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Bill Williams Profitunity Chaos Trading

  • #381
  • Jan 13, 2010 5:01am Jan 13, 2010 5:01am
Too bad it didn't work out this time.
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  • #382
  • Jan 13, 2010 11:49am Jan 13, 2010 11:49am
Quoting albertsy2
Too bad it didn't work out this time.
on the bdb u enterd when i was checking 4hrs it was WM3 just signal so base on trading chaos 2nd edition u can buy above bdb and sl below counter trend..i took the buy rather.
MY OPINION NOT FINANCIAL ADVISE
  • #383
  • Edited 6:53am Jan 14, 2010 6:41am | Edited 6:53am
I am unsure of how the RSI is used in this system. For taking trends does it have to be coming our of overbought/oversold, or does it have to be above/below 50%?

Anyway here is AUDUSD at the moment. Green AO, good angulation. Not only that, it's a pin bar and a rejection of a previous high. RSI is not overbought and above 50% though.
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  • #384
  • Jan 15, 2010 6:40am Jan 15, 2010 6:40am
Quoting albertsy2
I am unsure of how the RSI is used in this system. For taking trends does it have to be coming our of overbought/oversold, or does it have to be above/below 50%?

Anyway here is AUDUSD at the moment. Green AO, good angulation. Not only that, it's a pin bar and a rejection of a previous high. RSI is not overbought and above 50% though.
What a beautiful BDB! Couldn't ask for a better risk trade. Great angulation. A new high with the RSI below 80. Diversion on the AO. Diversion on the RSI. I would take this in a heartbeat as a short! With a buy stop at the top of that BDB as my limited risk. Bill would be all over this trade! There are no specific rules Bill uses regarding the RSI. His focus is on the AO. Bill said when the RSI hits 80 there will be another high under 80......but you just don't know when that will be. He does not use the RSI as a main indicator. But this chart has achieved perfection as a risk trade!
  • #385
  • Jan 15, 2010 6:47am Jan 15, 2010 6:47am
Quoting albertsy2
I am unsure of how the RSI is used in this system. For taking trends does it have to be coming our of overbought/oversold, or does it have to be above/below 50%?

Anyway here is AUDUSD at the moment. Green AO, good angulation. Not only that, it's a pin bar and a rejection of a previous high. RSI is not overbought and above 50% though.
Bill does not use the AC any longer. He also would use a simple moving average, the purple line, set at 5 with a displacement of 3. He uses the simple moving average as an exit strategy. Let's say he was long on that chart, he would exit a long trade if 2 bars closed below the purple line. He would then place a stop at the lowest point of the lowest bar of those 2 bars as an exit. The opposite for a short position. His daughter Justine, on the other hand, still uses a green line close so its up to you on which one you want to use as an exit strategy. He just found out that the purple line can keep him in a trend longer than a green line close.

Hope that helps.
  • #386
  • Jan 20, 2010 9:31am Jan 20, 2010 9:31am
This market is ready to turn, watch the higher time frames and the AO for divergence; look for a bdb with good angulation and you can have yourself some great trades.
  • #387
  • Feb 11, 2010 1:52pm Feb 11, 2010 1:52pm
hi does any1 have an indicator to signal/mark the 1st wiseman signal? aka the divergent bar.
  • #388
  • Feb 22, 2010 11:38am Feb 22, 2010 11:38am
Could this be bdb or something it seems like wave 5 to me..any comment.
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MY OPINION NOT FINANCIAL ADVISE
  • #389
  • Feb 22, 2010 12:26pm Feb 22, 2010 12:26pm
Quoting yunielescaz
hi does any1 have an indicator to signal/mark the 1st wiseman signal? aka the divergent bar.
You can try to use this indicator, who the Yellow histograms indicate pin bars. The Blue and Magenta histograms indicate hook bars (O/C in the third of the bar range)
.
Attached Image (click to enlarge)
Click to Enlarge Name: alligator_gbpusd.gif Size: 16 KB
Attached File(s)
File Type: mq4 ArenDI ATR_v2.mq4   6 KB | 647 downloads
  • #390
  • Feb 24, 2010 10:57pm Feb 24, 2010 10:57pm
Quoting donfriday
Could this be bdb or something it seems like wave 5 to me..any comment.
I believe that bar fits the criteria of a Bullish DB, however, it turned out to be a fractal that has been taken out so we would now be short.

Anyone have wave explanation?
  • #391
  • Feb 25, 2010 1:31am Feb 25, 2010 1:31am
Quoting Unchained
I believe that bar fits the criteria of a Bullish DB...
Be careful with DB even if it meets criteria it easily could become a looser.
  • #392
  • Feb 26, 2010 10:56am Feb 26, 2010 10:56am
Quoting isto
Be careful with DB even if it meets criteria it easily could become a looser.
Hello Isto. I've enjoyed and learned a lot from reading your post on Chaos, thank you.

What are your suggestions/opinions/experiences with DB entries?
  • #393
  • Feb 27, 2010 9:35am Feb 27, 2010 9:35am
Quoting Unchained
Hello Isto. I've enjoyed and learned a lot from reading your post on Chaos, thank you.

What are your suggestions/opinions/experiences with DB entries?
50/50 - when it turns to be true returns a nice profit, but fluctuations might become easily a loss. I'm trying to be very careful with it
  • #394
  • Apr 14, 2010 11:12am Apr 14, 2010 11:12am
Quoting AvidTrader
Bill does not use the AC any longer....
Just a question ...What "Green Line" for close?
  • #395
  • Apr 14, 2010 11:15am Apr 14, 2010 11:15am
Quoting yunielescaz
hi does any1 have an indicator to signal/mark the 1st wiseman signal? aka the divergent bar.
Will these work?
Attached File(s)
File Type: ex4 1w BW-wiseMan-1.ex4   4 KB | 635 downloads
File Type: mq4 1w BW-wiseMan-1.mq4   3 KB | 751 downloads
File Type: ex4 1w BW-wiseMan-2.ex4   3 KB | 613 downloads
File Type: mq4 1w BW-wiseMan-2.mq4   2 KB | 745 downloads
  • #396
  • Apr 14, 2010 11:25am Apr 14, 2010 11:25am
Quoting sinner-
Hi guys,

When I first began to research this method I was taking some notes and here is some notes from FF member taxgeek which I found extremely useful.

"Wave 3 will always be the highest peak of the oscillator. In Wave 5 the oscillator is always divergent from price. During wave 4 the oscillator will pull back to or almost to the zero and cross to begin wave 5."

So today I tested this out and came up with some EW counts for your perusal:

U/J: Wave 5 of impulsive down move complete, we are now in corrective up move: wave A up to...
What are you using to draw your Elliot wave? and number it? Manually?
  • #397
  • Apr 30, 2010 2:54am Apr 30, 2010 2:54am
Sell Stop @ 0.9296
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  • #398
  • May 1, 2010 2:04am May 1, 2010 2:04am
EU bearish PA rally back to close above support line ...this show unclear scenario cus price still below Alligator lines in downtrend......GU PA rally back to test broken Alligator showing a WM3 as price still remain below alligator lines.
next week should give better clue as price is still in selling zones ..
Attached Images
MY OPINION NOT FINANCIAL ADVISE
  • #399
  • May 4, 2010 11:38am May 4, 2010 11:38am
WM1
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  • #400
  • May 5, 2010 2:29am May 5, 2010 2:29am
eu rock
MY OPINION NOT FINANCIAL ADVISE
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