Larry Williams is a barely legal con artist. Ask yourself, why does he make his money selling books and newsletters to average joes instead of managing a multimillion dollar fund.
Those who can, do. Those who can't, teach.
For the truth on Larry Williams, read "Winner Take All" by William Gallacher. Gallacher's diatribe against technical analysis is off base, but he sheds much needed light on the phoney baloney surrounding Larry Williams, Bruce Babcock, Elliott, Gann etc. I find it hilarious that at the same time Larry was winning a rigged trading contest he was losing massive amounts of money for his clients, and his fund was shut down after a year of operation due to huge losses. He is the master of back-tested BS.
The ironic thing that has been pointed out by great traders in Schwager's "Market Wizards" is that the rules of great trading could be printed on a full page ad in the Wall Street Journal and it wouldn't matter. There is no "secret;" trading success comes from hard work, good psychology and money management. The hard fact is that most people don't hack it because they are too greedy, lazy, dumb, scared, or all of the above. Anyone looking for a secret is trying to find a shortcut in the first place.
Save your money. If you want to improve your trading, buy something by Schwager or Sperandeo instead.