Wrap your noggin' around this.
David Williams believes he has found something no one in the world ever found!
He pulled in 2.5 million in 1995 and he will pull in another 300K for his 2 seminars this year.
I have followed his work fairly closely on and off for nearly 10 years.
I would LOVE for someone to look at his reflected wave charts (I have more examples that I have captured and listened on his daily CFRN broadcast) and reverse engineer it.
However, his heavy-handed legal contract to attend is insane.
Watch out for his background check he will run on you and you are subject to bodily search.
Fine, he is adept at 'spatial forecasting' (wasn't Hurst too); but reflected wave is something that he discovered and one can use an indicator in an 'unusual' way to see both directionality and timing.
His dates are +/- 1 'timeframe/bar or whichever timeframe you are using.
I tend to think he is an extremely good businessman; admittedly he is a conservative trader and does not trade every day--his subscription base through pagetrader is massive and he has a knack for countertrend trading.
I just thought everyone would enjoy the 'pitch' for 7K.
I attended his webinars and listened to CFRN for several weeks. He continued to always say that conservative trading is best.
He is not a CTA but does use a broker that gives out trade 'suggestions' with good management and rules and targets.
I get the feeling he is equally talented as a long-term businessman as he is a 'forecaster.'
He even states there is a difference between being able to forecast a market move and to successfully trade it.
It is unfortunate that after making so so much money that he prices regular people out of his 'beautiful secret'--the Reflected Wave.
Believe me; even if every trader got the same information from this indicator; we would all use different timeframes and different approaches and different ways of trading it.
It truly is a marketer's world.