New Trading Dimensions: How to Profit from Chaos in Stocks, Bonds, and Commodities

by Bill M. Williams

Book Overview

H?ndler und erfahrene Privatanleger kommen immer mehr zu dem Schlu , da die traditionellen Prognosemethoden der fundamentalen oder technischen Analyse offenbar zu widerspr?chlichen Ergebnissen kommen. Bei den fundamentalen Analysten geht der Markt eher schwach, bei den technischen Analysten geht er fester. Die Folge von solch gegens?tzlichen Signalen ist, da viele H?ndler und Anleger sich auf eine Kombination von wissenschaftlicher Theorie und Anlagepsychologie...

• Format: Hardcover
• Language: English
• ISBN: 0471295418
• ISBN13: 9780471295419
• Release Date: October 1998
• Publisher: Wiley
• Length: 288 Pages
• Weight: 1.30 lbs.
• Dimensions: 1.1" x 6.3" x 9.3"

Customer Reviews

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!

We Started A Newsletter Using The Strategies In This Book

What is unique about New Trading Dimensions is that Bill Williams teaches traders and investors how to maximize their profits by staying with and adding to winning positions. Of equal, if not greater importance, the book provides a series of sell signals so that you have guide lines for taking profits and cutting losses when appropriate. We liked New Trading Dimensions so much that we started a daily newsletter that uses many of the strategies in New Trading Dimensions. We tell our clients to buy the book and read it carefully. New Trading Dimensions teaches you how to trade stocks that are emerging from good bases (the "sleeping alligator." But it does not tell you how to find such stocks. We scan over 8000 stocks every day looking for stocks with apprpriate sleeping alligators. We then help our clients to identify fractal buy and fractal short signals and subsequent add and sell signals for the stocks on our list.Buy the book and feel free to contact us at info@appliedtrading.comPlease look at our website (www.appliedtrading.com)Applied Trading Group, LLC

Now I know why the books are written...

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 really want to learn about trading....and more

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).

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.