And, no doubt, a closed mind is someone who does not agree with you.
Mr. Williams responds
- Thread starter Pekelo
- Start date
and vice versa, so let me handle your account and you can battle away all day long. Your right thunder, I have not taken his course so I should not defend him. But the same argument holds for one who has not taken his course and criticizes him.
Not exactly. I don't have to step in dog shit to know that I would probably not enjoy the experience. I have read enough about the man to get the general idea of the fragrance involved. All I am saying is that those who do say they like dog shit should be prepared to wallow in it. And if they do, then they have my blessing. (Not that they need it.)
How's that for analogy?
So now you are saying reading about an event or action and forming an opinion is the same as actually witnessing the event or action and forming an opinion ?
Wouldn't this go against your thinking of the bible ?
Just for you, I am going to buy 4 or 5 of his books and see what he has to say and I am going to look into going to one of his seminars so I can give you my true opinion on him as a whole.
That is not at all what I said. You need to read what I wrote more carefully. But let us end it here for the time being. I am delighted that you will indeed be putting your money where your mouth is, and buying a number of Larry's books and possibly attending a seminar. I look forward to your report with considerable anticipation. Please keep us apprised.
Here is an analogy about the whole issue. The Williams indicator is like having a Honda car. I don't have to read the biography of Mr. Honda's or books on engines and mechanics to use and enjoy the car.
But because I might have a nice experience with it, doesn't mean that other users can not prefer another type of car (indicator) and use it in a better and more statisfactory way.
So as far as my usage of the W% indicator is concerned, I don't really care what else Williams wrote, I took a testdrive and I liked the car. But it is perfectly OK if you use Ford instead...
How is that for an analogy?
Peachy. Enjoy the ride.
P.S. I own a Honda because it is reported to be one the the most reliable cars on the road. Let's hope that you can say the same about your "Honda" on the charts, in the fullness of time.
In 1987 Larry Williams traded for both his hedge fund and also his trading contest account. The CFTC found that Williams had placed trades in one account that offset trades in the other; in other words, one account would neccessarily lose the same amount gained in the other account. As a result, Williams' hedge fund wiped out while he won a trading contest. Williams is a particularly loathsome and cynical operator. This Oregon State graduate knows little or nothing about trading. His %r indicator is laughable. Taking the recent range and dividing by 2 is an operation even my 8-year-old nephew can do.
You are an idiot. That is not namecalling, just stating the facts.
First, this myth was answered in the very first post in the link, if you ever bothered to click on it.
Second, any sane person would realize, that if a trader have 2 accounts, he still has to know which one are the winning and which one are the loosing trades, to be able to put each one where it belongs.
Third, the statement is simply a lie. Williams stated that he was investigated by 2 different authorities, and none of them found anything...