Hello Wab,
I'm afraid that you are slightly missing my point that the common ground of the most of technical analysis out there is the 19th century's world view that Gaussian or normal distribution curve represents, which is the culprit why we always lose money in the market. According to Bill Williams we need to replace the current paradigm ("brief system") presumed naively with the totally different approach known as Chaos theory. I referred the thread participants to read the Mandelbrot book as I don't think they have much interest in delving into this subject but just keen on superficially acquiring Bill's trading strategy.
However I agree to your conclusion without reservation. Thanks for your comments.
I'm afraid that you are slightly missing my point that the common ground of the most of technical analysis out there is the 19th century's world view that Gaussian or normal distribution curve represents, which is the culprit why we always lose money in the market. According to Bill Williams we need to replace the current paradigm ("brief system") presumed naively with the totally different approach known as Chaos theory. I referred the thread participants to read the Mandelbrot book as I don't think they have much interest in delving into this subject but just keen on superficially acquiring Bill's trading strategy.
However I agree to your conclusion without reservation. Thanks for your comments.