Product Description
A powerful new way to navigate today’s unprecedented market conditions
“Bill Williams’ pioneering application of chaos theory to the financial markets is leading technical analysis into the twenty-first century and beyond. New Trading Dimensions presents a complete, highly original, and intriguing trading method with clear, detailed illustrations, and challenging practice pages. Bill’s wisdom, technical expertise, and skillful teaching style make this a revolutionary must-have new book for stock and commodity traders.” —Tom Bierovic, Product Manager for User Education, Omega Research, Inc.
“Bill hits the nail on the head. The essence of successful trading is a combination of knowing who you are and allowing the market to reveal its secrets. Bill Williams has the gift of explaining these concepts better than anyone I know. This is a compelling work that belongs in every trader’s library.” —George Angell, author, Profitable Day-Trading with Precision
“Bill Williams is one of the great educators of our time. He freely shares his knowledge and experience in this inexpensive book. This book is required reading for all market technicians. The principles are sound as we have tested them with our software.” —John Hill, President, Futures Truth, Co.
“Bill Williams has always been an excellent teacher, taking complex terms and concepts and translating them into a clear, commonsense approach to trading. This book provides a complete trading program that reflects Bill’s years of wisdom and experience in the marketplace.” —Darrell Jobman, Editorial Consultant and former Editor-in-Chief of Futures magazine
“Bill uses the hidden structure of chaos theory to skillfully guide the reader to the correct psychological profile for success in trading. Bill then goes on to provide a comprehensive structure, a trading paradigm, directly derived from his research and considerable trading experience. You will be challenged, interested, and have a mind-opening experience that’s even fun.” —Joe DiNapoli, author, Trading with DiNapoli Levels
As today’s market environment continues to change dramatically, more and more traders are discovering that traditional forecasting methods—pure technical analysis and fundamental analysis—just do not work. Sending out contradictory messages, these opposing schools of thought leave investors baffled about the future direction of the market, and consequently, at a loss as to how to tailor their trading systems. As a result, many practitioners have now turned to a new forecasting “cocktail” that combines traditional charting methodologies with chaos theory and human psychology. In this groundbreaking book, Bill Williams, a seasoned trader at the forefront of this dynamic new approach, explains exactly what it is, how it works in current stock and commodity markets, and how to use it to your advantage.
Based on human nature rather than the vagaries of the market, the new trading dimension works on the premise that we trade not the market, but our own belief system. By assessing what your personal biases are, you can determine how they influence your ultimate success—or failure—and then adjust your trading strategies accordingly.
Written by an expert in the field who has been featured in Futures, Worth, Success, and other prominent publications, New Trading Dimensions takes the latest in scientific knowledge about human behavior and applies it directly to the fields of stock and commodity investing and trading. With straightforward guidelines, it shows you how to adopt the right attitude toward the behavior of the market and use the right tools (ATTITOOLS) for profitable trading. Packed with practice exercises, specific applications to different types of investments, and a detailed review of important market signals, here’s where you’ll learn how to:
- Discover what the market wants and align your own beliefs with the direction of the market
- Apply chaos theory to trading and investing
- Use Williams’ “Market Alligator” for analyzing and profiting from the markets
- Employ a multidimensional trading program that includes such tools and techniques as fractals, oscillators, AC signals, psychological zones, and balance lines
- Exit trades in a timely fashion to reap high returns
Drawing on the author’s more than forty years of experience as both a successful trader and seasoned trainer, this invaluable guide offers a breakthrough method that has proven its ability to turn investors into consistent winners.
New Trading Dimensions: How to Profit from Chaos in Stocks, Bonds, and Commodities
7 Apr
11:04 am on April 7th, 2010
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.
Rating: 5 / 5
1:46 pm on April 7th, 2010
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.
Rating: 1 / 5
4:22 pm on April 7th, 2010
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!
Rating: 5 / 5
5:59 pm on April 7th, 2010
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).
Rating: 5 / 5
6:42 pm on April 7th, 2010
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.
Rating: 1 / 5
1:21 am on June 14th, 2010
I truly enjoyed this. It is very educational and useful. I will return to check on upcoming posts.
5:39 am on June 16th, 2010
this post is very usefull thx!