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We are all "inspired" by others, or in other words, stealing ideas from others.
It would be immensely arrogant to think we are coming up with new things all on
our own. What is even more arrogant is to say we created something unique on
our own. Nothing is unique, and nothing is our own, it is all the result of our
exposure to all others, the markets etc... In the end, our own performance is
the product of our more or less perfected digestion of these inputs... So Bill's
ideas are similar to other people's ideas, and mine are similar to all of these
together. It doesn't really matter except for those who put value on being
owners of ideas, but that is the best way to die of rigidity.
Or is it?
:-))
Gwenn
charleydan wrote:
> RT:
> I am talking about Bill Williams materail. I have used it over 6 months
> now. I play with my Meta-Stock trying to devise methods and ideas, but Bill
> is what I trade.
>
> His Awesome Oscillator is nothing more then MACD (5-34-5) his alligator is a
> smoothed averages(if you have meta-stock I can give you a site that has the
> formulas), I use exponential moving average(5-8-13). In his book sometimes
> he uses different words because the indicator is slightly different, but
> they act so closely the same it really makes no difference. One other
> indicator he uses you can hand calculate, but most of the time you can just
> see it. But it requires volume for the day and price range. If you day
> trade you would need volume intraday for that indicator. I swing trade and
> do not. This is not required to trade the rest of the system but it helps.
>
> The system is built around Elliott Waves and just a glance at the chart and
> you can tell where you are on your waves right now. I know to some, even
> like me, that they were hard to see or understand. Not with his MACD
> definitions they are a cinch.
>
> What helped me to be a better trader or become a trader. First Bill
> Williams book "Trading Chaos" the mental section. Probably can find the
> materail he has there at lots of places, but that is where I found it.
> Secondly, his trading system, I never second guess it, even when it is
> opposite of everything I am told and I use it purely mechanicly.
>
> Now for those that decide to read or try his trading, I would like to hear
> about it. It has been my and my friends Holy Grail, but then maybe it was
> just me. They have used it alot long then I about 9 months. Let me say here
> that I don't believe the last book as been out very long, maybe a year at
> tops or two at tops.
>
> I am very sorry to here that Bill has been more or less stealing this from
> other people, so I guess he is getting the same in return when my friends,
> even tho I do not approve and wouldn't do it myself, they downloaded his
> software and hacked it for use from a hackers site. Don't ask me, I will not
> encourage this behavior by giving sites or names.
>
> This is the site for those that have Meta-Stock and you can copy the
> indicators to a tee.
> http://www.nt-tech.com.au/guppy/gup91.htm, (also a million other indicators
> there)but like I said MACD(5-34-5)=Awesome Oscillator and the
> Alligator=exponential moving averages(5-8-13) He has MFI, which requires
> volume, and has another name also, do not know off the top of my head. If
> you were to program the MFI it would act alot like the MACD. Of course he
> explains fractals which is very inportant to his system.
>
> I think this covers all the questions I was asked, but if I missed some, or
> if you have some more, call again. I am in no way connected to any vendors
> and have nothing to sell, which seems to be the most popular route in this
> business.
>
> One more, his first book is "Trading Chaos" and basic. Second is "New
> Trading Dimensions" I recommend both, but "New Trading Dimensions" is the
> one that tells how to trade the indicators and does go over some of the
> first book again. My friends say it is the only one to buy. In different
> places in the book he mentions his other services, software, home course,
> and his personal course at his research center. I have used only the two
> books and it is all it took for me.
>
> Happy Trading
> Charley
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