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Trading Chaos Maximize Profits with Proven Technical Techniques (A Marketplace Book)
ISBN: 0471463086     Date Published: 2004-02     Author(s): Justine Gregory-Williams, Bill M. Williams
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Hardcover
John Wiley & Sons, Publishers
228 Pages
 
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Editorial Review - Book Description:
How to trade the markets by integrating Chaos Theory with market sentiment
In the first edition of Trading Chaos, seasoned trader and psychologist Bill Williams detailed the potential of Chaos Theory-which seeks to make the unpredictable understandable-in trading and it revolutionized financial decision-making. The Second Edition of Trading Chaos is a cutting edge book that combines trading psychology and Chaos Theory and its particular effect on the markets. By examining both of these facets in relation to the current market, readers will have the best of all possible worlds when trading.
Bill Williams, PhD, CTA (Solana Beach, CA), is President of Profitunity.com, a leader in the field of education for traders and investors. Justine Gregory-Williams (Solana Beach, CA) is President of the Profitunity Trading Group and a full-time trader.

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How to trade the markets by integrating Chaos Theory with market sentiment
In the first edition of Trading Chaos, seasoned trader and psychologist Bill Williams detailed the potential of Chaos Theory-which seeks to make the unpredictable understandable-in trading and it revolutionized financial decision-making. The Second Edition of Trading Chaos is a cutting edge book that combines trading psychology and Chaos Theory and its particular effect on the markets. By examining both of these facets in relation to the current market, readers will have the best of all possible worlds when trading.
Bill Williams, PhD, CTA (Solana Beach, CA), is President of Profitunity.com, a leader in the field of education for traders and investors. Justine Gregory-Williams (Solana Beach, CA) is President of the Profitunity Trading Group and a full-time trader.
 
Customer Review:
Total Reviews: (26)
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(3) Shared
 
29 of 30 People found the following review helpful.

Trading Books, August 28, 2006 Bykiwi_trader (South Pacific) - See all my reviews This review is from: Trading Chaos: Maximize Profits with Proven Technical Techniques (A Marketplace Book) (Hardcover) As an experienced trader who has bought thousands of dollars of trading books from Amazon I found this one less than impressive. This is not about Chaos. This is not about trading Chaos. One of the other reviewers says "It's interesting to note that in this new book, the chaos-derived indicators (alligator, AO, and fractals) are not changed." Given that these sexily renamed indicators are just moving averages and macds with tweaked parameters then its not really surprising. For a real book by a real trader try "Trading Day by Day" by Chick Goslin. For ideas about how to trade try "The Ultimate Trading Guide" by John Hill of Futures Truth. For psychology try one of Mark Douglas's books or Brett Steinbargers book. Good luck in a tough industry :)
 
43 of 49 People found the following review helpful.

Readable, but far from compleat, February 20, 2005 ByServantofGod - See all my reviews This review is from: Trading Chaos: Maximize Profits with Proven Technical Techniques (A Marketplace Book) (Hardcover) This book is not about chaos theory, nor trading chaos, but a trading book with the first 95 pages about trading psychology, primarily Zen and Tao based, and the rest 133 pages of a trading system that comes with "Metastock". As a trading book fan and a Chinese who know Zen and Tao well, I do like the first part of it as food for thought, and definitely not as reading material to sharpen my trading edge. I doubt whether the very vague Zen or Tao approach taken by the author can be well understood and practised by western traders. Furthermore, I agree with a previous reviewer that the "trade with the trend/flow" concept preached by the author contradict a little bit with his own quasi-countertrend system presented in the second part. So, I suggest those who dont have access to Metastock nor Omega Tradestation facilities should give it a pass. It's definitely not a smart way of investing if one puts money on something that does you little good.
 
48 of 57 People found the following review helpful.

Waste of money, August 28, 2004 ByS. McCarron - See all my reviews This review is from: Trading Chaos: Maximize Profits with Proven Technical Techniques (A Marketplace Book) (Hardcover) Having read both of Williams' books, I was eager to get my hands on this one. Two words for you: Don't bother. It's a complete waste of $70.00. The book contains only about 60 pages talking about the technical aspect of this strategy (most of which has been regurgitated) from his other two books), and the remainder of the book is dedicated to psychology, meditation and relaxation techniques. Now I know why. If you attempt this strategy, you're going to need them! The strategy consists of a countertrend technique, in which it attempts to pick the bottom to get long, or the top to get short via proper 'angulation' away from the alligator using a 'bullish/bearish divertion' bar. There are a couple of problems with this. 1.) Proper angulation is way too subjective and interpretive. 2.) There can be more than one divertion bar along the way that is hit to signal an entry, or no divertion bar at all. 3.) This setup rarely shows up; I've scanned about 500 daily charts. Sure,...
 
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