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READER QUESTION AT CTCR Online

Question on Bill Williams' Profitunity
"
I am considering enrolling in the Profitunity course of Bill Williams in Texas. He has written two very interesting books, but I am an intraday trader and was wondering if you could comment on the exact technical system that he as developed.
Dr. William's theory is unique, well throughout, yet somewhat abstract as it relates to the specific execution of the trades based upon the use of his indicators......Using all of this indicators as presented do you feel that for someone looking for real time confirmation of entry signals that this package really does work...day in day out...(particularly on the intraday time frames of 5-10 minute charts)?
Any comments, observations, or even referrals would be very helpful. Unfortunately Profitunity does not provide customer referrals, but I would like to have some non company feedback before I invest the extensive time and money required to complete the course. I very much appreciate and look forward to your response.

- J.D.

 

EDITOR-IN-CHIEF COURTNEY SMITH'S ANSWER AT CTCR Online

Editor-in-Chief Courtney Smith: Alas, we have not reviewed the course. I agree, however, that his books are interesting and have merit. In fact, I am going to review his Trading Chaos book in the very near future. I did take a one day seminar from Bill two years ago and found it very interesting. However, I found that there was a lot about chaos theory that turned out to be so much hype. The core of what he taught on that day was plain old ordinary technical analysis with a few spins. My sense was that he was coating the profitable but ordinary techniques with buzzwords to make them seem more important. I also found that his psychological insights were quite valuable and worth the time. He is an interesting character. Good luck and let us know how you like the course if you take it.
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