profitunity their indicators

[jesse_breaker]

I am trying to underst a system called profitunity. In particular there are 3 indicators that I am trying to figure out how to read they are :

5 bars
AC
AO

Does anyone know what these mean or how to read them in the context of this strategy?

[theposer]

Sorry if i'm being a moron where or what is profitunity??

Cheers

[jesse_breaker]

http://www.profitunity.com/

This is the website I found. I think I got the indicators the yahoo site for metatrader

[mart_hart]

Hi

The 5 bar indicator tells you there are 5 bars of the same colour B Williams says increase you stake at a 5 bar?

When the AO/AC are in sinc they will change the price bars green for long red for short or grey for not in sinc.

AC measures the speed of the market AO the momentum are used in that order. the DIRECTION of AC is more important than it's position relative to zero. With AO it's position relative to zero is the more important aspect.

Have a look through this thread at spread trade to win or some of the others on the site.spreadtrade2win.com/forum/viewtopic.php?t=287&postdays=0&postorder=asc&start=15

Bill Williams book New Trading Dimensions will give you a full explanation.

Martin

[jesse_breaker]

Thanks Mart_hart!

[sbenard]

Williams has written a 2nd edition to his original book Trading Chaos which was just released a few months ago. I have the book like it very much.

The 2nd edition is a complete rewrite NOT an update. In it Williams says that the other two previous books Trading Chaos 1st edition New Trading Dimensions are no longer valid due to market changes. He also says that the new methodologies in the 2nd edition are much more profitable. If you want to learn how to use the Bill Williams indicators it would be best to get the most recent book just published in the Spring of 2004. Get the 2nd edition!

The best price I found was at traderslibrary.com.

By the way the best trading book I've ever read was FREE given away by one of the world's greatest traders who has more than 3 decades of experience. It is called "Phantom's Gift". You can read it on the website of Futures Magazine. His Rules 1 2 3 will make you a millione.

Good luck. There are some great ideas in these books. Fractals using them to add on positions was worth 10X the price of the book. See Wise Man #3 in 2nd edition for details.

There was also some great material on the mind game. Say "hello" to Joe Gremlin for me!

[jesse_breaker]

Thanks sbenard for sharing!

[X.Oden]

Go here for Trading Chaos 2nd Edition in LIVE ACTION:

http://www.moneytec.com/forums/_showthread/_s-/_threadid-12317