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Which you want to trade (e.g., stock indices, commodities, currencies)
Suggests the rally is driven by short-covering rather than new buying, indicating a weak, unsustainable trend. Seasonal Tendencies
Locate the nearest three-bar swing highs and lows on the daily charts to define key support and resistance zones. the definitive guide to futures trading larry williams pdf
Always place a hard stop-loss simultaneously with your entry order.
Williams is famous for his strict money management rules:
A definitive guide to systematic trading requires objective tools to measure market conditions. Williams %R AI responses may include mistakes
The CFTC publishes the COT report weekly. It breaks down open interest into commercial, non-commercial, and retail positions.
Relates the closing price to the day's true range to see who controls the market close. 3. The Mechanics of a Larry Williams Setup
: A significant portion of the work is dedicated to a systematic approach to risk, including techniques aimed at maximizing the probability of doubling capital while avoiding ruin. Seasonal Tendencies Locate the nearest three-bar swing highs
Practical takeaways
What is your preferred (day trading or swing trading)?