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Profitunity (Chaos) Trading System by Bill Williams

  • #741
  • Dec 15, 2009 3:53am Dec 15, 2009 3:53am
Quoting 5peed
So-So.. I only have 1 year experience with this methodology after purchasing profitunity DVD
You got the course? WOW!!!!
  • #742
  • Edited 7:03am Dec 16, 2009 5:10am | Edited 7:03am
Hi!

@AvidTrader
I'm currently trying the profitunity methology too, however i have some problems not getting caught in range markets. I know the gator should actually protect me from things like that, but when trading forex, many fractals get triggered and stopped out shortly after. Is there any kind of "filter" you apply to choose the right BDBs? I'm using the 1 and 2 hour charts and still find myself on the losing side far too often using the chaos system. Do you look on a higher timeframe for confirmation, or do you watch out for divergence? I know BWs latest book (trading chaos 2nd edition), but i'm somehow not able to put it into practice.

Thanks a lot!

Jakob
  • #743
  • Dec 17, 2009 6:59am Dec 17, 2009 6:59am
Hello JaKob

Yes, you are right. It is not ok just to take signals as they appear....

Personally, I really recommend to do the Elliott Wave and Fibonacci analysis, as BW brilliantly describe in is book #1. Then, you will know where the market is and where it is likely incline to go.... Quite useful no ,
This will really help to filter.

You can have an idea of this method, live by clicking on the link in my signature, I'm posting charts there.

Also, I like what AvidT is doing, using longer TF. Stronger signals there, but stops can be a bit big....

Syu !
  • #744
  • Dec 17, 2009 7:04am Dec 17, 2009 7:04am
Just to illustrate, here's a EURUSD chart.

Let me know if it's help.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 2009-12-18 (3500 Min).jpg Size: 144 KB
  • #745
  • Dec 18, 2009 5:54pm Dec 18, 2009 5:54pm
Here's mychart mixing E-wave and some chaos trading setup, for EU daily.

Hopefully newbies here can read E-wave too.

Yes, I agree Chaos trading system help Ewave traders to improve their

trading.

Nevertheless, Chaos Trading can always be a standalone trading system.
Attached Image (click to enlarge)
Click to Enlarge Name: Chaos and EWave EU Daily.png Size: 19 KB
  • #746
  • Dec 19, 2009 12:58pm Dec 19, 2009 12:58pm
Quoting Jakob
Hi!

@AvidTrader
I'm currently trying the profitunity methology too, however i have some problems not getting caught in range markets. I know the gator should actually protect me from things like that, but when trading forex, many fractals get triggered and stopped out shortly after. Is there any kind of "filter" you apply to choose the right BDBs? I'm using the 1 and 2 hour charts and still find myself on the losing side far too often using the chaos system. Do you look on a higher timeframe for confirmation, or do you watch out for divergence?...
We have added a live trading room at www.avidtrader.com for those that are interested in using the Trading Chaos Method.
  • #747
  • Dec 19, 2009 3:35pm Dec 19, 2009 3:35pm
Thanks AvidTrader and starskovsky!
I'll visit the chat room next week!

I've been asking myself if the wave count is necessary, or if the Chaos System could be used without it, as Satni said? (or used with the fibonacci numbers instead)

I just bought the other 2 books and will start reading them now, but since BW didn't seem to use the EW count in the latest book, i was wondering if they have to be used to make the system profitable?

Thanks a lot!

Jakob
  • #748
  • Dec 19, 2009 4:06pm Dec 19, 2009 4:06pm
hi every one i have read this thread but not all the posts ,just wanted to ask if any one programmed an EA (expert advisor)....,i can help u testing the EA .

thanks again but we have to find programmer how knows this system very well and to do the EA ......it well be amazing....
  • #749
  • Dec 19, 2009 4:46pm Dec 19, 2009 4:46pm
HI Mate

nice work whit this post
I just have one question.

HOw do you know buy signal and seel signal?
  • #750
  • Dec 19, 2009 11:06pm Dec 19, 2009 11:06pm
Quoting Diogo Serra
HI Mate

nice work whit this post
I just have one question.

HOw do you know buy signal and seel signal?

I would suggest reading Trading Chaos to understand his signals.
  • #751
  • Dec 19, 2009 11:08pm Dec 19, 2009 11:08pm
Quoting fadi66
hi every one i have read this thread but not all the posts ,just wanted to ask if any one programmed an EA (expert advisor)....,i can help u testing the EA .

thanks again but we have to find programmer how knows this system very well and to do the EA ......it well be amazing....

Yes that would be interesting. Check around. I might have a interest in some ways.
  • #752
  • Dec 20, 2009 2:38pm Dec 20, 2009 2:38pm
Quoting AvidTrader
Yes that would be interesting. Check around. I might have a interest in some ways.
yes it will be , i have a programmer but we need to know exacly the method how it works i mean the entery orders also the exit signals ......

i need some one to send me exacly how it works.....

cause when we EA is ready i can test every thing and every time we can do every thing ....

thanks .
  • #753
  • Dec 21, 2009 8:15am Dec 21, 2009 8:15am
Quoting fadi66
yes it will be , i have a programmer but we need to know exacly the method how it works i mean the entery orders also the exit signals ......

i need some one to send me exacly how it works.....

cause when we EA is ready i can test every thing and every time we can do every thing ....

thanks .
The entries are based off of fractals, wave counts, and BDB bars. have you read Trading Chaos?
  • #754
  • Dec 21, 2009 8:19am Dec 21, 2009 8:19am
Quoting fadi66
yes it will be , i have a programmer but we need to know exacly the method how it works i mean the entery orders also the exit signals ......

i need some one to send me exacly how it works.....

cause when we EA is ready i can test every thing and every time we can do every thing ....

thanks .
If you would like a live chat go to the link in my signature. There is a live Trading Chaos trading room there.
  • #755
  • Dec 22, 2009 7:58am Dec 22, 2009 7:58am
Quoting Jakob
Thanks AvidTrader and starskovsky!
I'll visit the chat room next week!

I've been asking myself if the wave count is necessary, or if the Chaos System could be used without it, as Satni said? (or used with the fibonacci numbers instead)

I just bought the other 2 books and t Wavewill start reading them now, but since BW didn't seem to use the EW count in the latest book, i was wondering if they have to be used to make the system profitable?

Thanks a lot!

Jakob
Jakob,

Well, as far as I could remember, as was told by Dr Bill Williams.

"Chaos trading systems is for those who want to trade Elliott Waves,
without knowing the Elliott Waves." There also similar comments by BW
in his first book.

Since I know both, I thought I might as well use them. But I dont stop
my knowledge flows with other newer and brighter systems which are
crystal clear too.

We are always a student of the market, as always .
  • #756
  • Dec 23, 2009 9:55am Dec 23, 2009 9:55am
Quoting Satni
Jakob,

Well, as far as I could remember, as was told by Dr Bill Williams.

"Chaos trading systems is for those who want to trade Elliott Waves,
without knowing the Elliott Waves." There also similar comments by BW
in his first book.

Since I know both, I thought I might as well use them. But I dont stop
my knowledge flows with other newer and brighter systems which are
crystal clear too.

We are always a student of the market, as always .
The AO is the indicator to help with wave count and diversion. You could trade the method with just the Alligator and fractals.
  • #757
  • Dec 23, 2009 5:32pm Dec 23, 2009 5:32pm
Quoting AvidTrader
The AO is the indicator to help with wave count and diversion. You could trade the method with just the Alligator and fractals.
Yes..Very true indeed.
  • #758
  • Dec 24, 2009 3:06pm Dec 24, 2009 3:06pm
Seasons Greetings:

I am a new member and will start trading Forex in 2010.

I am a BW fan and I have read everything that I can on his ideas.
BW is the best IMHO.

I also am an intense Elliott Wave user and I believe in objective wave counting.

I hope that I have a few tricks that I can add to the BW/EW tools set and that I can be a useful member of this thread.

My goal is to enhance my family finances in order to help those less fortunate.

- Turn your dimes into paradigms.
  • #759
  • Dec 25, 2009 1:30am Dec 25, 2009 1:30am
Quoting Wab
Seasons Greetings:

I am a new member and will start trading Forex in 2010.

I am a BW fan and I have read everything that I can on his ideas.
BW is the best IMHO.

I also am an intense Elliott Wave user and I believe in objective wave counting.

I hope that I have a few tricks that I can add to the BW/EW tools set and that I can be a useful member of this thread.

My goal is to enhance my family finances in order to help those less fortunate.

- Turn your dimes into paradigms.
This is a very good forum. If you want to communicate about trades and BW in real time go to my signature link. I would be interested in hearing more about your tricks.
  • #760
  • Dec 25, 2009 4:36am Dec 25, 2009 4:36am
Quoting AvidTrader
It can be used on any time frame but the method is designed to catch long trends....
yep mate i think small tf on this method is heartbreak..i only stick to 1hr bdb or WM2 for entry or historical support and resistance well the wave thing is hard for me to understand but using this system with my TLOC method i am able to see trend reversal and continuation..it all take sometime to understand but i feel it's like every other system in the market just that different interpretation..Trading Chaos is my major system i understand and as long as i catch my pips adding PA to it then Green is all mine..Lol

Merry Christmas all and wish all the best next year...
Cheers Don
MY OPINION NOT FINANCIAL ADVISE
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