Author: Larry Williams
- Trading books are a form of accounting ledger that contains records of all tradeable financial assets of a bank.
- Trading books are subject to gains and losses that affect the financial institution directly.
- Losses in a bank’s trading book can have a cascading effect on the global economy, such as those that occurred during the 2008 financial crisis.
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MY CENTRAL THESIS:
Here it is, conditions cause major up and down moves, trend change. Without the conditions being present, trend change has little validity. Back a trend change with conditions and you get rip roaring bull/bear markets.
I would like to think you now understand some of these conditions, such as the Commercials (i.e. Commitment of Traders Report Commericials). Let me add to your arsenal a trend change tool. The tool illustrated in the following charts is a simple 18-day moving average of closing price, that’s it, nothing fancy here.
Sugar Chart 1
Notice the dots…notice how they appear at important trend change points.
The dots on the chart appear when there have been two days totally above the average for a buy and two days totally below the average for sells. This is the set up for the change. Then some select short-term buy/sell signals can be used for your entry. Markets do not alway trend like this, there is risk in trading. Results will vary and no technique can guarantee making money. What you are seeing here is a tool I have used for 30 years.
I teach more specific entries in my Sure Thing Commodity Trading online course, but as you can see, there is power to these points.
For example, I have taken two big trend markets – the up move in T Bonds and the down move in Lumber, as well as a choppy one, Gold.
Treasury Bonds Chart
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