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fxhermit replied Feb 3, 2009Yes, kinda, sorta — Yes, kinda, sorta. I don't want to do to much "predicting" but it certainly makes sense to watch for one or the other around the trendline "heads up" areas. I am quite willing to "Stay calm, be brave and wait for the signs" ...
Chaos Trading System
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fxhermit replied Feb 3, 2009find a fractal — Decided to drop down to the 30 min to find a tradable fractal. So far so good. Price is near to the top of the channel - let's see what happens. Gotta love those trendlines.
Chaos Trading System
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fxhermit replied Feb 2, 2009Got my answer — Well. I guess that I got my answer. The remainder of my last weeks trades were stopped out in profit and I am now flat the market. There was technically an entery on the 1 hr (barely), although I was not around to take it and ...
Chaos Trading System
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fxhermit replied Feb 2, 2009Enjoy your read — Nimrod wrote - "I m getting the Bill william book New Trading Dimension by this week on priority shipment and the Chaos Trading 2nd edition." Enjoy your immersion into the land of Chaos.
Chaos Trading System
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fxhermit replied Feb 2, 2009new week — Phew! Last week was a beauty, hope you all rang up the pips. A solid countertrend (corrective) wave early in the week followed by a very nice impulse wave that is currently still intact. The beginning of the impulse wave got off to ...
Chaos Trading System
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fxhermit replied Jan 27, 2009Hello — Some of what Williams wrote about Balance Line trades and Blue Light Specials may prove very applicable to your approach. May help to keep you out of some of the "nasty" ones and let you take home a few more pips on the good ones..
Chaos Trading System
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fxhermit replied Jan 27, 2009S/R Zones — O.K. glad that was helpfull. If I remember my market "jargon" correctly, when one s/r point gives way and then makes a second s/r point creating an s/r zone, some traders call that "throw over". There is also "throw under" when ...
Chaos Trading System
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fxhermit replied Jan 27, 2009Areas — Very astute observation, Slight. Here is my thinking on it. Although fractal s/r lines tend to make the s/r look like definitive points, I think it is always best to treat them as areas or zones rather than distinct points ( although, ...
Chaos Trading System
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fxhermit replied Jan 27, 2009Ahhh... — Ahhh... good old fractal support and resistance, either it holds or it breaks, both of which offer trading opportunities. Watch the Alligator, take the initiating fractal. The AO helps out too (divergence). P.S. Thanks, Slight for ...
Chaos Trading System
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fxhermit replied Jan 25, 2009Start of a new week — Since this is the start of a new week I thought that I would post a chart of my recent s/r fractal based trendlines. The 4 hr is my main window, straddled by the daily and 1 hr so that is what I've posted. The way that I ...
Chaos Trading System
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fxhermit replied Jan 25, 2009Overview — There is an overview of Williams Chaos theory posted here: url Hope I'm not breaking any rules by posting this link
. P.S. Nimrod, it explains a bit about the Gator Osc.Chaos Trading System
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fxhermit replied Jan 25, 2009S/R — Yes, it is some interesting stuff, isn't it? I whole heartedly agree with you that we "gotta figure out how reliable which s/r points are and what that has to do with the waves". As far as the reliability of the s/r points is concerned I ...
Chaos Trading System
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fxhermit replied Jan 25, 2009Gator??? — Hi Nimrod, Glad that you are liking the methodology. Be sure to read all three of William's books if you get the opportunity. As for the Gator Oscillator, William's writes about it in his first book, Trading Chaos 1 but doesn't come ...
Chaos Trading System
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fxhermit replied Jan 23, 2009Couldn't resist... — Couldn't resist posting a few more examples of how, in a down trend, old support once broken becomes new resistance and the birthplace of a new impulse wave. Certainly turned out to be high probability trades. Now if we ...
Chaos Trading System
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fxhermit replied Jan 23, 2009Beginings and endings — Yes Slight, I think that there may be some potential in corollating S/R levels with wave beginings and endings especially around those areas where former support is likely to become new resistance and vis versa. ...
Chaos Trading System
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fxhermit replied Jan 22, 2009May I suggest... — First of all, welcome aboard. Second of all, all of us had to face the same trial by fire as you are currently experiencing, some survived, some didn't, fact of life. Williams addresses trader survival quite thoroughly in ...
Chaos Trading System
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fxhermit replied Jan 22, 20094 hr EUR — Just updated a couple of my S/R lines on the 4 hr EUR. Alligator going flat with a downside bias at this point. Considering where this corrective wave is in the channel, I'm not surprised to see the 'gator digesting a bit. Always ...
Chaos Trading System
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fxhermit replied Jan 21, 2009Blue Light Special — If I recall my reading correctly, Williams describes several ways whereby one can go "inside" the fractal to initiate a trade. He writes about Thumb trades, Balance Line trades and Blue Light Specials. They all have their ...
Chaos Trading System
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fxhermit replied Jan 21, 2009O.K. — Hi, O.K. I'll work on it and post something later. I've been enjoying your and Slights posts on wave counting - keep up the good work. Insights gained into the underlying structure of the markets is always a good thing, especially when ...
Chaos Trading System