Customer Reviews

New Trading Dimensions: How to Profit from Chaos in Stocks, Bonds, and Commodities (A Marketplace Book)

5 star:		(22)
4 star:		(4)
3 star:		(1)
2 star:		(4)
1 star:		(7)

 

 

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.

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!

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.

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.

This is the second of Bill's books and only further refines his trading methods. I've read both books, taken the home study course, and also done a private tutorial with Bill....the net result is that not only has my trading improved, but also my whole outlook on life. Bill spends alot of time on the psychological aspect of trading, being in focus, etc. and demonstrates that we (ourselves) are the biggest problem in trading for profit. I've seen some of the previous reviews on his books where people trash his "downhome" style prose, but I have to come to the conclusion that they have not truly looked into the real content of his methods. In other words, if you're just looking for the "Magic indicator" or the current "Quick buck" scam, then there are hundreds of other books or courses you can purchase. But, if you want to spend some worthwhile study time.....this is the best system that I've come across in my 20+ years of floor trading! (...and trading has truly become FUN for me because of Bill Williams).

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.

Because you have to test what works for you! If you love the markets,love to trade,and truly want to succeed at this,I feel that you must see it from every prospective. Sure many books repeat what I allready know, but how would I know that without reading them! Besides,I never found a book that did'nt have some tip in it worthy of my bag of tricks notebook.When I finished his first book, I could'nt wait to trade it! Soon thought, l realized how much more was needed to trade the fractal. But the good thing about it was that reading many other books in between this one showed me that what he's teaching is another simpler, clearer, more precise trade without the "discretionary stops, anxiety fills. Test it,with a negative bias,it works! See ya later alligator!

if you follow the alligator, and eat when it eats, sleep when it sleeps, you'll very rarely go hungry. take the advise literally, and go with the trend.. but don't get greedy. true, there'll be one or two false break-outs, but i found that looking for the fractal buy or sell when the alligator awoke, put me in the winning mode far more times than not. i was unable to try the other indicators, but was very happy with the alligator.

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.

As an avid student of Chaos Theory and Fractals, I found this book to be similar to his other one. Williams eludes to using fractals in his analysis but makes no reference to fractal dimensions, Koch curves, monsters or any of the original theories as proposed by Mandelbrot. He does present some scaling principles and their application to Elliot Waves, but this is under the assumption that the Elliot Wave is correct or that you believe in it. I do agree with some of the money flow theories Williams proposes, which is probably the most clearly explained and substantiated part of his trading theory. For a more scientific approach to fractal analysis, I recommend "Fractals and Scaling in Finance" by Mandelbrot and for software, "Fractal Finance" by Tetrahex. Both of these follow a similar system, although Fractal Finance does use a MACD which appears similar to Williams.