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Bill Williams Profitunity Chaos Trading

  • #201
  • Jul 11, 2009 2:31pm Jul 11, 2009 2:31pm
More detailed, there is a bullish divergence too
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  • #202
  • Jul 11, 2009 3:05pm Jul 11, 2009 3:05pm
Quoting Xhandal
More detailed, there is a bullish divergence too

yes the divergence have played out and still intact, 1hr also played out but 4hrs not clear yet and daily divegrence still intact with weekly very strong bearish divegrnece so u have to be very careful how you take it...Bigger time frame may act very strange ..when 4hrs is clear we may hit the target..
all my chart will come later ..Trade safe
MY OPINION NOT FINANCIAL ADVISE
  • #203
  • Jul 11, 2009 6:30pm Jul 11, 2009 6:30pm
I'm now studying VSA (Volume Spread Analysis) to implement it on my trades, it could be a very interesting tool to add to Chaos system due the fact Bill Williams explains volume it's fundamental .
  • #204
  • Jul 12, 2009 2:01am Jul 12, 2009 2:01am
Quoting Xhandal
I'm now studying VSA (Volume Spread Analysis) to implement it on my trades, it could be a very interesting tool to add to Chaos system due the fact Bill Williams explains volume it's fundamental .
i have read about volume sometime ago and no problem in reading it, bill williams group the most successful strategy in financial market and add his own experience to it to become one, EW,VSA and his own mind into on system which make him very success..
i have some of the master the market book so u free to ask and it shall be giving...
trade safe..
MY OPINION NOT FINANCIAL ADVISE
  • #205
  • Jul 12, 2009 2:47am Jul 12, 2009 2:47am
this is what i found on my chart ....market need to open for the final and clear signal 1hr showing we rise, 4hrs showing buyers in but not clear since AO not giving anything green yet, daily on hidden divergence with this shaded possible level test if if we should rise then we can be selling from there is the bias changed, weekly still as bearish and in the overall trend bigger tf control the market more than small tf so we actually need a clear direction when market open while i am expecting a breakout fractal below the corrective zone on under the moving average with strong support down there.
i am not telling what u should do but i will trade as my chart says i dont have clear picture that we can rise yet even chart showing some oversold on daily and we are on ABC corrective wave for more down IMO.
Trade your chart and be safe ...
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MY OPINION NOT FINANCIAL ADVISE
  • #206
  • Jul 13, 2009 8:26am Jul 13, 2009 8:26am
[quote=alldirex;2862453]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.[/quote]


Hello alldirex,

I am a BW student as well. I studied the latest Profitunity Home Study Course and Book as well.

Forex is not their fovorite though since it dosn't support volume. So squats are not useful!

You mentioned that BW uses other tools to study the markets could you give me some more info on that.

I feel that something is missing when I applly the method to FOREX.

Regads
  • #207
  • Jul 13, 2009 8:55am Jul 13, 2009 8:55am
[quote=thalassi;2869835]
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). 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...

anyone trading someone system need to find is own experience and add it to the one he read, this system is awesome when u get the right entry on time ... there is always sleeping market when the volume is dieing out so i just stay out when alligator sleep...
i have several trading experience before getting into Chaos and i think this give me the best entry i want so i will use it for more yrs as i am kinda new to it...
i use price action and i can also trade with trendline...just find a good tf for ur entry and focus on it with price actions and the divergence u will understand how this system work as it give a good sl level from the pending order.
the is no holy grain any where so what ever u use dont forget to keep profit and dont fight the trend surf it
c ya and trade safe.
MY OPINION NOT FINANCIAL ADVISE
  • #208
  • Jul 13, 2009 11:24am Jul 13, 2009 11:24am
donfriday, I agree with u.
  • #209
  • Jul 13, 2009 11:32am Jul 13, 2009 11:32am
Quoting thalassi
donfriday, I agree with u.
you welcome and how was ur trading today?
MY OPINION NOT FINANCIAL ADVISE
  • #210
  • Jul 13, 2009 11:43am Jul 13, 2009 11:43am
Quoting donfriday
you welcome and how was ur trading today?

Not bad. I went long EURUSD 1.3942 and TP at 1.3975.
I think it will hit 1.3990 but fear kicked in.
  • #211
  • Jul 13, 2009 11:53am Jul 13, 2009 11:53am
Has anyone bought/read Masterforex-V book 3?
I read a bit book 1&2(they are free) and they look interestng.
The author talks about Bill Williams method as well especially in book 3.


Regards
  • #212
  • Jul 13, 2009 12:15pm Jul 13, 2009 12:15pm
Quoting thalassi
Has anyone bought/read Masterforex-V book 3?
I read a bit book 1&2(they are free) and they look interestng.
The author talks about Bill Williams method as well especially in book 3.


Regards

i have read several books in my life time...i dont think it's time for me to read anymore book because it will confuse my trading strategy adding something new to my knowledge.
MY OPINION NOT FINANCIAL ADVISE
  • #213
  • Jul 14, 2009 3:07pm Jul 14, 2009 3:07pm
Hey, I'm doing some research to find a way for exit a chaos trade, some ideas ? (I'm testing some methods with volume, murrey math and moving average)
  • #214
  • Jul 14, 2009 4:37pm Jul 14, 2009 4:37pm
Quoting Xhandal
Hey, I'm doing some research to find a way for exit a chaos trade, some ideas ? (I'm testing some methods with volume, murrey math and moving average)
i use my own system not only or what bill williams use, i can decide to use trendline or 1-2-3 HL or chaos or moving average alone...
but u should find ur exit point with price action ..if u use fibo u will see ur exit levels.
MY OPINION NOT FINANCIAL ADVISE
  • #215
  • Jul 15, 2009 2:14am Jul 15, 2009 2:14am
Quoting Xhandal
Hey, I'm doing some research to find a way for exit a chaos trade, some ideas ? (I'm testing some methods with volume, murrey math and moving average)
Hello Xhandal,

According to BW:
1. the first exit(protective stop) is place 1 pip above/below you B/D/B .
2. Price going lower than the lowest low of the last 3 to 5 bars(for long positions)
3. When the price closes below the Alligator's teeth(long positions)

I hope this helps


Regards
  • #216
  • Jul 15, 2009 1:59pm Jul 15, 2009 1:59pm
Quoting thalassi
Hello Xhandal,

According to BW:
1. the first exit(protective stop) is place 1 pip above/below you B/D/B .
2. Price going lower than the lowest low of the last 3 to 5 bars(for long positions)
3. When the price closes below the Alligator's teeth(long positions)

I hope this helps


Regards
Yes I read about these exit strategies on bill williams' books, I was searching something new, thank you for your post anyway
  • #217
  • Aug 2, 2009 10:08pm Aug 2, 2009 10:08pm
Wiseman indicators................ they place a coloured dot above the bar
Attached File(s)
File Type: mq4 BW-wiseMan-1.mq4   3 KB | 675 downloads
File Type: mq4 BW-wiseMan-2.mq4   2 KB | 623 downloads
  • #218
  • Aug 7, 2009 4:14am Aug 7, 2009 4:14am
Quoting Blaiserboy
Wiseman indicators................ they place a coloured dot above the bar

hey buddies...I am still alive just been busy with other style...whats going on ?
MY OPINION NOT FINANCIAL ADVISE
  • #219
  • Aug 7, 2009 4:16am Aug 7, 2009 4:16am
Quoting Blaiserboy
Wiseman indicators................ they place a coloured dot above the bar


welcome to my thread and thanks for the indi...
MY OPINION NOT FINANCIAL ADVISE
  • #220
  • Aug 7, 2009 4:26am Aug 7, 2009 4:26am
Quoting donfriday
welcome to my thread and thanks for the indi...

got some new indi for profitunity ..u can check them out ..
Attached File(s)
File Type: mq4 Ind-Fractals-1(23SEP05).mq4   5 KB | 635 downloads
File Type: mq4 Ind-Fractals-11.mq4   5 KB | 622 downloads
File Type: mq4 FractalLevels.mq4   4 KB | 673 downloads
File Type: mq4 FractalChannel_v1.mq4   4 KB | 624 downloads
MY OPINION NOT FINANCIAL ADVISE
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