[quote=whitneywhiteman]
Shay ... outta curiosity...
are you trading on your own guiding yourself by these charts with larry williams indicators?
and if so ... how succsesful is it? ((and i dont need numbers, just
an average understandint of the charts and indcators potential )
im fairly new to this... i'd apreciate some imput :)
[/quote]
It's been a few years since I read Larry's book so I don't remember all
the indicators and formulas he used. If someone has the book please share the
indicators/formulas.
As always, Larry writes interesting books and gives me new
ideas. I remember that I liked some of the methods he used but I like
to use the Large traders rather than the Commercials for reasons I've outline in this thread. I do plan on adding more functionality to the COT controls so everyone can test these indicators for themselves.
In another post Hedger asked for an additional operator to be added to the COT controls so that a total of 3 operations can be performed. I think some of Larry's calculations require 3 steps to get to the end result. If that's the case then we should be able to replicate the indicators in the book.
Can someone with the book verify that's all we need?
Shay, I have his Book , PDF format. (about the cot reports)
if u're interested, drop me a line at bardahanc@hotmail.com and i can send it to you.
we can even share if you have some of his stuff too...
mmmm....
also, i noticed on this website, checked the (elec) for natural gas and when i point the mouse curos on the candles, the high/low/open/close is all integer numbers, just 4 ... or just 5...
i dunno man... maybe there's a bug in calculations... u might wanna take a look at that.
either way ... im really curious about those 3 steps that larry williams told about, cuz this is the first time i hear about them.
if u wanna share knowledge, it woul be apreciated.
and thnx for the support
Try the chart again, those decimal values have been fixed. We had some of the decimals off for a few of the markets, thanks for letting me know.
Can you post one of the Larry Williams formulas you're interested in or maybe the paragraph that explains the calculation. I'll see if I can add it to the charts.
Shay Campbell Timing Charts, LLC The trend is your friend until the end, when it bends.
There's mainly 3 indicators in that book oh his.
Willco (i believe its williams r%)
ProGo
Seasonals
Since u have Willco and Seasonals... progo is related to "momentum" as of when to jump into a trade.
the only issue is ... the charts are not LIVE... its all off at the end of the day .. so its kindda tricky.
either way, im pretty happy with your web site charts.
but i do get confused on how to use those features on the bottom... the choice between futures or futures and options + the filters... of positions and long interest... it just gives me weird lines that i dont know how to read.
Can you post info about WillCo. I will try to add more indicators to the COT settings.
I would encourage you to use these indicators with the large traders rather than the commercials advocated by Larry Williams. Rather than trade contra to large traders, trade with them. This will get you in the trend early and allow you to stay with it. If you trade with the commercials you will fight every large move until you go broke. Just my 2 cents on the subject.
Shay Campbell Timing Charts, LLC The trend is your friend until the end, when it bends.
Shay but... when i look n the cftc reports on COT, most of the times the large traders are going against the commercials...
its like a conflicting trend.
how come i should follow them?
about WillCo - its that stochastic from the book. im really clueless about how it is applying, but its a prportion in between the net positions and the open interest levels. in order to create it, you have to collect cftc data from minimum 6 months to 3 years...
WillCo is defined by Commercial Net Position over Open Interest.
The formula used by Larry was:
Stochastics (Commercials/Open Interest, x)
Where x was the period. Larry suggested 26 weeks.
It should be taken into account that WillCo should be used with the overall trend.
When the trend is up and the commercials are buying, it is great opportuntiy to get rich.
But how do you define a trend? Here is a passage from the book:
"Wait, though, how do we know if the trend is up or down? That is a good question and not an easy one to answer, even for me! Let’s keep it really simple and say that as long as a 52-week moving average of price is higher than the prior week’s, we are in an uptrend. The opposite is equally true; when the 52-week moving average is lower than it was one week ago we are in a downtrend. You can get fancier, use different trend measures and fancy mathematical formulas, but they all get pretty much to the same place—a general observation as to whether prices have been up or down."
And for ProGo:
MA (Close - Open, 14 days)