Profitunity (Chaos) Trading System by Bill Williams
- #1,404
- Edited 1:24pm Dec 14, 2012 7:46am | Edited 1:24pm
Nice to see you all again 
http://clip2net.com/clip/m180994/thu...-clip-32kb.png
http://clip2net.com/s/2Bx4b
EXIT & Killer
http://clip2net.com/s/2BxGW
http://clip2net.com/s/2BBOm
http://clip2net.com/clip/m180994/thu...-clip-32kb.png
http://clip2net.com/s/2Bx4b
EXIT & Killer
http://clip2net.com/s/2BxGW
http://clip2net.com/s/2BBOm
Hi, I am a new user, and i wish to learn about this system. Actually i am trading in a platform that provide me a chart of 2 hours. i think that is a good timeframe but y want yours opinions.
Excuse me for my english, I am chilean and my language is spanish.
Thanks for your answers.
P.S. My english is the same
- #1,413
- Dec 23, 2012 12:17pm Dec 23, 2012 12:17pm
My daily reviwe.
The day 21/12/12 is bearish bar without extra long shadows. This bar is struck the least Pin bar on 19/12/12.
We have:
On Daily chart
divergence on the MACD indicator
we are in the red zone (AO and AC are red)
formation of fractal on bar 19/12/12
price reached the target zone 61.8% of Fibonacci expansion
price reached the middle of the rising channel and bounced
On Weekly Chart
price almost reached the moving average EMA240 and almost pushed off her
we have a very nice pin bar
conclusion:
Based on the daily chart, it is possible that the fifth wave ended, hence the weekly chart has formed one of the impulse waves, it is probably the first, for sure it will be possible to say when (if) on the daily chart the candle closes below the Alligator's teeth.
We can put a pending order for the minimum (minus 1 point) weekly bar and wait for 3 consecutive columns appear in red on the display AD, which signals to refill short.
One must be careful when prices approach alligators, maybe she will push off of it.
The day 21/12/12 is bearish bar without extra long shadows. This bar is struck the least Pin bar on 19/12/12.
We have:
On Daily chart
divergence on the MACD indicator
we are in the red zone (AO and AC are red)
formation of fractal on bar 19/12/12
price reached the target zone 61.8% of Fibonacci expansion
price reached the middle of the rising channel and bounced
On Weekly Chart
price almost reached the moving average EMA240 and almost pushed off her
we have a very nice pin bar
conclusion:
Based on the daily chart, it is possible that the fifth wave ended, hence the weekly chart has formed one of the impulse waves, it is probably the first, for sure it will be possible to say when (if) on the daily chart the candle closes below the Alligator's teeth.
We can put a pending order for the minimum (minus 1 point) weekly bar and wait for 3 consecutive columns appear in red on the display AD, which signals to refill short.
One must be careful when prices approach alligators, maybe she will push off of it.
