August 16, 2015

020: Larry Williams talks conditional trading, what drives prices, the misuse of indicators, cycles, forecasting markets PLUS 50 years of trading insights

1 hour 7 minutes

In this weeks episode Larry Williams talks about conditional trading, understanding what drives prices, the misuse of indicators and how to apply them correctly. We also discuss cycles, forecasting markets, what to look for in market tops plus loads of listener questions where Larry shares tips and insights from 50 years of trading.

Topics discussed

What it means to be a conditional trader
Why buy and sell signals need to be analysed in the context of market conditions
Fundamental factors that drives markets
Interpreting the COT reports correctly
The buying differences between retail and commercial traders and how it can indicate future market direction
Why you should approach trading like a combination lock
Coming up with unique indicator ideas
The mis-use of indicators and how to use them correctly
Trading styles of successful traders
Forecasting markets based on technical factors
Characteristics of stock market tops and bottoms
The fundamentals to watch during market tops

Listener questions

Issues with the Forex market
Trading prices patterns, do they still work and are they scalable
Why short term price patterns work
What happened in 2002 and why you need to consider that when backtesting
Will trend trading always be effective?
How many positions to trade at one time
Money management tips for those who aren't into heavy maths
Choosing the best markets to trade
Favourite Larry Williams indicator
What keeps Larry motivated to trade after 50 years
What drives peak performance (it's not money…)
The key component that really drove Larry to becoming a consistently successful trader
How Larry lasted so long in the industry
How to overcome emotions when entering or holding trades
Larry's biggest contribution to the trading industry
Why Larrys strategies have lasted the test of time
Common traits against the most successful traders
The trading model that's worked for Larry for over 50 years

Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.

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By Andrew Swanscott chats with professional traders Larry Williams, Ernest Cha

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260260 ratings

August 16, 2015

020: Larry Williams talks conditional trading, what drives prices, the misuse of indicators, cycles, forecasting markets PLUS 50 years of trading insights

1 hour 7 minutes

Topics discussed

What it means to be a conditional trader
Why buy and sell signals need to be analysed in the context of market conditions
Fundamental factors that drives markets
Interpreting the COT reports correctly
The buying differences between retail and commercial traders and how it can indicate future market direction
Why you should approach trading like a combination lock
Coming up with unique indicator ideas
The mis-use of indicators and how to use them correctly
Trading styles of successful traders
Forecasting markets based on technical factors
Characteristics of stock market tops and bottoms
The fundamentals to watch during market tops

Listener questions

Issues with the Forex market
Trading prices patterns, do they still work and are they scalable
Why short term price patterns work
What happened in 2002 and why you need to consider that when backtesting
Will trend trading always be effective?
How many positions to trade at one time
Money management tips for those who aren't into heavy maths
Choosing the best markets to trade
Favourite Larry Williams indicator
What keeps Larry motivated to trade after 50 years
What drives peak performance (it's not money…)
The key component that really drove Larry to becoming a consistently successful trader
How Larry lasted so long in the industry
How to overcome emotions when entering or holding trades
Larry's biggest contribution to the trading industry
Why Larrys strategies have lasted the test of time
Common traits against the most successful traders
The trading model that's worked for Larry for over 50 years