» Trading Chaos: Maximize Profits with Proven Technical Techniques (A Marketplace Book)

Trading Chaos: Maximize Profits with Proven Technical Techniques (A Marketplace Book) Reviews

Customer Rating:
Summary: Bill Williams Is A Great Teacher
Comment: Williams has been educating traders for many years, and is an effective teacher. His approach of "want what the market wants" and "follow the path of least resistance", are simple but essential lessons. You will learn about these lessons and more in this terrific book, and if you are open minded enough you will be able to benefit from his deeper understanding of how markets and traders behave.

Some of Williams' ideas are "out of the box" for traditional practitioners: he recommends meditation tapes to his students, tapping into a holistic method, and thinking in terms of a more global and universal energy that affects the markets and each trader's mind via their thoughts.

If you like Williams' approach, you may also find Bennett McDowell's system useful. He was a student of Williams' way back when, and has since gone on to become one of the newer educators in the field. McDowell's book, "The ART of Trading" The ART of Trading: Combining the Science of Technical Analysis with the Art of Reality-Based Trading (Wiley Trading) has the same energy that Williams work does, plus it offers money management techniques that complete the success picture.

Williams doesn't lecture at the trade shows anymore, but his teachings can be effectively mastered by reading his books and visiting his website. Recommended reading.

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Customer Rating:
Summary: Contradicts his own theory
Comment: When I first started reading this book I thought it was going to be great. He really sounds good talking about Zen and Chaos theory and non-linear vs linear - and I think he is right that the markets behave under these concepts. However, he doesn't really tell us how to apply any of this to trading. Read this book and then look at a chart. Can you trade better now knowing that you should be using a non-linear, chaos approach? No! Why? Because he doesn't tell us how to apply that theory to trading. He tells us to be one with the market and flow with it etc. That's fine and dandy - but how do we do that?

He tells us that ta and mechanical systems don't work, then he reveals the system he uses to trade by - a mechanical system!!! I was shocked to see that his system is just another dime a dozen 3 ma system. How is his system using non-linear chaos theory? How is his system flowing with the market and making you more "in tune" with the market? It's just another mechanical ta system!!!(kind of sad really)

This book started with great promise but ended up being a total disappointment.

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Customer Rating:
Summary: Unique Among Trading Titles
Comment: This is the finest trading-related book ever published; if you are just starting to learn about trading and investing, please pick up a copy of Trading Chaos before you spend another dime on newsletters, software or 'hot tips.'

It's not about trading a system, it's about trading your mind .......

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Customer Rating:
Summary: Bill and Justine did a great job
Comment: Bill and Justine are made me aware of what is driving the markets. Before I met them I was caught in a circle of winning and losing money in trading. The first edition opened my eyes, new trading dimensions got me out of the dream. The home study course showed me that It is possible to trade consistently, The personal workshop with Bill taught me more than enough of the inside of the markets to grasp the why and how. Eventually workshops by Justine in the middle of Chicago made me implement it all.

This new edition of Trading Chaos is refreshing. It's not about "the magic system", it's not about how to design the perfect system. No it's about real life and how the markets fit in. The perfection in the chaos, the perfect repetition of the small in to the bigger picture.

Don't buy this book if you want to know which market to trade and make money. Don't buy this book if you are looking for the magical tip.
Do buy the book if you want to learn what the market is driving and how you can profit.

Do buy this book if you are clueless (like I was) about your trading mistakes.
If you are serious go for the book, think of the implications and contact Bill and Justine to do a follow up. I did it 10 years ago and never had a moment of regret.

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Customer Rating:
Summary: Solid trading book
Comment: For large traders and institutional traders who need to move large volume and order flow, this book offers multiple entry and exit strategies and tactics. Out of necessity, these traders have to scale in and out of their positions to dampen the immediate effect of their trading on the markets. Even for private retail traders, this book conveys choice of logical set-ups to incorporate into their trading operations. Overall, I feel that this book deserves your attention.

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