Profitunity (Chaos) Trading System by Bill Williams

Thank you for the question and I think it's very important one for those new to forex, I'm not aware of your experience but I thought I'll add my Humble opinion here. I believe no time frame is better or lesser than other however there are some peculiarities of every Time Frame. One has to consider the following factors

1. Your life style, ie do you work or not hiw long are u available erc
2. Your patience level
3. account size

These are main points there are others too so it's a decision you must take and decide what tf your more comfortable with

Personally, I trade from h4 down to even m1

Cheers

I am looking at your blog.... nice work..!!

This chart has both of your custom indicators.....? The shaded area on the price chart and the 'AO V2....?

Thanks.

I can see from blog that you have made a science of this system..... most enlightening..!


daveM

totally agree!

Would the arrow on this pic represent the 'saddle' to be bracketed with orders.?

Seems price is between the lines and they are confused.....

Saddle point is created using 1 sleeping alligator 2 ao flat at zl 3 ac flat at zl

However I use only 1 n 2

So yes this almost sleepy ali but I don't know ie cant say , whether it's a saddle

Regards

New to this method, I find those indicators to be excellent. I was able to make three profitable trades earlier in the day just by bracketing some narrow ranges that I thought looked like saddles(they probably were not saddles, LOL)

I have always avoided EW, I can see now that it will be most useful.


Thanks for the help.!!


daveM

Excellent video on the blog..... Just as I am saying I need to learn about the wave..... I see the video and it does a great job...

http://www.itradeaims.com/

Hey Dave

Its great to know that you're already having fun with it. Remember one thing, our overall long term profit does not come from a higher %age of win ratio. The secret is letting the winners run. I know the question, most asked, how do we do that. I can assure you using this technique you might be getting around 50% losers. but your winners are going to be much larger. In fact so large that you wont care about those "Rents" that you might pay while living in "low rent district" zone. (saddle point)

Earlier I replied to your question using my phone, looking at it again, its a spot where I would most definitely go long.

The Video
Thank you for your comments on the video. It was not done with any such preparation at all. We were just going to have talk a casual one. One of our friends, (M) said why not record this session so we can repeat it, "repetition being the mother of learning" so I said why not lets do it. But when it was over I really liked what i said, haha. I was like, "aha, I can listen to myself and teach myself while I'm having a down time". Trust me it happens. e.g. during July - Dec 2010 I was proper in the zone. I quadrupled my account. Then I lost it. No no not my account, the zone. I was not able to be as profitable as I was. I was in, what Bill calls "in the hole". And its true once in a while you would find yourself in it. And the way to get out of it is something that I might discuss on my blog or here some other time. But once you're in the zone, you do things that you dont know how you do, when others ask you how you do it, you're usual response would be "I dont know". This could also bring negative energies from others who have no idea of being "in or out the zone". which is why forums could be a very dangerous place to express views. it is for this reason i believe forums is either for beginners or strong believers ie consistently successful. The ones who just find their path must go away and put in to practice, act on the newly found wisdom. Become believers. Later they can come back and give back what the universe gave them. this is also true that the process of taking precedes giving (ie. in larger proportions) but give you must. for giving is what brings more to you.

Moreover, if you've got AIMS Levels V.2 on your chart which I can see you have, you dont need the fractal arrows. The whole purpose of AIMS Levels indicator is clear the clutter of up and down arrows. You might wanna get rid of them unless you're onto something else that. Just my opinion

I hope everyone's having a blast!

cheers

I did remove the arrows and I modified the background of the chart a bit so that I could see the indicator a little more clearly. and now the clutter is gone..

YES, I am having fun with it....!

I made a little ea so that I can play the bars again on different charts..... I like to do replay with any system so that I can test my knowledge and skill.

If someone wants the little EA I will post it here. for sure it is nothing miraculous, just a tool to help me learn.

Happy Easter, everyone...!

I find this to be easier to see the fractals

I found this little script that may save valuable time re order entry.
I find the order form in Metatrader to be a bit bulky and awkward. this may assist someone

Yousafzai,
Thanks for the video, that was great. Its amazing what you can learn when you get someone elses perspective! Really like the web site also.
Regards,
Greenriver

Yousafzai,

congratulations on your blog, this might compliment my trading strategies very well, and I can resonate with your words about trading mind and being in a " zone ".

Short question :

Regarding the 2 books by B./Justine Williams on your site : which one would you recommend ? As far as I know one of them, " Trading Chaos ", was the first one, but is it still valid for today`s market environment ?

What is your experience ? Thank you !




_____________
michael

Dave Michael greenriver
Thanks

I would recommend reading both they compliment each other
Though markets change behaving frequently the underlying structure remains almost the same because it takes a relatively longer time to change

Note that I have not mentioned reading 2nd edition of trading chaos

I believe forex markets are perfect for trend following still

Regards and thanks for your kind words and visiting my blog

Thank you, very helpful. I`ll read both books. Great video, just watched it - you have a natural ability to teach.

I must admit that breaking down the EW stuff and looking at AO for clues is a huge step towards taking out the guess work.

I have the impression that this way of trading has either been misunderstood or underestimated by most traders....

a) not reading the books
b) failing to understand the combination of all tools.

I hope to contribute more soon.



________________
michael

hello all Traders, gload to salute you.

recently i was reading the Book Trading Chaos Ed 2.

i would like to share my entries, mostly to improve my technics, i had some good trades before, but have the need to improve this strategy, maybe you can help me as i can help you with my succees or mistakes.

i have a mini account only 500US$ so far. and not rushing to make full profit, wanna be a least at level one where no lost are while adquiring experience.

Here is an Eu/Us M5 chart where i pretend to take a sell position based on the Wise Man 1 signal.

here is what i wonder...

1. Has a good angulation?
2. are well drew my angles?
3. as you can see AC and AO both are showing signals, should i set another 2 sell orders even if i dont see profits yet?
4. few minutes after Segond Wise Man appears, shoul i set another sell order?
5. where should i set my stop lost ? is ok where it is , one tick above the last buy fractal?
6. should i use take profit or only trail stops losts?


Thanks in advance

here is how is developing today EU/US in M5 chart,

as you can see more signals presented, 1 buy fractal and 2 sell fractal, i set and pending buy stop order just above the buy fractal as it is avobe red balance line, i am not sure if i set another sell stop bellow the sell fractal.

AO is still red, but AC is turning green.
i am realy not sure about these trades.

few minutes later the buy order was trigger. now i have 2 contracts, 1 sell and 1 buy.

thanks in advance for your comments.

the trade continuation:

as the price hit down the sell fractal, AC and AO was red, i decided to close the buy order and set another sell order, hopes all goes ok.

i woul like some advice for these cases.

thanks in advance and best regards

Hi jgimenez76,

After a very short look on your charts, because is very late in my tim zone, this is my opinion, with good chances to be uncomplete:

- TC2 is about entering in the market soon, right after a trend is over. In your case: uptrend is over, Ao is still green, you enter the market short under the low of the divergence bar, SL 1-2 pips higher then the same pricebar.
From this moment all your orders must be short.
- You are still above red line but you are expecting the price heading down , so don't go long.
- Lines for the angle must be drawn from the point where the price intersects the red line.
- Second signal: three red bars on the AO, you must enter the next pricebar, but only short.
- You take all the down fractals, but only the down fractals.then you will not have 1 long and 1 short order in the same time.
- Because you never know how much the market will give you (B.W.), don't use TP, just trail manually, at the top of the highest 3 or 5 bars of the same colour.

Bye,
K. Cs.