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Bill Williams Profitunity Chaos Trading

  • #361
  • Nov 18, 2009 12:13am Nov 18, 2009 12:13am
Quoting sinner-
1-2-3HL is just same as the corrective waves of EW (a-b-c)
I dont know abt that but i am talking of 123HL on small tf like 5min and 15min ..
MY OPINION NOT FINANCIAL ADVISE
  • #362
  • Dec 12, 2009 11:17am Dec 12, 2009 11:17am
Chaos trading is very practical trading methodology..
  • #363
  • Jan 2, 2010 10:58pm Jan 2, 2010 10:58pm
Quoting 5peed
Chaos trading is very practical trading methodology..

No doubt...its a fantastic method. We have a live trading room at the signature below using BW's method. We would love to have your participation there as well as here.

Trade well!!
  • #364
  • Jan 3, 2010 2:29am Jan 3, 2010 2:29am
When we say a fractal must be formed above the alligator (long signal fractal), do we mean all 5 bars (e.g., low, low, high, low, low) must be outside the alligator, or just the bar where the fractal was signaled (high)?
  • #365
  • Edited 3:23am Jan 3, 2010 3:08am | Edited 3:23am
Quoting albertsy2
When we say a fractal must be formed above the alligator (long signal fractal), do we mean all 5 bars (e.g., low, low, high, low, low) must be outside the alligator, or just the bar where the fractal was signaled (high)?
the fractal form on high of 5 bars is a buy signal vise versa sell signal when it form above or below alligator mouth.
MY OPINION NOT FINANCIAL ADVISE
  • #366
  • Jan 3, 2010 3:51am Jan 3, 2010 3:51am
Quoting donfriday
the fractal form on high of 5 bars is a buy signal vise versa sell signal when it form above or below alligator mouth.
Thanks. So to be sure... that's the WHOLE SINGLE HIGH candle outside the alligator's mouth? So if the shadows are inside the alligator it is not a valid signal?
  • #367
  • Jan 3, 2010 4:47am Jan 3, 2010 4:47am
Quoting albertsy2
Thanks. So to be sure... that's the WHOLE SINGLE HIGH candle outside the alligator's mouth? So if the shadows are inside the alligator it is not a valid signal?

only BDB inside alligator mouth is not a valid signal but wm3 which is fractal signal can be form any where but after fractal is form outside then it work to risk ...it all depend on tf u looking but i use 1hr ..i mainly use candle High and low in my trading which is 1-2-3HL or congestion....
MY OPINION NOT FINANCIAL ADVISE
  • #368
  • Jan 3, 2010 10:16pm Jan 3, 2010 10:16pm
Hi! I understand that the WM3 signal is a fractal that can form anywhere, but according to the original Chaos system, we can't just trade any fractal (nor trade anything until an entry has been made based on a fractal). It has to form outside the alligator's mouth. I take it that the WM1-2-3-BDB system is difrerent from the original system.

The WM system starts with a BDB (WM1) while the original Chaos starts with a fractal.

Does the WM system supersede the original now? Is the original Chaos system flawed?
  • #369
  • Jan 4, 2010 1:33am Jan 4, 2010 1:33am
Quoting albertsy2
Hi! I understand that the WM3 signal is a fractal that can form anywhere, but according to the original Chaos system, we can't just trade any fractal (nor trade anything until an entry has been made based on a fractal). It has to form outside the alligator's mouth. I take it that the WM1-2-3-BDB system is difrerent from the original system.

The WM system starts with a BDB (WM1) while the original Chaos starts with a fractal.

Does the WM system supersede the original now? Is the original Chaos system flawed?
Its not flawed, its just that he now uses a BDB as the "gambling" stage for an entry signal. His new home study course explains it all. He has also added the "purple line" and RSI instead of the AC.
  • #370
  • Jan 4, 2010 2:52am Jan 4, 2010 2:52am
Thanks for the reply. I've seen the WM1-2-3 system. WM1 is a BDB with angulation. WM2 is an add-on trade using AO (same as original). WM3 is a fractal signal, but can form anywhere (also an add-on trade). Is this correct?

Are the exit rules the same -- exit when price hits the teeth?
  • #371
  • Jan 4, 2010 3:08am Jan 4, 2010 3:08am
Quoting albertsy2
Thanks for the reply. I've seen the WM1-2-3 system. WM1 is a BDB with angulation. WM2 is an add-on trade using AO (same as original). WM3 is a fractal signal, but can form anywhere (also an add-on trade). Is this correct?

Are the exit rules the same -- exit when price hits the teeth?

yes the wise man 2-3 is add on but what happen when wiseman get together..? u can still pick the wiseman2-3 as ur first entry if no bdb before the entry ..if u know how to trade candles for your support and resistance it can help u with your price action in exiting your position...
...5sma can also be use as closing price take a look at gu today it made a test and entry on that 5sma...well it all depend on the type of trader u are..some traders dont close trade manual but traling there profit so they dont really use exit signal ..you have to find what good for you..bill williams did not say you have to follow everything he does you have ur own brain and can support you by following what he does so if u have other ways of reading price projection that is good then go ahead..
MY OPINION NOT FINANCIAL ADVISE
  • #372
  • Jan 4, 2010 3:41pm Jan 4, 2010 3:41pm
I'm shorting the audusd based on a high run up and a AO turning negative. There is no bearish divergent bar yet but you can always take the ao as your entry as well.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd1hour.gif Size: 41 KB
  • #373
  • Jan 4, 2010 10:44pm Jan 4, 2010 10:44pm
Does anyone still use the old exit rule (when price crosses the lips)?
  • #374
  • Jan 5, 2010 10:13am Jan 5, 2010 10:13am
Quoting albertsy2
Does anyone still use the old exit rule (when price crosses the lips)?
I do not, If you read his latest book trading Choas Second edition there are some new profit taking techniques. I personally look for a trade with a good r:r and take my stops and exits accordingly. However, you can still use that method.
  • #375
  • Jan 5, 2010 11:32am Jan 5, 2010 11:32am
Quoting albertsy2
Does anyone still use the old exit rule (when price crosses the lips)?
BW created the purple line close. Its a 5 day simple moving average set to a displacement of 3. When 2 bars close below the purple line he uses the low (if long) or high (if short) of one of those 2 bars as his stop. His daughter Justine uses a stop on a close above or below the green line. Bill feels the purple line will keep you in a trend longer than a green line close. He and his daughter use different exit strategies. So its up to you what is most comfortable. You can also use a BDB to exit a trade.
  • #376
  • Jan 5, 2010 9:46pm Jan 5, 2010 9:46pm
Thanks, I saw it. There's also the RSI, right? I will look through this thread again to learn about the new WM system. Again, thanks, everyone.
  • #377
  • Jan 11, 2010 11:31am Jan 11, 2010 11:31am
Quoting albertsy2
Thanks, I saw it. There's also the RSI, right? I will look through this thread again to learn about the new WM system. Again, thanks, everyone.
when u have BDB at support or resistance zone zone it worth risk and profitable..this is just a set up few hrs ago.
Attached Image (click to enlarge)
Click to Enlarge Name: 1-11-2010 5-27-27 PM.png Size: 32 KB
MY OPINION NOT FINANCIAL ADVISE
  • #378
  • Jan 12, 2010 5:27pm Jan 12, 2010 5:27pm
Quoting donfriday
when u have BDB at support or resistance zone zone it worth risk and profitable..this is just a set up few hrs ago.

Great chart! Would you like to join us some time at the signature below? We have a live Chaos Trading Room and would enjoy your input.

Happy trading!!
  • #379
  • Jan 13, 2010 2:22am Jan 13, 2010 2:22am
BDB on GBPUSD. Rejected by a resistance at psych 1.62200 and confluence with historical resistance at 1.62203-ish. AO is green, and angularity looks good, making this a valid BDB entry.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 130110.jpg Size: 173 KB
  • #380
  • Jan 13, 2010 2:50am Jan 13, 2010 2:50am
Quoting albertsy2
BDB on GBPUSD. Rejected by a resistance at psych 1.62200 and confluence with historical resistance at 1.62203-ish. AO is green, and angularity looks good, making this a valid BDB entry.
take of the gator window indicator it's same as alligator
MY OPINION NOT FINANCIAL ADVISE
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