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Summary: New Email Address on my current review of William's Book
Review: My name is Bennett McDowell and I have already given this book a review but I have a new email address and would like for you to please change my old email address of"BAMCO@msn.com" to my new email "Traderscoach@cs.com" Thank you.
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Summary: Old ideas disguised as mumbo jumbo about fractals and chaos
Review: Not a bad book, but unpleasant due to obvious flaws. Constant reference in the charts to red and blue lines, but charts are black and white. The writer seems to have dumped his old course materials into a book format. Old ideas are recycled with new names: balance lines, awsome occilators, and fractals are just moving averages, MACD, and chart breakouts in disguise. The trading system employs numerous signals and pyramiding that leads to huge positions and exposure. But there is no discussion of the risks or evaluation versus alternate, simpler schemes.
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Summary: Can Not Recommend
Review: Nothing more than an infomercial for his business - selling software to support the methods. The "fractal" method that he presents appears to be backwards i.e. sell an up market, buy a down market. Also he discusses his trend lines by color and all of the plates are in grey scale. You can figure it out but it does take away from the desired effect.
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Summary: Can Not Recommend
Review: Nothing more than an infomercial for his business - selling software to support the methods. The "fractal" method that he presents appears to be backwards i.e. sell an up market, buy a down market. Also he discusses his trend lines by color and all of the plates are in grey scale. You can figure it out but it does take away from the desired effect.
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Summary: I have learned more from this one book any $5000 seminars.
Review: Simply the best book ever written. The ideas are a bit unorthodox but they are simple, they make sense and they simply work! I have been using the strategies in the book along with the Investor's Dream software and my trading has become more profitable than ever before. I highly recommend this book.
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Summary: The clearest expression of how trading works with indicators
Review: Some authors have the gift of clarity describing complex subjects. This author has the experience in trading both equities and futures markets. He takes a complex subject that entertains Chaos theory and describes indicators which may guide your success trading all markets. As evidence of his writing clarity, I was able to write indicators using Omega Research Easy Language for all the market indicators he suggested. The indicators he named, Fractal, Zone, Momentum, Acceleration and Balance Line trades are now visual on my screen as a result of the clarity of his writing. Buy the book if you have an interest in trading with confidence. I recommend it.
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Summary: New Trading Dimension
Review: The 1st 2 chapters are somewhat of ramble where the author describes the "metaphysics" of trading. Still some good ideas are offered. The book references chaos theory, and leaves it up to the reader to believe whether "supercomputers" were used in formulating the various trading methods (the author wants to come across as an applied mathemetician, but he sure looks like a stock trader to me). There isn't any obvious connection with Chaos Theory - but let's be honest: what would we really do with it if it was there?I give the book 5 stars, and I'd give it 10 if they were available. The reason is that despite the weak link between the title and content, the trading methodologies do work. Both in backtestng and in 2 months real time, I've found the author's systems to be a perfect filter and trigger for a short term trading system. He states a goal of 10%/month, but when these filters & axioms are correctly combined with a good momentum system, much more is a probable result. There's better written & more informative books out there for less money, but this author does have the "Holy Grail" of stock trading. A set of filters, axioms, and methods which are the "missing link" for any trading system which is based upon conventional indicators.
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Summary: Outstanding Methodology
Review: The book walks you step by step on how and what to look for when using Dr. Williams methodology. He reveals all his indicators in the book, so if you can't afford his software/course, you can simply add it to your favorite charting software! After reading some reviews here, I have found two extremes in regards to both his books. Not enough theory of chaos or "just a simple little trend following system". If you're looking for the scientfic version of trading chaos, don't get this book. If you felt you've read your share of "trend methodology", skip it. But if you are interested in implementing a robust trading system, and one that works, get this book now! Few of the reviewers seem tied up in semantics on whether it is or it isn't a "trend trading system" or "not really chaos theory". None however mention anything remotely about making money trading futures! Do yourself a favor and forget those reviews(unless you happen to fall into the two categories mentioned)and buy the book!
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Summary: Total Con Job
Review: The fact that Wiley would publish this book and allow the auther to abuse the word chaos in the title is an affront to the intelligence of traders and aspiring traders everywhere. The only thing that this book has to do with Chaos is the author's rambling style. As for the content, there is the basice con artist structure: Chapter 1: Pep Rally -- It's so easy to get rich Chapter 2: Let Me Try to Talk Above Your Head So You Think I'm Really Smart Chapter 3: I Realize That You're Too Stupid and Lazy to Understand My Compex Theories, That's OK, Just Order My Software. Chapter 4-->10 A bunch of lagged moving averages, oscillators and simple breakout rules each with a special curve-fitted example to awe you. So What? What's pitifull is that this guy's attempt at a basic explanation of Chaos Theory serves nothing but to expose his shallow understanding of the subject. Wiley should be ashamed. For a good book related to Chaos Theory that is approachable try How Nature Works by Peter Bak. Though not specifically applicable to trading, this book has some great new ideas on the patterns we see across all areas of nature.
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Summary: Don't waste your time and money on this
Review: The trading approach Bill Williams describes in his Book has nothing to do with chaos theory. The whole trading system which he describes in his book is nothing than an ordinary trend following system with the typical drawbacks of trend following systems. It can make money in strong trends but it looses the money again in untrending markets. Or it looses the money first and you can win it back in the next trend if you are not broke by then, depending on which market comes first. Since the author seems to have a good reputation in the trading community I took the time to programm his system on a Trade Station and testet it with historical data. Most of the time it looses money and the few wins do not compensate the losses. It is really not worth the effort. Bill Williams just uses the hype words chaos and fraktal to sell his material. Do not waste your time and money for the book or even worse his discourse or software.
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