Profitunity (Chaos) Trading System by Bill Williams

Hello AT !

Nice to read your post !
When you have a chance, would you mind to post a chart with the indicators you are talking about on it ?

Thank you very much for your help.

Yes AvidTrader, very good and informative post. Thanks for the additional information. Is Dr.BW`s DVD course reflecting the changes - or still reflecting NewTradingDimensions?

So thanks again

Forex37

Question to the resident experts:

Fractal`s Edge (Herberts) was a system alike (or derived/copied/white labelled from) Profitunity (Dr BW) - but with modified names/parameters for the AO, AC, Gator and Alligator. Where BW uses parameters with shifts they claimed unshifted ones.

The web is said never to forget, but regarding Fractals`s edge it has been made to forget. So, does anybody know the params/details to reengineer TFE: The Picket Fence, Tripwire, Wall, MO, ACC, Gatekeeper, e-wave and VRR?

Thanks a lot

Forex37

Thanks for showing the chart. Very Informative.

p/s I have been to one of Dr BW seminars in Asia in 1995. And have been enjoying chaos trading since.

Thank you for the chart !
I don't remember BWs was using the RSI.... I remember he was using MACD before developing the AO....

Any comment about the RSI ?
All the best

Hi AvidTrader,

Thanks for the chart. I noticed you show 120min timeframe. Any reason for this?

As I also use Dealbook I noticed also that you didn`t apply fractals (in a subpane). Just not showing or not trading?

Thank you for your kind reply.

Forex37

Hello Guys,

What do you think about the GBPUSD situation ? Ready for the wave 4 ?

An update of the situation. Some profit is already locked.
Now, I'm watching some levels of concern. I marked a chart.

Since trading currencies, about a year and a half, I struggled with a comfortable time frame. I probably have spent most of my time in the first year getting comfortable with the right one for me. I now use 2 hour time frames to trade to take advantage of the overnight markets so I can sleep and make money at the same time. I exit a lot off of 15 minute time frames as a lot of the time when a 15 minute time frame completes a FULL 5 waves there is usually a very high probability there will be a end to that immediate 2 hour time frame trend. Not all the time but but a majority of the time.

I switch back and forth between bars and candlesticks depending on what I want to look at......just an executive decision. I am not familiar with "apply fractals in a subpane", maybe you can tell me how you do that in Dealbook so I can see what you are talking about. But at this point, I can spot a fractal whether its a bar or candlestick in half a heartbeat so I really don't really need to "mark" it as one. I am also looking at a lot of BDB's to enter or exit a trade too.

Avid Trader, the use of 2 time frames really makes sense to me. Waves inside waves that is the way to spot end of a move.
I'm using also a lot Fibonacci levels.

BW's 1st book is really a gold mine for that part. When you understood that method, it is so easy to know where we are on a move.

All the best !

I completely agree.

All the best to you too!!

Hi Avid,
Thanks for the input all this while.Your thoughts and comments are highly appreciated by all Chaos traders out there.
If it is not too much to ask for, could you grace this thread with examples of trades you took.

To Star, thanks dude for your dedication and hard work all this while.I hope more to come from you.

Keep up the good work guys.

Pips to Chaos traders.

You are welcome ! I don't always have time to post things here.... But you can have a look at my web site too. It is in my signature.
I'll do my best and I'm really happy all of this is sort off useful for you !

Has anybody bought the Bill Williams Trading Chaos Home Study Course sold at his website ?? www.profitunity.com

Hi everyone,

I'm a new comer here.. hope I can learn something useful for my trading experience..

Are you familiar with Trading Chaos?

Hello AvidTrader,

Which timeframe , do you use for intraday trading with Chaos Trading System?

Do you think its effective with 5mins or 15mins scalping?

Hope it will give some kind of light for ForexFactory newbies.

It can be used on any time frame but the method is designed to catch long trends. Since trading Forex for the last 18 months I struggled to find the appropriate time frame to achieve the most pips. I wanted to be able to profit in the London market while I was sleeping (I live in California). Dr. Bill Williams lives close to me and he has become a friend, and he invited me over a couple of times to his home for some private consulting. He suggested I play longer time frames. He said to stay away from day trading because I would never achieve the large gains he is used to achieving.

I played around with 1 hr, 2 hr, 4 hr time frames and finally came to the conclusion that 2hr time frames were optimal in trading the Forex for me. I trade a dozen different pairs but I like the EUR/JPY and the GBP/JPY the best because of their large pip movements. With the 2 hr time frames I can easily count the waves and it is most dependable. I also look at 4 hr time frames and sometimes daily's to confirm an entry. I use a lot of BDB's to enter a trade. I guess about 50/50 between BDB's and fractals to enter trades. I also use 15 min time frames to confirm a BDB on a 2 hr time frame to enter. Many times a full 5 waves occur on a 15 min time frame and the first 15 min fractal break occurs on a BDB 2 hr time frame which only gives me additional confirmation of a good calculated trade. Once I enter I add on according to what the 2 hr time frame tells me to do.

Although at times I do trade 5 min and 15 time frames I do not rely on only trading within those time frames. Over the long haul I usually end up only breaking even and the stress of those time frames can wear you out. I would rather just wait for a good 2 hr time frame set up. I do use those lower time frames to exit trades, especially the 15 min time frames as the Forex can radically move over 2 hrs as I'm sure you know, and I would rather cash out and then re-enter to continue the 2 hr time frame trend.

Hope this helps........

Thanks Avidtrader...It sure does help to light up this thread.

So-So.. I only have 1 year experience with this methodology after purchasing profitunity DVD