Next we analyzed the characteristics of the individual waves and introduced a tool that takes the ambiguity out of wave counting.If you are new in this topic please read the other treads in this forum about chaos trading system: Profitunity (Chaos) Trading System by Bill Williams Chaos Trading System Trading Chaos I have found an excellent indicator ZoneTrade that is based on this trading approach that integrates AccelerationDeceleration Technical Indicator (AC) and Awesome Oscillator (AO) into the standard candlestick charts.
Accoding to the developer of the ZoneTrade indicator this is based on the following: The indicator is written by the fourth dimension of B. Williams - Trading Zone: If the current bars of AC and AO are green, it shows that the zone is green. If the bars of AC and AO are differently directed then the bar is colored grey (grey zone). My own idea is to improve this ZoneTrade indicator and extend its efficiency by integrating this approach into Heiken Ashi candles. These Heiken Ashi candles are powerful and easy tool to filter trending and sideways market. ![]() I think that this will be the excellent advancement of this trading technique. ![]() Sheesh - his basic (from the books) system has always been free - his home study course and private tutorial is where the action is. Speaking of which, if there is ANYONE reading this who like me has done his course please PM me. Ash. I hope you guys could post some of the charts for newbe like myself, to learn, digest and critic in order to more confident in trading. Zenoni,sir, could you post how the HA candles be useful in identifying the Blue light Special trade Thanks and I hope to learn the best method for my trading from this thread. Also feel free to join our live BW Chaos Trading Room at the signature below. Zenoni.it would be great to have you post your charts there too. Ash Ignored Hi ozash.I bought his home study course in 1997 and his updated one in 2007. I have a live trading room using his method at the signature below. I think its important to point that out, because there is a great deal of misunderstanding of what this book is about. Bill Williams describes the progress of a trader through 5 levels: Novice Level: Objective: To not lose money while gaining experience. Tools: OHLC, volume, MFI, Profitunity windows and air bag Summary:.The tools you should now be using are the individual bar analyses(OHLC) which will tell you who is in charge and what they are doing.you should recognize quickly and immediately the immediate trend direction. Level Two - The Advanced Beginner: Objective: To make money consistently on a one-contract basis Tools: Elliott wave and fractals Summary:.We examined the Elliott wave by looking at the basic rhythms the market follows.
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