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Trading Chaos: Maximize Profits with Proven Technical Techniques (A Marketplace Book) | 
 enlarge | Author: Marketplace Books
Publisher: Wiley
Category: Book
List Price: $69.95
Buy New: $36.70
You Save: $33.25 (48%)
New (12) Used (5) from $36.70
Rating:  20 reviews
Sales Rank: 166982
Media: Hardcover
Edition: 2
Pages: 256
Number Of Items: 1
Shipping Weight (lbs): 1
Dimensions (in): 9.1 x 6.1 x 1.2
ISBN: 0471463086
Dewey Decimal Number: 332.645
EAN: 9780471463085
Publication Date: February 2004
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
Condition: Brand New, Perfect Condition, Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.
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Product 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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| Customer Reviews: Read 15 more reviews...
 Mind blowing April 15, 2006
Andrew P. Kasch (California USA)
15 out of 17 found this review helpful
The actual trading methodology is not really of interest to me. As a matter of fact, it's ironic that in the first half of the book statements such as "there is no magic system" and "all mechanical systems will fail" are made, then in the second half of the book a rather mechanical trading system that is referred to as "automagic" is described.
I suppose for a beginning trader looking for some kind of method to employ it's not a bad one to pursue. Allow me to suggest that the second half of the book should be given perhaps 10% of your consideration while the first half should be given 90%.
The first half of the book is revolutionary, and makes it a classic. It should be removed and marketed separately. In fact, I like your chances of success better if you only read the first half and then develop your own trading method based on what you notice happening in the market. Concentrate on developing a winning mindset and getting in tune with the market you trade. The first half of this book should be kept and reread regularly.
[...]
Bill Williams is the REAL DEAL December 18, 2006
Q. Doughty (Soquel, CA)
10 out of 12 found this review helpful
I am a BIG believer in Bill Williams and his body of work.
I have personally met with Bill, taken his home study course and even attended a private tutorial. Bill is the real deal. He is a *highly* profitable trader and Bill trades EXACTLY like he describes in his books (simplified over time, so Trading Chaos, 2nd Ed. is the LATEST and most refined method).
If you just want to trade with no other background information, Buy Trading Chaos, 2nd Edition (not this book) and start with chapter seven. When you get to the end of the book, you'll say, "That's it?!?! Than can't be it!" That's what I said. I then went on to take his home study course (13 weeks) and then went to a private tutorial. 95% of the methodology is IN THE BOOK! The more advanced stuff is for those who are scaling into positions and want more aggressive money management techniques.
Who am I to say this works? I started trading Bill's techniques from scratch. In LESS than 6 months I was up 95% in a medium sized account. I found some like-minded investors and we started our own Hedge Fund (more specifically, a commodity pool). I called Bill personally and he spoke with me at length about how I should flow into and out of my positions, etc. He went far above and beyond the call of duty. I cannot speak to how well my Pool is doing (not legal to disclose - considered solicitation of investors), so I cannot give figures of returns for the Pool.
Buy Trading Chaos 2nd Edition and then buy "New Trading Dim mentions" (his second book) and read chapters 9 - 11. Those chapters will give you more ideas of the SCOPE of just what is possible when you simplify your trading and align it with natural market tendencies (chaos principles).
Good luck and Good Trading!
-- Q
Inspired lateral thinking. March 4, 2006
Graham Bollard
1 out of 3 found this review helpful
I've read all three books by Bill Williams and they all have a very unique point-of-view regarding trading. I feel that his techniques are more relevant to stocks/equities than other markets (forex/futures), however, this does not dampen my enthusiasm for his ideas and writings.
His description of the psychological journey from novice to expert and trading psychology in general are entirely original.
Regardless of whether you actually adopt his techniques they will no doubt inspire you to improve on or create your own.
They are some of my favourite trading books in my library.
Must read for every trader. March 1, 2006
J. Noy (New York, NY)
2 out of 3 found this review helpful
An exciting explanation why old trading theories is now old. Explains that linear studies are basically just wrong 4 out of 5 times and why. Shows how nature is not as simple as we think, but uses mathmatics far more complicated than Einstein thoery of relativity. Puts old scientific mathematics to rest. And shows how those chaos theories apply in the markets as well, which is why the markets are so difficult to predict. Explains how our brain causes us to lose. Has new studies that are quite usefull in the intraday markets.
More Chaos = More Information January 31, 2006
Brian Davis (Denver, CO, USA)
3 out of 7 found this review helpful
Once again Bill Williams and now his daugther, Justine, too, have contributed another advance in the field of trading stocks and futures. Dr. Williams' insights and advanced chaos theory techniques move traders to work in sync with the changing nature of the markets. Going with the flow and surfing the waves of the markets is now easier than ever. It's interesting to note that in this new book, the chaos-derived indicators (alligator, AO, and fractals) are not changed, but the way to interpret their information is adapted to take advantage of the choppier 21st century markets, compared to the go-go '90's markets. This new interpretation seeks to capture profits from short-term swings in the market, entering the market much closer to the turning points of each wave (fractals) and aggressively scooping up profits before the short-term swing runs its course. This method also reduces risk to the span of a single bar. Also included with even more emphasis than in previous books, are methods to adapt the mind of the trader to the ebbs and flows of the market, rather than the emotional fear-based reactions that most of us are prone to in our trading. I've had the privlege of attending one of Profitunity's intimate trading workshops (with 4-8 others) and witnessing Bill's trading first-hand. It was immediately obvious to me that here was a genius at work. I highly recommend this book to any trader who wants to "make winning the path of least resistance." My only criticisms are that this book should have a different title, since it is not a new edition of the first "Trading Chaos" book, and would not replace that seminal work. The new book has entirely different info and deserves its own place in the series. Perhaps "Trading Chaos in the 21st Century" or something like that. I would also like to see more guidance on how to integrate the techniques from the first two volumes with the new approach taken in this book. Clearly they are all compatible, yet forging an integrated system will take some effort on my part. Then again, maybe that's for the best. I know that if I didn't contribute to my own trading system in some way by adding to what Bill has pioneered, then I would feel incomplete. I suspect that many other traders would feel the same way.
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