being, will focus on finding good ES Futures and stock/option trades as I really hope to generate $$ on a consistent basis.

Have a Great weekend.
  • #193
  • Jul 10, 2009 11:21am Jul 10, 2009 11:21am
Quoting wgreenie
Thanks for your suggestion. I will follow your thread and learn more about forex (+ research) before diving in. For the time being, will focus on finding good ES Futures and stock/option trades as I really hope to generate $$ on a consistent basis.

Have a Great weekend.

read the book very well and make sure u dont miss the signal ....demo this system with forex on MT4 before u do anything....trade safe and i look forward to your questions.
MY OPINION NOT FINANCIAL ADVISE
  • #194
  • Jul 11, 2009 2:53am Jul 11, 2009 2:53am
Quoting Xhandal
Well, on EUR/USD 15M TF there were three valid bearish db with a OK angulation... but they just retraced fibonacci levels, that's logic, on 1H TF we was and we're into an uptrend, so there weren't big chances of a good reversal from bearish dbars on 15M TF. Always have to check the bigger timeframes and divergences...I did a mistake.

can u see what i told u on eu, the 1hr divergence that was biulding finally played out ...u moved into the retracement but u did not look at the 1hr chart..
i will advice you to focus on one trading method so u dont keep confusing urself..same thing happen to me until i found Bill Williams first book.
MY OPINION NOT FINANCIAL ADVISE
  • #195
  • Jul 11, 2009 3:09am Jul 11, 2009 3:09am
Hey Don do you use murrey math too? I'm looking it and seems it gives good resistence/support levels... just reading something on this indicator right now

P.S. I got the trade and I'm in green pips
  • #196
  • Edited 3:28am Jul 11, 2009 3:16am | Edited 3:28am
Quoting Xhandal
Hey Don do you use murrey math too? I'm looking it and seems it gives good resistence/support levels... just reading something on this indicator right now

P.S. I got the trade and I'm in green pips

Good mate...you will have more profit trade if u focus on same method and good MM.. i use fibo too when i want to find the possible pull back on fibo levels but and murrey to spot my resistance and suppport levels with my Price action experience.
i use the murreymatch1.0.ex4 change the P 240 to 64 and remove the alert ...
there u go
Attached File(s)
File Type: ex4 MurreyMath1.0.ex4   15 KB | 459 downloads
File Type: mq4 Murrey_Math_Line_X_eng.mq4   13 KB | 433 downloads
File Type: mq4 M-Math v3.mq4   20 KB | 456 downloads
File Type: ex4 M-Math v3.ex4   31 KB | 385 downloads
MY OPINION NOT FINANCIAL ADVISE
  • #197
  • Jul 11, 2009 8:41am Jul 11, 2009 8:41am
Well, I'm going long on GBP/JPY when market will open.
Reasons:
15M Timeframe:
Bullish divergent bar (the one that touched 148.44)
Up fractal broken
AO green and cross of 0 line (indicating the momentum is up)
AC green (indicating the momentum is accelerating up)

1H Timeframe:
Bullish divergent bar (coincide with 15M one)
AO green
AC green
The trend is bearish but bullish db could close alligator's mouth. I plotted fibonacci levels and 61.8 coincide with 150.78 murrey level.

4H Timeframe:
Trend strongly bearish
AO red (there's a possible saucer sell signal if price break 148.34)
AC red

Well, I'll open a long position when price will cross again the up fractal with T/P at 150.78 and S/L 149.19 under murrey level.
I think this will be only a retracement of 1H downtrend because on 4H is strongly bearish (AO, AC, Alligator bearish)
That's all
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur_usd_7.jpg Size: 143 KB
Click to Enlarge Name: eur_usd_8.jpg Size: 150 KB
  • #198
  • Jul 11, 2009 9:16am Jul 11, 2009 9:16am
Quoting Xhandal
Well, I'm going long on GBP/JPY when market will open.
Reasons:
15M Timeframe:
Bullish divergent bar (the one that touched 148.44)
Up fractal broken
AO green and cross of...

Nice plan..i will post chart later tonight or tomorrow before market open...
just becareful with it and done be greedy watch out for weekly breakout fractal when that fractal is taking gj is going down ..we are on ABC corrective wave now so more down is not out of the picture yet..
have a great weekend.
MY OPINION NOT FINANCIAL ADVISE
  • #199
  • Jul 11, 2009 9:51am Jul 11, 2009 9:51am
Quoting Xhandal
Well, I'm going long on GBP/JPY when market will open.
Reasons:
15M Timeframe:
Bullish divergent bar (the one that touched 148.44)
Up fractal broken
AO green and cross of...
Hi dear,

When Price is below 4/8 level forget for long just thinking for short posiotns.

Kaveh
  • #200
  • Jul 11, 2009 10:10am Jul 11, 2009 10:10am
Quoting kaveh
Hi dear,

When Price is below 4/8 level forget for long just thinking for short posiotns.

Kaveh
we are not trading on murrey system just to spot the support and resistance which i have been using before posting on this thread base on his request.
talking of if plan i dont have problem with it because it should be retracement position on the ABC waves.
dont see anything wrong this is chaos system not murrey .
MY OPINION NOT FINANCIAL ADVISE
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