I do, because Bill Williams did exactly that in his first book to set up a trading zone, and angulation is in the eye of the beholder. That doesn't seem to be an explicit part of his later methods, but I do think that he tends to assume it. You can ...

Chaos Strategy - Mid term and long term trading.

Fractals are supposed to be fractional geometry of the Elliott wave. Actually they're just price patterns that demonstrate a point of support or resistance and have pretty much nothing to do with fractal geometry. You add on the first bar that ...

Chaos Strategy - Mid term and long term trading.

Exactly and most folks never bother to learn enough about the indicator to understand what it is saying. They just trade on the basis of lines crossing lines, or price crossing lines totally unaware of how to judge whether that cross is valid or ...

Why Indicators will fail you

Enjoy.

Chaos Strategy - Mid term and long term trading.

Correct. That's the way Williams actually does it. You have to realize that the system presented in the book is a beginner's system. It's like training wheels for a bicycle. His stated goal is that you trade without losing huge amounts of money ...

Chaos Strategy - Mid term and long term trading.

The bar you have "get sl" on is actually the one to trade It had not fully satisfied the fib projections until then.

Chaos Strategy - Mid term and long term trading.

Only after you get stopped out and take a loss, if you follow the rule of entering 1 pip above the high of the wiseman. Good example of why just any wiseman won't do.

Chaos Strategy - Mid term and long term trading.

A chart (real trade) — Here's an example of what can be done. I usually stick to 1hr or 4 hr charts, but the wiseman 1 doesn't always occur there. Here it occurred on the 5 minute chart, right on the red line at the bottom of the chart. This ...

Chaos Strategy - Mid term and long term trading.

The first book Trading Chaos 1st edition is all Elliott Wave. The strange attractor that organises Chaos (new information) is the Elliott Wave structure. He has one really long chapter on using it. Even that isn't quite enough information. Best way ...

Chaos Strategy - Mid term and long term trading.

His first book was about Elliott Wave. The last one is too. Remember he says that all of his earlier techniques are still good. Actually they're all still in use at the same time. He just isn't explicit about it. Look for wisemen that occur in the ...

Chaos Strategy - Mid term and long term trading.

Thanks! Here's a look at the chart in case some of that wasn't clear. The odd looking indicator that price is dancing around is a 7 period, .7 deviation bollinger band. That takes the place of the Alligator. Even John Bollinger admits that his bands ...

Chaos Strategy - Mid term and long term trading.

Good job. Best explanation I've seen on the web. It is a profitable system. I use a slight variation and have had very good success. Doesn't sound like your friend was using the kind of money management advocated in the books though. Note that the ...

Chaos Strategy - Mid term and long term trading.

No such animal exists. Just be mindful of market position and only take crosses in the direction the market is going, and you will eliminate virtually all of them on any time frame. Most of the others will be eliminated, if you trade with a position ...

What's a good moving ave to avoid whipsaw?

Simplest way is to be cognizant of market structure. Look at the classic Elliott wave structure laid out here. In both cases your bad trades are caused by trying to trade corrective waves. The appropriate place to trade is at the beginning of ...

Need help with my simple system

It's only a problem for people using indicators, because each broker will have give different signals on those. I remember seeing one thread here where trades had to be taken off ODL's charts, otherwise the signal might not even occur on another ...

If the market is not centralized?

Bad chart readings affect all calculations by indicators. I note that the chart you are referring too is from IBFX. They're demos have a lot of data skips, which can definitely affect all indicators. They're live isn't exactly accurate either. I had ...

Jacko's Forex House of Pleasure and Pain

Interesting. I've been working along the same line. An eye to market structure will always improve any trading system, whether it's based on indicators or price action. I don't worry too much about actual counts. I'm mainly interested in deciding ...

Elliot Waves musings

Maybe we should just all be smart give up on MT4 brokers.

Interbank FX 12 pip jump on three pairs....

Highest timeframe that is consistent across brokers is the one hour. On four hour and daily everyone sees a different picture.

Are we trading different markets?

Another point: most people simply do not want to take time to study the chart. They get into a hurry. Then they go short, when the chart plainly says go long. Can't say that I agree with the 5 or 10 pips business. That takes too much trade hunting. ...

Now I know why 95% of traders are on losing side