Foreword
Books are like children, they say; they don’t happen in a day. As someone who has written 10 books, I assure you it is a process of more than writing. It is a process of distilling information you have learned over the years into what you hope will be passed on through the ages. Like children, books are nurtured, eventually taking on a life of their own.
I have seen that take place with this book. John and Grace Wang became friends and students of mine almost 20 years ago. Like all searchers of truth, they have had more than one teacher; they have learned from others, then took off on their own flight. I would like to think that in some small way I set them on the path that has led them to this book. I have seen them exceed my expectations, but also become an even bigger market influence than anything I had hoped for myself. What could be better? To see someone outperform one of their teachers is, to me, an exhilarating experience.
It has been my good fortune to see them become a driving force within this industry, to see them help many traders throughout the world with their trading strategies and systematic approaches. Their software has become one of the most popular ones of all time for traders to use. What an accomplishment; what an honor on their part! And now they’re going to open the door to their market systems.
While many people will be reading this book to learn about their approach to the market—how to trade, how to manage money, and what really works in the art of trading—I find there is an equal lesson here, which is about accomplishing greatness within your business or profession. They have certainly done that.
The lesson is that there are monetary rewards from trading, but the greatest reward in this business is to see people excel. Money is so ephemeral; other people’s success in life lasts generations.
Most anyone can write a book... it is not writing... it is the content of your writing that matters. In this book you are going to learn the distillation of their research and work spanning several decades.
The authors were critically educated at the University of California, Santa Cruz, in the sciences; that’s why I think you’ll find their work to be so invaluable—because it is written not only from the heart and experience of trading but because everything they do is based on the scientific method.
In this day and age of trading, books have been written about everything from supposed fractals of chaos to imaginary cycles and waves, all things that cannot be proven. In this book you are going to learn what has been proven in many markets for many years. This is a practical book; no pie-in-the-sky abstract concepts here.
I found their writing style easy to follow, easy to comprehend, and chock-full of practical trading strategies. What more could a person want?
Read it and prosper!
LARRY WILLIAMS