F.Foreskin must be messing with some meds or sumtin. At one point not very long ago I actually thought he was one of the wittiest, sharpest minds here. So either he is no longer thinking clearly or I wasn't back when I had that better opinion of him. Whatever.
When watching one of Larry Williams seminars from 1998 or 1999 I remember him saying that the people following the same Hotline as his Daughter in 1997 didn't do as well as her due to her Money Management. Two points to this; 1. Other people following the same Hotline failed to produce similar results, and 2. Larry said his Daughter got too busy with Acting, so the Broker took over. So his Daughter couldn't have been applying any Money Management. That sounds mighty suspicious now!!!
You guys are all missing the point. Chapter Six of Larry Williams' How I made $1,000,000 is true million dollar material. lol Williams and the moon. lol Williams and the COT. Chapter six is the only reason I kept that book and it has been bookmarked with a paper clip since the day I first read that chapter. Substitute his Williams %R for the momentum index. Test different parameters. Once you figure it out for whatever instrument you trade it can help you on weekly, daily, and intraday data graphs. For example, I posted elsewhere I bought ES futures on Friday afternoon. Part of the reason was that SPX was at its 50 day simple moving average and stocks were finding buyers. But a not insignificant consideration for me was information that I track as a direct result of having read and tested chapter six of Williams' book. A third element was derived from yet another trader who committed the cardinal sin of authoring a book about the subject matter of his profession. I'm keeping that one to myself. And no, it wasn't Al Brooks. Brooks would still be waiting for a signal bar. For a forum that calls itself "elitetrader" the members here sure are dismissive of sound information regarding trading.
Good one actually. Those are your highest odds. Place the bet, wait for the result and go away. Just like with the roulette wheel
%% OK; frankly i have enough average$/ some times to many. NOT\ that i would blame Larry W %\ or his daughter for that Mr + Mrs Williams owns local ACE Hardware, not sure if they are related; not really like gambling @ all. EVEN though Dave Ramey says\ not everything stays in Vegas LoL\ he said he took some doughnuts out of Vegas/Silver State LOL