chaos fractals trading

kkeskar92 · #1 30th November 2006, 10:37 PM

Hi,
I have recently read Bill Williams book and tryin to figure out how to use the various indicators such as aliigator indiacator, gator indicator, accelerator and oscillator.Has anybody used these indicators and how successful is it?Ur responses will be appreciated.----KK

oxusmorouz · #2 1st December 2006, 12:18 PM

The word "successful" is highly subjective. It depends upon the user.
If it wasn't used successfully by someone, it wouldn't be present in the book.
You could use them as an additional tool, especially Fractals. No harm in it!

CreditViolet · #3 1st December 2006, 05:30 PM

Quote:

Originally Posted by kkeskar92

Hi,
I have recently read Bill Williams book and tryin to figure out how to use the various indicators such as aliigator indiacator, gator indicator, accelerator and oscillator.Has anybody used these indicators and how successful is it?Ur responses will be appreciated.----KK

Hello KK

First of all, Bill Williams's books have nothing to do with Chaos Theory.For a proper introduction into using Chaos Theory in Markets I would suggest Mandelbrot's Misbehavior of Markets.

Mr.Williams is just another vendor satisfying the gullibility of newbie traders that plugging in Modified MACDs and MAs will somehow make them tonnes of money or atleast a few K.Gs of it.Remember the old California gold rush? The only people who made money were the ones selling spades and maps.

Just picture this.In an Operating Theatre in a hospital, Doctors yelling at one another."Hey, I just saw the 10 period MA of heart beat cross the 21 period MA, lets give him shock therapy" or "The MACD of his Blood Pressure is looking bearish, lemme give him a dose of insulin".

I remember meeting a 'Chaos Trader' a year back, his mentor was Sukhani or so he said.He was adamant about the Gators and Alligators and would describe the Slope of his Trading System Equity Curve as if the cheque was already handed to him.Nowadays he is back into IT, coding projects more of a different variety.

Just my 2 cents

CV

kkeskar92 · #4 1st December 2006, 07:25 PM

Thanks for your replies.----KK

CreditViolet · #5 8th December 2006, 06:33 PM

Quote:

Originally Posted by kkeskar92

Thanks for your replies.----KK

You are most welcome Mr. KK

And b/w if you are gonna try fractal trading please try it in Nifty Futures

CV

rjpatil · #6 8th December 2006, 06:37 PM

Hi CV,
Your analysis of Bill William's book is quite correct. He uses the word chaos only to attract readers. It is nothing much about fractal formation.

CreditViolet · #7 8th December 2006, 06:47 PM

Quote:

Originally Posted by rjpatil

Hi CV,
Your analysis of Bill William's book is quite correct. He uses the word chaos only to attract readers. It is nothing much about fractal formation.

Yes RJ, but fortunately for the vendors misinformation is what sells.But hey, I am not complaining.If the competition got any smarter, it will only effect my bottomline

CV

jatayoo · #8 10th December 2006, 12:41 PM

Quote:

Originally Posted by CreditViolet

Hello KK

First of all, Bill Williams's books have nothing to do with Chaos Theory.For a proper introduction into using Chaos Theory in Markets I would suggest Mandelbrot's Misbehavior of Markets.

Mr.Williams is just another vendor satisfying the gullibility of newbie traders that plugging in Modified MACDs and MAs will somehow make them tonnes of money or atleast a few K.Gs of it.Remember the old California gold rush? The only people who made money were the ones selling spades and maps.

Just picture this.In an Operating Theatre in a hospital, Doctors yelling at one another."Hey, I just saw the 10 period MA of heart beat cross the 21 period MA, lets give him shock therapy" or "The MACD of his Blood Pressure is looking bearish, lemme give him a dose of insulin".

I remember meeting a 'Chaos Trader' a year back, his mentor was Sukhani or so he said.He was adamant about the Gators and Alligators and would describe the Slope of his Trading System Equity Curve as if the cheque was already handed to him.Nowadays he is back into IT, coding projects more of a different variety.

Just my 2 cents

CV

Great reply CV.
The best indicator is experience and common sense.I have been in the markets since the time when there were no indicators,no internet,no CNBC blasting you with a running commentary,and hardly any Analyst.No problems......made good money all along and not a single loss.Just applied Gann,Benjamin graham, and Warren Buffet consistently.Full STOP.
Just as a great buisness is built on the FORESIGHT of it's management,similarly great investments are made with the same indicator.

NAVEEVIa · #9 10th June 2007, 02:48 PM

For anyone interested in fractals
http://classes.yale.edu/fractals/welcome.html

beginner_av · #10 11th June 2007, 04:57 PM

Quote:

Originally Posted by CreditViolet

Hello KK

First of all, Bill Williams's books have nothing to do with Chaos Theory.For a proper introduction into using Chaos Theory in Markets I would suggest Mandelbrot's Misbehavior of Markets.

Mr.Williams is just another vendor satisfying the gullibility of newbie traders that plugging in Modified MACDs and MAs will somehow make them tonnes of money or atleast a few K.Gs of it.Remember the old California gold rush? The only people who made money were the ones selling spades and maps.

Just picture this.In an Operating Theatre in a hospital, Doctors yelling at one another."Hey, I just saw the 10 period MA of heart beat cross the 21 period MA, lets give him shock therapy" or "The MACD of his Blood Pressure is looking bearish, lemme give him a dose of insulin".

I remember meeting a 'Chaos Trader' a year back, his mentor was Sukhani or so he said.He was adamant about the Gators and Alligators and would describe the Slope of his Trading System Equity Curve as if the cheque was already handed to him.Nowadays he is back into IT, coding projects more of a different variety.

Just my 2 cents

CV

very true. and CV has used it extensively too. so its not just his opinion but his experience too. and i know sukhani is a big proponent of this. he uses this a lot in his newsletter and stresses on this with the data that he provides.
for books, also read edgar peters.

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