the more I study this video the more I appreciate your work thanks

Really enjoyed the video, thank you for putting it together.

Excellent video!

Hi Jarrod, thanks for sharing yet another trading strategy. I really like your work and I´d like to suggest an approach that I have never seen you use before: Fixed risk/reward ratios. Instead of exit strategies like X number of bars, staying on the trade till contrary signal, etc, have you considered using risk/reward ratios? There are many ways of doing that. Examples: using the entry bar as benchmark (either the full candle range or just its body), or using the previous candle´s size as an input too, or even calculating an average candle size based on the previous candles Example: taking the candle range of the last X bars to determine the average candle size to be used as reference for the risk reward ratio. You can also use ATR or even moving averages to determine the stop-loss, and then multipying that stop loss by the risk/reward ratio, to determine the trade target. Finally: please consider using technical indicators such as the RSI or MACD, as part of your exit strategy. There is virtually no limit to the number of possible combinations. Good luck in your trades!

Anticipation of the fractal formation. I like it!

This is a lot of my trading. I found your channel by doing a Larry Williams KZfaq search. The one I love best is the "hidden" smash day in a trending environment. GOLD!

awesome strategy, good job Jarrod!

Great strategy! Thank you for sharing!

Wow! Fantastic, I gotta try it myself.

You're super as always. I have my trading software open side by side with your videos and code your strategies as you go through them. Thanks so much. Just for fun I put this strategy on corn futures and let me just say wow. The accuracy is incredible. The only modification I made was I created an independent lookback period for short and long trades. I think many markets act differently short and long. In my initial Smash Days testing on all my optimizations there is positive net profit. Similar to what you were discussing. But on a completely uncorrelated market!

good stuff, I've been trading a variation of this for a little while and it's been pretty good. Interestingly, in the Oxford Capital Strategies long term study of hundreds of systems, there were only 2 strategies that actually worked. One was the Williams Smash Day strategies, the other was the Ross Hook.

Hi, thanks for nice vids. Is it not bad to optimize all the time. Curve fitting? How do you think around that, when you look for the best. Brgds Curre

Quick question, what then happens if buy or selling daily bar closes without triggering orders? will the smash day bar still be valid with the 3rd day bar?

could you please see if the smash bar method will work on different bars like 30 minute or 1hr etc.

Hi Jarrod, If smash day bar is set and the next day is a doji, do we move our buy order to the new closed bar or do we keep it at the original smash day bar? i.e. EURUSD Feb 07, 2023.

Nice work Jarrod and thanks for sharing. Just as an idea how about a trailing stop method for exit? Something like n times ATR where n can be optimised? The other option could be trailing the stop 5 pips below the low for long (or above the high for short) if by the end of the day the trade is still in profit. Thanks again for sharing and please keep the videos coming.

Is there a formula of this to be applied on an algo platform?

Put two whiteboards side by side. This one "Smash days" and the one in "Mean Reversion Trading without Indicators". In both cases the criteria for each strategy is met, yet one tells you to go short, the other to go long 🤔 Perhaps there's an interesting lesson in this? Maybe trade management, rather than entry, is a more significant determining factor for successful outcomes? I'm not suggesting that's the case, but it's worthy of investigation.

Hello, does anyone know any indicator in tradingview for smash day ? Thanks

Hi, I found your video because I wanted to understand Smash Days as I’m currently reading Larry Williams’ book. Thanks to you I understood it very well now! Very clear. Is it working on other markets (SP, Nasdaq 100…)? Thanks a lot!

would it be possible for you to use normal Japanese candlesticks Jarrod?

I have a quick question that I have not really figured out yet. On the first profitable close approach, after X amount of days (assuming you are using a day delay) and you are not in profit, does it just run till it either reverses to profit or stays in till it hits the stop loss?

Happy New Year and what an Amazing video. Can you please also do a recap of best winning strategies for last year 🙏

Does it work on forex?

I have been getting some decent results with backtests when entering at the cross of the smash candle open instead of breaking high-low, so we can get more profit. No limit order though, but m30-h1 candle closes. So its like detecting daily pattern and entering at lower tf. Can you confirm it?

I have quastion is this strategy work so why we dont see you at trading championships???

You missed that the close on smash day should be within the bottom or top 25 % of the confirmation candle

Does it work on any other currency pair?

13k DD scares me a bit...

What book was it by Larry Williams?

Show that w normal candles

But this strategy would not bear sp500 for the same period of time

That's just a simple engulfing candle.