I was a success in finding out distinct operability criteria of the Williams's technique. To achieve this, I had to improve the Alligator, by virtue whereof I enabled my students to easily pinpoint the difference between the Williams No.1 option (a trend, encouraging profits) and No.2 option (a flat, inflictive of losses).
By the by, it is supportive of the chaos theory methodological correctness and of imperfect Williams's method structure, plotted on the basis thereof. Instead of acting upon the trader's consciousness Williams resorts to forbidden subconscious programming procedures, thus stimulating man's inherent and acquired instincts as if saying: "If You wanna get rich, follow me! My method empowers one to trade without a single glance at a price! The Awesome Oscillator constitutes a key from a Kingdom!" Etc., etc., etc...
Hence, only 1 of 20 Williams's followers exhibits forex-earning capabilities in a most favorable environment. Thus, under this statistics, B. Williams is better not to be idolized, the way he has been by the crowd of his admirers. On the other hand, other forex maestros' trading techniques are far worse than that of B. Williams. So, let's continue illustrating forex truisms being erroneous in live trading.
- The "Theory of Chaos" of B. Williams. The author has not advised what should be added up thereto. A separate chapter here is dedicated to the issue.
- Trader's psychological problems. I haven't found any revelations pertaining to THE WAYS OF ELIMINATING THESE PROBLEMS.
- The issue of a stop-loss order is certainly important: even under trend hedging is an indispensable protective shield against market surprise. But is the problem too far complicated to require a dozen pages' elucidation? Has the author beheld any secret? Wah! He hasn't noticed anything but he still has repeated all that wanders from book to book on forex.
Once I was stunned by a question put forward by one of my students after having read B. Williams's "Trading Chaos": what's the use of giving so much attention to the stop-loss problem and above all what's the good of chewing over the role of safety cushions in the automobile industry as though readers are down with minority?
Doubtlessly, it's funny reading that Williams has never violated traffic regulations, priding himself on the occasion. Any psychiatrist could tell a hell lot about such a personality type, although, I should admit that Williams is American, not Russian.
Drawing picturesque, memorizing examples, each scholar is right to insist on protective barrier placement as a loss killer. But there is hardly anyone to introduce certain novelty into the issue and to disclose the secret as to what there should be in the trader's store besides a stop-loss to insure against his deposit melting and extra losses. A separate chapter here is targeted at the issue.
Tuesday, May 4, 2010
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