If you want, I can:
A momentum indicator that measures overbought and oversold levels. It oscillates between 0 and -100, showing where the current close is relative to the highest high and lowest low of a specific period (typically 14 days).
The Definitive Guide to Futures Trading: Core Mechanics, Strategy, and Risk Management the definitive guide to futures trading larry williams pdf
Practical takeaways
Volume I is a dense, 292-page hardcover, making it an "absolute must-read" for any serious futures trader. If you want, I can: A momentum indicator
To determine how many contracts to trade, use the following formula:
The COT report publishes net positions each week for three groups: commercials (producers and hedgers), large speculators (funds), and small speculators (the public). Williams's insight is that most traders misuse it by treating it as an on/off indicator. "This is not a light bulb that's on or off," he warns. "Commercials respond to price structure. They will buy at certain price levels and you really need to put price into the equation". A key nuance: commercials buy weakness by nature. If you are Cadbury and the price of sugar falls, you buy more sugar because your margin improves. That buying looks bullish, but it is just business logic. Williams also applied the same commercial-buying algorithm to stocks, developing an index that mimics the COT signal for equity markets where no official report exists. To determine how many contracts to trade, use
Larry Williams' The Definitive Guide to Futures Trading outlines proprietary methods like the Accumulation/Distribution technique, the Ultimate Oscillator, and volatility breakouts based on his 1987 trading championship success. While praised for its, actionable strategies, critics note the data is dated, although the core principles remain relevant for systematic traders. Read user reviews and details at Amazon.sg .
Do you prefer or swing trading over several weeks?