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Profitunity (Chaos) Trading System by Bill Williams

  • #921
  • Nov 15, 2010 9:39am Nov 15, 2010 9:39am
Quoting RbrTrader
I'm novice to his system but not to systematic trading as i've been doing this for two years now. I've read BW's books and I'm drawn to the theory as it seems sound and compelling but i'm wondering where it could fail. Is it just an issue with following the system or does it have to be tweaked in order to uleash it full potential? One thing that i'm slightly perplexed by is the AO definition, which is a moving average based indicator based on the same lookback period for all markets and timeframes; am i wrong in thinking this or are there potential...

In this world noting work best all the time so u will not be wonderin why BW system fail cus noting is perfect. Don't worry if it fail u sometime but if u can grow ur acc consistency. Demo it and master it, you will find the result before u put real cash in.
C ya
MY OPINION NOT FINANCIAL ADVISE
  • #922
  • Nov 17, 2010 10:20am Nov 17, 2010 10:20am
Hi

I'll quickly add another chart. just to show that the system is amazing as long as your mind stays in the NOW. Meaning if you stay in the NOW you will make money.
(sorry i have cropped the pic to get rid of extra space)

I hope you enjoy this chart. I hope this helps as a confidence boost and may you believe as well. That it can be done.

Over and out!
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-15 eu 187 pipsa.gif Size: 28 KB
  • #923
  • Nov 17, 2010 11:20am Nov 17, 2010 11:20am
Hi Yousafzai,

Great trade.

Kindly advise in which time frame you mention wave 5 trading ?


Thanks n Regards,


Quoting yousafzai
Hi

I'll quickly add another chart. just to show that the system is amazing as long as your mind stays in the NOW. Meaning if you stay in the NOW you will make money.
(sorry i have cropped the pic to get rid of extra space)

I hope you enjoy this chart. I hope this helps as a confidence boost and may you believe as well. That it can be done.

Over and out!
  • #924
  • Nov 17, 2010 10:17pm Nov 17, 2010 10:17pm
hi anybody ever use wiseman 1 and 2 (in the trading chaos 2nd edition) ... it is so dangerous for me ... especially for wiseman 2 (super ao) .. because it did counter trend. any advice how to use that ?
  • #925
  • Nov 18, 2010 6:19am Nov 18, 2010 6:19am
Quoting nightingale
hi anybody ever use wiseman 1 and 2 (in the trading chaos 2nd edition) ... it is so dangerous for me ... especially for wiseman 2 (super ao) .. because it did counter trend. any advice how to use that ?
in an interview, Bill said to use it at the end of a complete 5 wave, make sure the 5 magic bullets presence..
  • #926
  • Nov 18, 2010 8:24am Nov 18, 2010 8:24am
Quoting nightingale
hi anybody ever use wiseman 1 and 2 (in the trading chaos 2nd edition) ... it is so dangerous for me ... especially for wiseman 2 (super ao) .. because it did counter trend. any advice how to use that ?
YEs I do. But as the other member mentioned quite correctly, it has to be when you have reason to believe t hat is "grounded" assessment that the trend could be finishing and ready for reversal. That you can do by looking for 5 Magic Bullets and then spotting the Bullish/Bearish Divergent bar. It is more an art. I focus mainly on the Saddlepoint/ sleepy Alligator situation. For that I trade the lowest fastest possible time frame. Its like I zoom into the corners of Mandelbrot's Bug!

I hope it helps.

cheers

imran

ps: the above chart is m1, as shown in the comment over the chart.
  • #927
  • Nov 18, 2010 10:06am Nov 18, 2010 10:06am
The following campaign started last night and left to mature over night. I slept well. Woke up quite energetic, I had no analysis to do. I know my three buddies will be there for me. AIMS, AO and Prof. LE Gator. They helped me add on a few more postions before I exited before news time. Though news did not do much damage, it was wise to run away. !

a couple of candle later on m15 i exited which turned out to be the perfect exit for that time frame. a couple of runners are still there. But since it bounced against upper aims level on h4 chart, i might be closing them soon.
Attached Image (click to enlarge)
Click to Enlarge Name: WOW-EU.PNG Size: 71 KB
  • #928
  • Nov 19, 2010 1:05pm Nov 19, 2010 1:05pm
I am learning and enjoying this discussion. Since BW's 5 magic bullets have been mentioned, I am wondering what you active guys are using to identify a squat bar in Forex, or if you are even using it. It is generally taught that volume is irrelevant in Forex trading, but I think it would be helpful if it could be used.

Thanks,

RD
  • #929
  • Edited 3:07am Nov 20, 2010 2:31am | Edited 3:07am
i have made a new template on mt4,look much better to analyze than the classical black green background,

http://img163.imageshack.us/img163/2889/billw.jpg

im wondering if the fractals are 100% correct ,if any of u use them,can tell me some stuff if it lags or does it follow the price after it pops up ,eg,if it says down ,nd the price goes up, does it ever follow the price up with the down signal until it falls???

###the template bar colours and background are from this thread,the rest mt4 bill williams indis
http://www.forexfactory.com/showthread.php?t=165948###
  • #930
  • Nov 20, 2010 12:20pm Nov 20, 2010 12:20pm
Quoting dragan53
im wondering if the fractals are 100% correct ,if any of u use them,can tell me some stuff if it lags or does it follow the price after it pops up ,eg,if it says down ,nd the price goes up, does it ever follow the price up with the down signal until it falls???
Please dont get me wrong, your question itself raises a couple of questions.
Do you know how to form a fractal? if yes you'd be able to know exactly when a possible fractal would appear?
If no,
then Have you read BW's Book/s?
if yes, then you should know what fractal is
if no, then you should definitely, definitely read the book.

Kind Regards

ps:would you like to eat or learn to fish? if the answer is the later then please read the book. If you already have read the book please accept my apologies. Cheers
  • #931
  • Nov 20, 2010 6:44pm Nov 20, 2010 6:44pm
Quoting yousafzai
Please dont get me wrong, your question itself raises a couple of questions.
Do you know how to form a fractal? if yes you'd be able to know exactly when a possible fractal would appear?
If no,
then Have you read BW's Book/s?
if yes, then you should know what fractal is
if no, then you should definitely, definitely read the book.

Kind Regards

ps:would you like to eat or learn to fish? if the answer is the later then please read the book. If you already have read the book please accept my apologies. Cheers
apologies for what man?

i have read an 50 pages of his trading book online,half of the stuff in the book was about physics nd nature which i like a lot,

nd no im gonna do some research on how a fractal is formed.thannks 4 help
http://ta.mql4.com/indicators/bills/fractal
i have found a fractals ea,will be testing it out,if it works ill post the ea nd results
  • #932
  • Nov 22, 2010 11:16pm Nov 22, 2010 11:16pm
Quoting dragan53
apologies for what man?

i have read an 50 pages of his trading book online,half of the stuff in the book was about physics nd nature which i like a lot,

nd no im gonna do some research on how a fractal is formed.thannks 4 help
http://ta.mql4.com/indicators/bills/fractal
i have found a fractals ea,will be testing it out,if it works ill post the ea nd results
fractal is simple, just look at ur palm, ur middle finger it's ur fractal..
  • #933
  • Nov 22, 2010 11:47pm Nov 22, 2010 11:47pm
Quoting alligator
fractal is simple, just look at ur palm, ur middle finger it's ur fractal..
hehe lol
  • #934
  • Nov 23, 2010 9:10am Nov 23, 2010 9:10am
Hi

I thought I'll just add one more chart. The bar charts are just to help me focus more on AO rather then price.

A good one. This a/c has only this much entries left but on my main i'm fully loaded, with some from yesterdays shorts including shorts from asian. yes a/c just doubled since yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-23 EU - Profitunity.PNG Size: 42 KB
  • #935
  • Nov 23, 2010 10:08am Nov 23, 2010 10:08am
Quoting yousafzai
Hi

I thought I'll just add one more chart. The bar charts are just to help me focus more on AO rather then price.

A good one. This a/c has only this much entries left but on my main i'm fully loaded, with some from yesterdays shorts including shorts from asian. yes a/c just doubled since yesterday.


Master the market and Trade where money goes that is the physics of BW system ...Nice trade you have there ....
MY OPINION NOT FINANCIAL ADVISE
  • #936
  • Nov 23, 2010 3:02pm Nov 23, 2010 3:02pm
Quoting yousafzai
Hi

I thought I'll just add one more chart. The bar charts are just to help me focus more on AO rather then price.

A good one. This a/c has only this much entries left but on my main i'm fully loaded, with some from yesterdays shorts including shorts from asian. yes a/c just doubled since yesterday.
Nice trading. I'm not one usually for intraday trading, but I was wondering what you look for in your setups?

Looks like you might wait for the start of a trend then start entering on fractals, then look for the divergence between wave three and five for exits?
  • #937
  • Edited 5:36pm Nov 23, 2010 5:34pm | Edited 5:36pm
Quoting daerus
Nice trading. I'm not one usually for intraday trading, but I was wondering what you look for in your setups?

Looks like you might wait for the start of a trend then start entering on fractals, then look for the divergence between wave three and five for exits?
Well even I could not have put it so nicely. Well done and thank you for that.

Yes exactly, I would enter almost any fractal, simple works.

cheers

ps: that account went up 168% today.
  • #938
  • Nov 24, 2010 1:40am Nov 24, 2010 1:40am
Quoting yousafzai
Hi

I thought I'll just add one more chart. The bar charts are just to help me focus more on AO rather then price.

A good one. This a/c has only this much entries left but on my main i'm fully loaded, with some from yesterdays shorts including shorts from asian. yes a/c just doubled since yesterday.

how did you do that?? on a 5 min chart?? woww http://cdn.forexfactory.com/images/s...m/applause.gif
  • #939
  • Edited 11:16am Nov 27, 2010 10:27am | Edited 11:16am
Quoting yousafzai
Well even I could not have put it so nicely. Well done and thank you for that.

Yes exactly, I would enter almost any fractal, simple works.

cheers

ps: that account went up 168% today.



Awsome Pips there Mr Y, its amazing to see how you squeeze every last drop of profitunity out the market...time you called Mr Bentley and drove down to see me mate!



EE
eagleeyes
  • #940
  • Nov 28, 2010 2:24pm Nov 28, 2010 2:24pm
Quoting alligator
how did you do that?? on a 5 min chart?? woww http://cdn.forexfactory.com/images/s...m/applause.gif
Thanks EE

When the alligator on M5 opens add on on every fractal until either the AO peaks or if you have enough patience and stronger belief system, wait for divergence possibly get more out of it.

But also depends on your belief system, your patience levels and understanding of the structure of the market. e.g if you are short maximum lots and price moves considerably, (to know what is considerably requires experience and understanding of chaos IMO...) and have enough pips in total do you bank profits or play the game a bit more? its freedom beyond that point. IMHO.

This is my Last Post. Good Bye.

ps: to everyone, it can be done and you can do it too. Jut give it a try.
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