Bill Williams theory

Bill Williams theory

Bill Williams is a famous American trader known for his unique approach to the market that comprised trading psychology and the chaos theory. Williams developed several technical indicators (Accelerator/Decelerator Oscillator, Alligator, Awesome Oscillator, Fractals, Gator Oscillator, and Market Facilitation Index). You can find these indicators in Metatrader (click “Insert”, choose “Indicators” and then “Bill Williams”).   

Bill Williams thinks that fundamental and technical analysis are not enough for good trades because they don’t allow traders to see the real market that is turbulent, nonlinear and chaotic.

According to Williams, the market has a structure. To succeed, a trader has to understand this structure. The market structure has 5 dimensions:

  • Fractal
  • Momentum
  • Acceleration/Deceleration
  • Zone
  • Balance line

Williams says that it’s necessary to understand all dimensions of the market.

Markets have a fractal structure. It means that they are made of shapes that can be in turn divided into smaller copies of these shapes. Any decision a trader makes is a behavioral fractal. To trade with profit, one has to recognize the behavioral fractal of lots of traders. This will let a trader forecast the direction of the market.

Traders should think about the chaos of the market as of something negative. Williams calls chaos a higher form of order which is governed not by cause and effect but by randomness. The market follows a path of least resistance which is defined by a hidden structure, like the flow of a river depends on the underlying structure of a riverbed. A trader has to discover the market’s structure and trade according to it.

In addition, a trader needs to know his/her “own underlying structure”, i.e. the routines and daily habits that determine his/her approach to trading, behavior, and reaction to any movement in the market.

A trader’s goal is to combine the knowledge of the market structure with the self-knowledge. Bill Williams gave his approach the name of “profitunity”. In his opinion, it’s important to stop doubting oneself and simply enjoy trading. Basically, Williams recommends to keep calm and carry on: trade, learn, gain experience, and make money. Get ready to discover how to use the indicators developed by Bill Williams for profit!  

Latest news

Will the ECB monetary policy accounts affect the euro?

The ECB monetary policy accounts will be published at 14:30 MT time on November 21.

Will the Canadian inflation rate rise?

The Canadian year-on-year inflation rate will be released at 15:30 MT time on November 20.

Will the RBA meeting minutes pull the AUD down?

The RBA meeting minutes will be released at 02:30 MT time on November 19.

লোকাল পেমেন্ট সিস্টেম দিয়ে ডিপোজিট করুন

কলব্যাক

ম্যানেজার শীঘ্রই ফোন দেবে।

নম্বর পরিবর্তন করুন

আবেদন গ্রহন হয়েছে

ম্যানেজার শীঘ্রই ফোন দেবে।

অভ্যান্তরীন ত্রুটি দেখা দিয়েছে। অনুগ্রহ করে কিছুক্ষণ পরে আবার চেষ্টা করুন

নতুনদের জন্য ফরেক্স বই

Beginner Forex book will guide you through the world of trading.

নতুনদের জন্য ফরেক্স বই

ট্রেডিং শুরু করতে সবচেয়ে গুরুত্বপূর্ণ জিনিসসমূহ
আপনার ই-মেইল দিন, আর আমরা আপনাকে ফ্রি ফরেক্স গাইডবুক প্রেরন করবো

ধন্যবাদ!

আমরা আপনার ই-মেইলে বিশেষ একটি লিংক প্রেরন করেছি।
সেই লিংকে ক্লিক করে ইমেইল নিশ্চিত করুন আর নতুনদের জন্য ফ্রি ফরেক্স গাইডবুক নিয়ে নিন।

আপনি পুরনো ভার্সনের ব্রাউজার ব্যাবহার করছেন।

লেটেস্ট ভার্সনে আপডেট করুন অথবা অন্য একটি ব্যাবহার করুন সুরক্ষিত, আরো সুবিধাজন এবং ফলদায়ক ট্রেডের অভিজ্ঞতার জন্য।

Safari Chrome Firefox Opera