Locate a market where the daily ranges have been shrinking over the last 3 to 5 days.
: A specific timing strategy detailed in the second volume to enhance entry precision. Amazon.com Strategic Framework and Risk Management
In the world of technical analysis and commodity speculation, Larry Williams is a titan. He is the man who famously turned $10,000 into over $1.1 million in a single year (1987) to win the Robbins World Cup Championship of Futures Trading. the definitive guide to futures trading larry williams pdf
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Williams advocates for aggressive but mathematically sound position sizing based on your historical win rate and payout ratio. A variation of the formula used to determine the number of contracts ( ) to trade is: Locate a market where the daily ranges have
Williams categorizes market participants into two distinct groups:
When the market gaps open below the previous day’s low (in a downtrend) or above the previous day's high (in an uptrend), amateurs often jump in, fearing they are missing the move. Williams argues that these moves often fail and reverse. He is the man who famously turned $10,000 into over $1
He strips away the noise. Instead of relying on a dozen lagging indicators, he teaches you to read price action. The book argues that price is the only truth in the market, and volume is the lie detector.