Re: Larry Williams

["ramon" <rbarros@xxxxxxxxxxxxxxxxxx>]

Hi All

Seems to be both Williams and Bowden do provide
a service to the newbie. The systems provide a
means of:

1    identifying the trend
2    providing an entry technique and
      initial stop
3    (sometimes) some form of trade
      management.

This is a huge start for a newbie trader; it gives
him/her the basics of a successful trading plan.

The disservice they do is to suggest that making
loads of money from a small amount is "easy"
and that you need only the "magic" approach -
usually theirs. Their systems at best give money
management a cursory glance and winning psychology
nary a mention.

Whether or not the "system" is value will depend
on the experience of the buyer. I have seen Bowden's
"starter pack" and for profitability rate it the same
as a two period moving average crossover system -
great in wide ranging or trading mkts; probably a
loser in congestion mkts.

If you know what a two period moving cross system
is, then you probably won't find the starter pack value;
if you don't then you'd probably find it a good place to start.

regards

ray

R Barros
101/25 Market Street
Sydney NSW 2000
Australia

Voice:   61 2 92673470
Fax:       61 2 92673478
E-Mail:  rbarros@xxxxxxxxxxxxxxxxxx
pack

----- Original Message -----
From: Renato Espinosa <renato@xxxxxxxxxxxxx>
To: <MRLYNNG@xxxxxxx>
Cc: <realtraders@xxxxxxxxxxxx>
Sent: Sunday, September 26, 1999 9:08 PM
Subject: Re: Larry Williams


> williams is nothing compared to David Bowden of australia who is
conducting a
> seminar for 15 - 25k just teaching gann pull back and swing chart.beware
of his
> book "safety in the market " which he sells for 1k,it's just about gann
pull
> back.he fond of selling garbage to innnocent trader.
>
> MRLYNNG@xxxxxxx wrote:
>
> > In a message dated 09/24/1999 8:22:50 AM Pacific Daylight Time,
> > owen@xxxxxxxxxxxxx writes:
> >
> > <<   I've never taken a trading seminar,
> >  but if I ever do, it will probably be his.
> >   >>
> > Is there anyone who has personally taken the previous seminar from Larry
> > Williams thru British American that would give feedback?  I understand
it was
> > sold out but I would like to hear a first hand view of the content of
the
> > seminar and how much money came back to each participant (if any) from
the
> > trading.  Thanks.
> > Lynn
>