New Trading Dimensions by Bill Williams

New Trading Dimensions is another book by the financial trading genius Bill Williams. Bringing the chaos theory into the trading is one of the most notable Bill’s ideas that have brought him success and allowed him to share his knowledge and techniques to make other financial traders succeed through these innovative and natural trading methods. This book explores the psychological abilities of every man and woman that allow succeeding in trading the currencies or in any other market, if the proper techniques are used. The non-linear methods proposed by Bill Williams offer a new approach to the technical analysis, which usually relies only on the straightforward liner and static analytical math. The good thing is that you don’t have to be a mathematical guru to understand everything presented in this book. All you have to do is to read it and apply the received knowledge in your actual trading.

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6 Review

  1. William:

    I found myself interested in Bill Williams trading system, having used Metatrader4 for currency pairs in the past. Bill’s MT4 technical analyses have his AO, Alligator, AC, etc…in their default setting. I checked this book out tried to do what it said but quickly found that it’s hard to make money in corrective and flat triangle waves. It’s imperative to have knowledge of Elliott’s Wave Principles, to keep your eyes on things, if you want to keep your money. This system can make some money if a trend can get started. It will be a small profit…that is unless there is missing return in triple three or flat double.

  2. Rah:

    Having read three books by Bill Williams, I say that this is his absolute best work.

    I may not agree with everything he presents in the way of trading tools, but like anything new you learn; you use them to your own ends. Don’t mistake, though, what he thinks is very important and his ideas are cohesive and written well in this book.

    It may only be my thoughts, but I don’t think you can just push aside the various aspects of technical analysis. Putting together some important technical rules alongside non-linear trading strategies can produce great returns as long as you utilize them in the proper manner. After reading many books on linear mechanical trading models, I found they don’t normally discuss thoughts that make them seem to be as flexible to change as a trader out to be in a constantly changing market.

    If you glean the real meaning behind the book, you’ll understand that it’s about being non-linear and always being ready to change alongside the market, as flexible as it is.

  3. J. Karlsson:

    What make this text profitable is not its trading systems. If I find myself rereading the book, I usually skip over that entire part. To tell the truth, in the other book “Trading Chaos Second Edition” he says that the system doesn’t perform so well in modern market environments and comes up with something he terms a “divergent bar”, something of a counter-trend signal as a definite refinement. Without such, the readers of the book may find themselves in a market that is a bit too far ahead of them, and them a bit too late to make any revenue.

    I should have sold this book with the rest of them, but I kept my hands on it for its psychological value, and the very progressive ways physics is tied in with viable trading. This book will actually make you think, it is insightful in it’s own way, a bit ephemeral… and can even be a bit helpful.

  4. Vasiliy:

    Yes, this book is not good; it is indeed horrible. It’s simple, and that’s that…if I were going to write something in a similar style, I would have to say,

    “I tried my theory out, but I realized after the test that it was wrong for these modern times.”

    The author says he made no mistake, and states that he tested his theory on super computers to make sure that they would work in the real world. He even claims to have tested them on super mainframes as well at the same time…even though the mainframe didn’t exist when he claimed to have tested his theory on it. Such expensive machinery just wasn’t bought buy individuals at that time. Strangely enough, the personal computers we use today are far more powerful than the super computers of that time, which costs millions of dollars then. But why would the writer state that he his theory worked on those old computers…but not let you test it on your personal computer, which is definitely better than the one he tested the theory on? Maybe he’s just trying to impress us with his boasts.

    He may not be on the edge of the technology market, but he might know a bit about chaos theory as it applies to trading. Ah, no…apparently not on that point as well. Using a variation of MACD and moving averages as the basis of his trading method. These moving averages are turned into the MACD and Alligator into some fresh sign. You’d ask how innovative it is. Using variants with high point definition and alongside a chaos name of some fractal. And that will fool most of us, of course.

    If you know anything about moving averages or MACD, there’s no reason to buy this book, it’d be a waste of good money.

  5. T. Hurst:

    You can easily see who makes money and who doesn’t when you look at the reviews of trading books.

    Bill’s text speaks loads about fractals and chaos theory and such, but it’s all about getting into a trend. Looking at it from this way, then this is a really good book. Something that has been working for me lately is combining the systems of Bill, Hurst, and Gann.

    If you want the end all, be all of chaos theory in trading, then this is definitely not the book you’re looking for. But if you want something with ideas you can build your own foundation from, then this just might be the one for you.

  6. Ram Sharma:

    A good practical book.

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