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Chaos Trading System

  • #541
  • Jan 18, 2010 8:20pm Jan 18, 2010 8:20pm
Hi Starskovsky,

Thanks for your update on chaos system.

Can you please advise if the AO cross 0 line is that indicate wave changing ?

How do you predict end of wave 2 ? since really want to catch wave 3.

If you found a signal like BDB on 3500 min chart, do you directly trade on the same chart or you go to lower time frame ?

Hope to get your help.


Thanks,


Quoting starskovsky
Interesting situation .... Let's see how it develop.
  • #542
  • Jan 19, 2010 5:49am Jan 19, 2010 5:49am
Quoting pipfirst
Hi Starskovsky,

Thanks for your update on chaos system.

Can you please advise if the AO cross 0 line is that indicate wave changing ?

How do you predict end of wave 2 ? since really want to catch wave 3.

If you found a signal like BDB on 3500 min chart, do you directly trade on the same chart or you go to lower time frame ?

Hope to get your help.


Thanks,
When AO is crossing Zero line, it does not necessarily indicate a wave changing.
The only thing, related to waves, the crossing indicate is "after a higher high on the AO (wave3) when AO is crossing the zero line, we have the minimum requirement for a wave 4" This is valid if the move we are observing is inside a 100-140 bars area....

The end of a wave 2 can be "predicted" when we have a sharp move after a double bottom/top then a Fibonacci retracement of 38.2%. This should be the start of a wave 3....

I'm trading from shorter TF, I'm using the longer Time Frames for drawing my trading map.....

I hope this help ! Check the link in my signature, tons of info related to this topic.
  • #543
  • Jan 19, 2010 6:16am Jan 19, 2010 6:16am
Hello again,

Pipfirst, here's a chart to illustrate what I was saying... I hope it helps !
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 2010-01-19 (420 Min).jpg Size: 135 KB
  • #544
  • Jan 19, 2010 7:56am Jan 19, 2010 7:56am
Hi Starskovsky,

yes, I already walking around to your website. Really a tons of EW counting.

Thanks for your answer and sample of chart.

By the way, I still a bit confuse regarding end of wave 2. inside wave 2 there is 3 sub wave. so its always a double top/bottom on the price and the AO not crossing 0 line right ?

Thanks n Regards,

Quoting starskovsky
When AO is crossing Zero line, it does not necessarily indicate a wave changing.
The only thing, related to waves, the crossing indicate is "after a higher high on the AO (wave3) when AO is crossing the zero line, we have the minimum requirement for a wave 4" This is valid if the move we are observing is inside a 100-140 bars area....

The end of a wave 2 can be "predicted" when we have a sharp move after a double bottom/top then a Fibonacci retracement of 38.2%. This should be the start of a wave 3....

I'm trading from shorter TF, I'm using...
  • #545
  • Jan 19, 2010 9:31am Jan 19, 2010 9:31am
Quoting pipfirst
Hi Starskovsky,

yes, I already walking around to your website. Really a tons of EW counting.

Thanks for your answer and sample of chart.

By the way, I still a bit confuse regarding end of wave 2. inside wave 2 there is 3 sub wave. so its always a double top/bottom on the price and the AO not crossing 0 line right ?

Thanks n Regards,
You can have a small internal 5 waves in a wave 2 or and A,B,C move that seems to end on a wave 3.
  • #546
  • Jan 20, 2010 4:42am Jan 20, 2010 4:42am
Quoting pipfirst
Hi Starskovsky,

yes, I already walking around to your website. Really a tons of EW counting.

Thanks for your answer and sample of chart.

By the way, I still a bit confuse regarding end of wave 2. inside wave 2 there is 3 sub wave. so its always a double top/bottom on the price and the AO not crossing 0 line right ?

Thanks n Regards,
1st, I'm looking for the end of a wave 5, end of the previous cycle. Very often we have a clear 2ble bottom/top.
2nd, we usually have a sharp move in the opposite direction. then price retrace to the 38%-50% fibonacci level (wave2).
3rd, I'm looking for a signal to enter in the direction of the sharp move we previously saw, then, you should be riding a wave 3....

I hope this help. You can find all of this in details in BWs' book #1.
  • #547
  • Jan 20, 2010 4:43am Jan 20, 2010 4:43am
The euro finally pierced the support....
Check the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 2010-01-20 (3500 Min).jpg Size: 149 KB
  • #548
  • Jan 20, 2010 5:05am Jan 20, 2010 5:05am
Let's zoom in the last down move.
We are now at the 100% Fibonacci extension, the usual target for a wave 3. If it stay there, it will likely start to retrace up for a wave 4. If it continues down and pierce the 100%, we will have an extended wave 3.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 2010-01-20 (60 Min).jpg Size: 127 KB
  • #549
  • Jan 20, 2010 5:45pm Jan 20, 2010 5:45pm
Hi Starskovsky,

Thanks for your explaination.

so if we see on UCAD Hourly Time Frame its on the wave 3 ?

And also your 3rd point, can I assume we just re-enter follow the previous price movement. If previous is down ... we just follow until we got stop out ?


Thanks,

Quoting starskovsky
1st, I'm looking for the end of a wave 5, end of the previous cycle. Very often we have a clear 2ble bottom/top.
2nd, we usually have a sharp move in the opposite direction. then price retrace to the 38%-50% fibonacci level (wave2).
3rd, I'm looking for a signal to enter in the direction of the sharp move we previously saw, then, you should be riding a wave 3....

I hope this help. You can find all of this in details in BWs' book #1.
  • #550
  • Jan 21, 2010 3:05am Jan 21, 2010 3:05am
Hello,

Yes, USDCAD Wave 3, an extended one !

For the expected size of the move, it can be gauge with Fibonacci levels. For the entry system, I recommend to read BWs' book #1.... Everything is described there... And many examples are given in this thread and even more on my website.
Attached Image (click to enlarge)
Click to Enlarge Name: $USDCAD 2010-01-21 (60 Min).jpg Size: 130 KB
  • #551
  • Jan 21, 2010 5:27am Jan 21, 2010 5:27am
Hi Starskovsky,

Thanks a lot for the confirmation.

I'm visited your website. can you please post your the entry level as well ? since as I know you enter using 30 minutes time frame.

Which signal of BW you use mainly ? BDB, SAO, or Fractal. Since Its not mention in your website.

Sorry you to busy you with my question.

Thanks n Regards,


Quoting starskovsky
Hello,

Yes, USDCAD Wave 3, an extended one !

For the expected size of the move, it can be gauge with Fibonacci levels. For the entry system, I recommend to read BWs' book #1.... Everything is described there... And many examples are given in this thread and even more on my website.
  • #552
  • Jan 21, 2010 5:58am Jan 21, 2010 5:58am
Hi,

For now, I'll not post my entries. I have personal reasons for that. But I can tell you that I'm using fractals.

I'm trying to give all what I can understand of the wave and Fibonacci system described by Bill Williams.

All the best.
P.S. All the charts for the day are posted on my website now.
  • #553
  • Jan 21, 2010 9:57am Jan 21, 2010 9:57am
Hi Starskovsky,

Thanks for your reply.

Can you please advise the step of your analyzing until go to smaller time frame for open ?

Since I a bit nerve after I enter in 1 TF and see bigger TF.

Will visiting your website for the counting.


Thanks n Regards,

Quoting starskovsky
Hi,

For now, I'll not post my entries. I have personal reasons for that. But I can tell you that I'm using fractals.

I'm trying to give all what I can understand of the wave and Fibonacci system described by Bill Williams.

All the best.
P.S. All the charts for the day are posted on my website now.
  • #554
  • Jan 21, 2010 1:35pm Jan 21, 2010 1:35pm
Hello, you can start by looking at a monthly, or weekly or daily time frame.
Then you want to find a significant move.
Then you have to manipulate the time frame in order to fit the move in the 100-140 bars in the past, this is what I call the "zoom" part....
This is clearly described in BWs' book one.

I hope this help !
I wish you happy trading.
  • #555
  • Jan 22, 2010 5:05am Jan 22, 2010 5:05am
Hello !

Nice bounce from the 161.8% and AO crossed the Zero Line.

It looks like a wave 4 is on it's way !
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 2010-01-22 (95 Min).jpg Size: 130 KB
  • #556
  • Jan 22, 2010 3:10pm Jan 22, 2010 3:10pm
Here is my 60 minute count for the EUR USD and a look at what may happen next.

(If you look at the falling DOW a rising Euro makes sense.)

The 5th wave is often has a diagonal five structure. We will know if that is the case in a day or two.

http://www.elkvalleygold.com/Forex/F...0%20minute.jpg
  • #557
  • Jan 22, 2010 3:13pm Jan 22, 2010 3:13pm
Hey Wab,

I totally agree with you, I'm planning to grab some on the way up... As you said, we will see
  • #558
  • Jan 23, 2010 2:46pm Jan 23, 2010 2:46pm
Here is another nice looking chart that is worth monitoring:

The wave ii level is between 0.62 and 0.76, just as it is supposed to be. There is a nice bearish divergence on the RSI9 and a down fractal at 1.0564.

(It is hard to see the fractal detail as the chart is compressed a bit.)

This could be a nice trade with a wave iii target of 0.9782. That's 782 pips from that 1.0564 fractal, but another higher fractal could still form.

The count will change if the wave ii label is taken out. On the daily time frame there still is a bit of room for the price to move up to the upper resistance line, so the jury is still out.

There is no accounting for some of the things the Canuck Buck does. So again, it is a case of trade the chart not the predictions - even when they look so nice.

http://www.elkvalleygold.com/Forex/F...0%20minute.jpg
  • #559
  • Jan 23, 2010 2:56pm Jan 23, 2010 2:56pm
Is this system using fractals for entry signals? I thought that fractals was repainting so I don't think it's very good for entries. I tried it before and it was always making signals late and I got slammed !

I'm reading more on BW systems now, but I wanted to know if someone knows a way to make repainting fractals give a good signal.
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  • #560
  • Jan 23, 2010 4:00pm Jan 23, 2010 4:00pm
Wab,

This chart is EURUSD, not USDCAD.

All the best
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