Frankly Pierre...
For my own two cents, although non-linear dynamics is not a new idea, I personally consider chaos theory, in the form of fractals applied to predict short term markets, as nothing more than a mystical science at best at this stage. No doubt brilliant researchers will continue their quest of such theories and methods in hopes of some day being able to accurately
predict stock prices and the like but come on.. how do you feel they do so far with predicting the weather after all this time, eh? Not too well if you ask me. I can still just stick my head outside, look up into the sky and do a better job than my high tech weatherman most days, even with all his access to doppler radars, research from chaologists, etc.
While I am too old and seen too much in Life to consider anything impossible any more, let me just suggest to you that even if they somehow achieved accurate predictability somehow through application of chaos theory, the markets as we presently understand them, at least as played by speculators, would cease to exist. Once proven accurate predictability exists, all the rules will have to be changed to eliminate the advantage of the predictors.
If you want to just take up the science as a hobby and you happen to be brainy enough to be a Mensa member or something, then go right ahead and knock yourself out. Otherwise, if you are truly interested in trading spend your time learning about price action and move up to a large enough time interval on your charts to feel as comfortable trading as you feel necessary.
Happy Trading
