Trading Chaos : Applying Expert Techniques to Maximize Your Profits

Author: Bill Williams, Marketplace Books
List Price: $59.95
Our Price: Click to see the latest and low price
ISBN: 0471119296
Publisher: John Wiley & Sons (23 June, 1995)
Sales Rank: 60,594
Average Customer Rating: 2.71 out of 5

Customer Reviews

Rating: 3 out of 5
Objective way to measure waves
After buying this book, I realize that I had to read over and over again. Dr. Williams are sound, just hard to grasp. Although his method for detecting waves in sequence is an objective way to measure them.

In order to understand his second(The New Trading Dimensions) book more clearly though, I believe you should read this one to grasp his overall objective. It also set a firm way to measure elliot waves in a totally objective manner.

As other reviewers stated, it is not real strong on chaos theory, which the title is misleading. If your purchasing this book for scientific reasons, then don't buy it. But if your objective is learning how to make money, then do yourself a favor and get it.

Although his method here(which is different than the 2nd book)is based more on the general overview of the markets, it is a good
starting point to learn his methodology, even though you may have to read 2 or 3 times(like I did).


Rating: 5 out of 5
Joke
The five stars is only for the cover. However, the content of the book is pathetic. I have read many trading books and several chaos books and I can honestly say this book is neither. I fell for the enlightened self-similar structure cover and wasted my money. Don't repeat my mistake.

If you are interested in chaos and trading, start with Edgar Peters books such as Chaos and the Capital Markets.

The publisher, Wiley, should be ashamed to put out this sort of drivel. Bill Williams is a joke. If you think your trading style is based on your body type, then maybe this book will help you feel better about losing; otherwise skip it and Bill Williams, PhD.'s other lobotomized treatises on trading.


Rating: 2 out of 5
Trader Development
This book really is mistitled. Chaos theory for markets is not presented, so look elsewhere for that. The book does present a good theory for the psychology of trading such as "traders differ on value but agree on price" as motivation and explains the development of traders from novice, intermediate, and advanced (skip master and expert level)and the goals for each level. Unfortunately, the methodology for trading with a Chaos background is not touched upon.

Good filler read for background on trading and personal development. Poor on methodology for trading with Chaos. Perhaps Mr. Williams had an epiphany and contends all trades are done in Chaos, so traders should relax. To borrow a line from another author, "some trades will, some trades won't, so what, next trade please."

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