Once you buy the book and if you are a novice, try reading from lesson 7 onwards till the end. By the end you will know all you need to do and you will be left surprised that it was explained so simply. It was the same case with me. This is the exact reason why I chose to do the course at home and then later even went to him for private classes. I then realized that Bill had actually put in all his methods in the book itself! He does have other things like courses and all but these are only for people who have sent a lot of time in the trading business and need more help.
To give you a living example of what his book can do, let me tell you about myself. I had no idea about trading when I first got into it. I was able to find investors like myself and we all started something called as a commodity fund. I had the opprtuity to call Bill and talk to him about this. He spoke very well to me giving me a lot of details and advice.
I am not able to show yu the exct figures of the commodity pool but trust e, it I doing very well. Chapters nine to eleven in this book are most helpful for trading. The first ninety odd pages of the book is filled with information about the psyche of trading which is based primarily on the principles of Zen and Tao. The rest of the book deals with Metastock which is supposed to be accompanied by the system of trading.
This made me appreciate the first half because it gave me something to think about. The downside of this is that I really doubt that westerners will be able to follow what is said about the two and whether they will be able to apply it or not.
My advice is that in case you have no entry to the facilities of Metastock or omega tradestation then you should not read this book. The fact being that the book has absolutely nothing to do with chaos and only talks about trading.
This book completes the trading methods explained by Bill. This book completes the missing picture. Also this book explains the ways to explore trading in counter trend.
The money spent on this book is immediately worth it just for this one concept. School of Pipsology ». Trading Chaos by Bill Williams 1st June , pm. List other books by Bill Williams.
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Remember me on this computer. Enter the email address you signed up with and we'll email you a reset link. Need an account? Click here to sign up. Download Free DOC. Download Free PDF. A short summary of this paper. I was convinced by the reading I tried the system for a while Adding: After the first fractal is taken, we take any and every signal in that direction.
Adding Entry Signals: AO: 1. Go long after two consecutive bars above zero line 2. Go long after three consecutive bars below zero line - for short - reverse scenario Here under I'll try to summarize them in brief Once on the market one opens a new order is same direction when any of the other signals is triggered.
Some of them issue more than one signal. If more than one signal is triggered simultaneously - corresponding number of orders are opened. I personaly am taking each of the signal until my money management rules allow this. I've tried to comment the charts attached in previous posts, pointing where signals are and where stops are. If you have any questions please let me know - I'll do my best to answer them.
There is slight alterations of the system in his next book "Trading Chaos" 2nd edition Hello I've re-read the last book about Chaos by BW and decided to add the rule about "Reverse bar". It is quite simple one and if succed could final with a good profit, if not, the loss will be reduced I hope So here are the rules: Bearish Reversal Bar - sell orders 1.
Bar with higher high that closes in the botom half - that should mean that bulls have been stronger at the beginning but next bears have superiority at bar closing. Prices must be far away from the lines and must have obvious angle increase opening between MA lines and line drawn on the lows.
Reverse for buy use highs not lows! Why this is added? Which me good luck. It is useful because it shows you at a glance whether MAs are opening, closing or intertwining. Trade after it becomes green. Must exit if last compleated bar closes below red line - somewhere about 1. After the 6th consecutive red AO bar I should place the stopLoss above the last-1 bar's high and move it accordingly. I've missed first three entry points Hope this will be for good All Stop orders triggered.
StopLoss moved below the new down fractal. You could see begining of the trade in post 16 and post 17 The picture does not seems quite promising.
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