dear buddies,
those who love candle sticks and want a power technique for trend trading, i strongly suggest studying
CHAOS THEORY by Bill Williams
he uses a combination of 5 consecutive candles to find "fractals" which, if broken or crossed, may indicate the start of a trend
subject to the position of price and fractals wrt "jaws" "teeth" and "lips" of what he calls "alligator" setting of sma 13,8,5.
it seems complicated but, believe me, is easy if u r determined to learn it.
use it in conjunction with what u already know and see the magic!
i am giving below a few links of the same.
you can also check youtube forexplanation of the same in bills' own voice in his recorded lectures.
http://codebase.mql4.com/4488
http://www.alpari.co.uk/en/market-analysis-guide/chaos-theory/alligator-and-gator.html
http://mises.org/books/chaostheory.pdf
for trades and nifty levels on the basis of this "chaos theory", pl let me know.
Js (09418037474)
(niftyshots.blogspot)
those who love candle sticks and want a power technique for trend trading, i strongly suggest studying
CHAOS THEORY by Bill Williams
he uses a combination of 5 consecutive candles to find "fractals" which, if broken or crossed, may indicate the start of a trend
subject to the position of price and fractals wrt "jaws" "teeth" and "lips" of what he calls "alligator" setting of sma 13,8,5.
it seems complicated but, believe me, is easy if u r determined to learn it.
use it in conjunction with what u already know and see the magic!
i am giving below a few links of the same.
you can also check youtube forexplanation of the same in bills' own voice in his recorded lectures.
http://codebase.mql4.com/4488
http://www.alpari.co.uk/en/market-analysis-guide/chaos-theory/alligator-and-gator.html
http://mises.org/books/chaostheory.pdf
for trades and nifty levels on the basis of this "chaos theory", pl let me know.
Js (09418037474)
(niftyshots.blogspot)
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