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Profitunity (Chaos) Trading System by Bill Williams

  • #781
  • Feb 15, 2010 7:55am Feb 15, 2010 7:55am
Quoting yunielescaz
hi does any1 have an indicator to signal/mark the 1st wiseman signal? aka the divergent bar.
yes but i will advice u not to use it cus it repaint.
MY OPINION NOT FINANCIAL ADVISE
  • #782
  • Feb 16, 2010 6:52am Feb 16, 2010 6:52am
Quoting donfriday
yes but i will advice u not to use it cus it repaint.
ah found it. actually it doesnt repaint. once the bar closes, the code decides whether it fulfills the requirements of a div bar and then marks it. of cos there might be a few div bars before the prices actually reverse(n all of them will be marked) but it serves as a great signal to get ready to enter.
multiple div bars usually happen when i use them on 5-30mins TF. much better on 1hrs n more. mayb its cos BW likes to trade dailies n thus his methods are more for longer TFs
  • #783
  • Feb 17, 2010 10:34pm Feb 17, 2010 10:34pm
1H Fractal breakout sell stop. Price below Aligator. AO below zero level.

Above pending buy stop fractal is for 4H chart continuation of bull rally.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1h chaos.gif Size: 25 KB
  • #784
  • Feb 19, 2010 8:43am Feb 19, 2010 8:43am
Hi

I thought (wrong) that there is no interest on Chaos system. I've got lots of PM about it and was surprised how many people is stick to this system.

Hope you're trading successfully
  • #785
  • Feb 20, 2010 3:51am Feb 20, 2010 3:51am
Quoting isto
Hi

I thought (wrong) that there is no interest on Chaos system. I've got lots of PM about it and was surprised how many people is stick to this system.

Hope you're trading successfully
hey man,,,it sound like u stop trading this system....bill williams is 1 of the wise man i ever read his book and very enlightened his system is a confirmation trend and very good to scalp with..i enjoy his system and if newbie can be patient to trade the fractal wave breakout with good MM u will have more winning, if u have good view of high and low prices then u wont have problem trading it..cheers Don
MY OPINION NOT FINANCIAL ADVISE
  • #786
  • Feb 22, 2010 1:39am Feb 22, 2010 1:39am
Hi Don
Quoting donfriday
...it sound like u stop trading this system....
No, I'm still trading with more or less success. Just it seemed to me that everything has been said on this system...
  • #787
  • Mar 7, 2010 9:51pm Mar 7, 2010 9:51pm
Once you make a buy/sell stop do you keep it until the price hits and activates it? Should you delete a stop before price hits it, if so when?
  • #788
  • Mar 8, 2010 5:46am Mar 8, 2010 5:46am
Quoting lolpie
Once you make a buy/sell stop do you keep it until the price hits and activates it? Should you delete a stop before price hits it, if so when?
Once set - never delete it. Move only if price is moving in your direction. If price is against you stay still unless there is evidence that entry was an error and you want to leave trade.
  • #789
  • Mar 8, 2010 4:35pm Mar 8, 2010 4:35pm
Quoting AvidTrader
His DVD's reflect the new changes I mentioned except for the purple line. I did buy his updated version 2 years ago so maybe he updated the DVD's with the new change. I would just email them to find out. I went to his personal tutorial a year and a half ago and that is when he gave us instructions about the purple line and RSI.

The Attached Image below is a chart for the indicators he now uses:
Hi Avidtrader!

I find the purple line very interesting, never heard of it before.
But I don't understand, which Aligator settings you are using.
I see 10/16/26 for the three lines, which is incorrect. They should read 5/8/13.
Plus Williams don't base this on exponantial MA, but on the smoothed MA.

Please would you be so kind and clarify!

Greetings, alivef
  • #790
  • Mar 9, 2010 5:20pm Mar 9, 2010 5:20pm
Thank you for the quick reply avidtrader!

I am following Bill Williams' aligator system since 2005, so I am always interested to hear new things about it.

There is one more thing I would like to ask:
I always hear, that the forex-market is not the right market for this system, and many people say, that it simply doesn't work.

Do you know anyone, who trades the aligator in Forex and is profitable with it on the long run?
If yes, what timeframe does BW recommend for Forex? I would believe, that anything below 1 hour timeframe is much to choppy for it.
Or: which pair does he recommend? very volatile ones, like GBPJPY oder slower ones, like AUDUSD oder USDCAD.

Thank you again in advance for your answer.
I am such a huge fan of this and would really like to test it on a live account, if there is any chance that it would really work!

kind regards,

alivef
  • #791
  • Mar 10, 2010 3:54pm Mar 10, 2010 3:54pm
Quoting alivef
Thank you for the quick reply avidtrader!

I am following Bill Williams' aligator system since 2005, so I am always interested to hear new things about it.

There is one more thing I would like to ask:
I always hear, that the forex-market is not the right market for this system, and many people say, that it simply doesn't work.

Do you know anyone, who trades the aligator in Forex and is profitable with it on the long run?
If yes, what timeframe does BW recommend for Forex? I would believe, that anything below 1 hour timeframe is much to choppy...
BW has traded the daily's with the currency market. He recommended to me to use higher time frames. I've used 4 hr and 2 hr time frames. I like 2 hr time frames the best. But when I am in front of the computer and trading, I like to use 15 min time frames for a 4-6 hour period. Since I live in California its too late to trade the London market so that's where I'll put on trades using 2 hr time frames for overnight. I am very consistent with what I have described.

BW's trading method is the best one I've seen and I find it strange that some say it doesn't work with the forex market. I do not find that to be true at all. His method works in any market.
  • #792
  • Mar 11, 2010 3:40am Mar 11, 2010 3:40am
Quoting AvidTrader
I believe it is from the close (correct me someone if I am incorrect) and based of my limited knowledge of Renko I would say that BW's method will keep you in a trend longer.

I actually use candlesticks and they can give me additional confirmation of a signal I might take. Where BW's might not get you in the beginning of a trend or possible exit, an harami candlestick might signal the end of one which I might short or go long at that point or exit and/or reverse if I'm in it.

Hi AvidTrader,

Here I've found something that you might wanted to know, when I opened the properties of the alligator. Its shows that the alligator was applied to median line with smooth MA. This alligator indicator come by default with metatrader software.

http://img393.imageshack.us/img393/5400/32807666.png

Hope I can learn more here..

Thanks
Novice Trader
  • #793
  • Mar 26, 2010 4:44am Mar 26, 2010 4:44am
Hello,

Thanks for your posts. I am trying to learn the fractal breakout. I read your initial posts and went through the explanation on alpari. But, still don't understand it fully. What does it mean 'first fractal breakout' which is the first fractal? When we see the fractal arrow appearing, do we trade in the opposite direction. Please clarify.

thanks
rummy
  • #794
  • Mar 27, 2010 8:18am Mar 27, 2010 8:18am
Hello,

Here's a chart. Please have a look and let me know if it is a bit more clear for you....

You have to wait for the alligator to go to sleep, then, you are looking for a fractal forming above/below the red line. then, you are in !

I hope this help !
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 2010-03-26 (90 Min).jpg Size: 130 KB
  • #795
  • Mar 30, 2010 6:59pm Mar 30, 2010 6:59pm
Is Anyone still Posting/listening to this thread? New to Chaos, still reading, just looking for people to clarify things a little more?
  • #796
  • Mar 31, 2010 2:23am Mar 31, 2010 2:23am
Quoting pmacbrian
Is Anyone still Posting/listening to this thread? New to Chaos, still reading, just looking for people to clarify things a little more?
If you need - ask.
  • #797
  • Apr 1, 2010 4:07am Apr 1, 2010 4:07am
Quoting isto
If you need - ask.
I know after reading the balance of your threads here Isto that you seem to have covered everything. I am just a little dense I think. I have traded for a year and consistently lost money from a 20k account. in December I "got" it somewhat and since have gained back the 7k loss and made several thousand over my initial investment.

In looking at the indicators I am still puzzled at the role the wisemen play.. I have Trading Chaos 2nd otw from Amazon but need a little more "real world" how they are used.

Paddy
  • #798
  • Apr 1, 2010 4:47am Apr 1, 2010 4:47am
Quoting pmacbrian
i know after reading the balance of your threads here isto that you seem to have covered everything. I am just a little dense i think. I have traded for a year and consistently lost money from a 20k account. In december i "got" it somewhat and since have gained back the 7k loss and made several thousand over my initial investment.

In looking at the indicators i am still puzzled at the role the wisemen play.. I have trading chaos 2nd otw from amazon but need a little more "real world" how they are used.

Paddy
u can only understand after reading the book and seeing the partterns forming on ur chart till then everything abt wiseman signals will be new to u..this method is not for retracement it rather base on breakout and momentum trading in counter trend..buy above and sell below alligator mouth required patient and fractal wave breakout...
MY OPINION NOT FINANCIAL ADVISE
  • #799
  • Apr 1, 2010 3:15pm Apr 1, 2010 3:15pm
Quoting donfriday
u can only understand after reading the book and seeing the partterns forming on ur chart till then everything abt wiseman signals will be new to u..this method is not for retracement it rather base on breakout and momentum trading in counter trend..buy above and sell below alligator mouth required patient and fractal wave breakout...

I would assume also that one should stick to trade going in the direction of the longer timframe trends?
  • #800
  • Apr 2, 2010 7:51am Apr 2, 2010 7:51am
hi Paddy
Quoting pmacbrian
I have traded for a year and consistently lost money from a 20k account...
First things - first.

Never ever trade system on a live account unless you're pretty sure what are you doing! Period.

Quoting pmacbrian
... I have Trading Chaos 2nd otw from Amazon but need a little more "real world" how they are used...
Whatever system you choose you must understand it - how and why it works as it works. This requires lot's of reading, thinking and experimenting.

All explanations on the world won't replace your homework.

As I said above: If you have questions - ask.
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