New Trading Dimensions: How to Profit from Chaos in Stocks, Bonds, and Commodities (A Marketplace Book)
A powerful new way to navigate today’s unprecedented market conditions
“Bill Williams’ pioneering application of chaos theory to the financial markets is leading technical analysis into the twenty-first century and beyond. New Trading Dimensions presents a complete, highly original, and intriguing trading method with clear, detailed illustrations, and challenging practice pages. Bill’s wisdom, technical expertise, and skillful teaching style make this a revolutionary must-have new book fo
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New Trading Dimension,
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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|Outstanding Methodology,
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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|Total Con Job,
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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