Unspoken "Trading Secrets" Learned from Larry Williams

Рет қаралды 13,655

8 жыл бұрын

Grab 3 favourite strategies for FREE in my new 22 page Beat the Markets Strategy Guidebook here: www.thetransparenttrader.com/...
Stop losing money on BAD TRADING! - Would you me to personally PROGRAM and TEST your strategy idea? Find out more here? www.thetransparenttrader.com/b...
FREE 3 PART VIDEO SERIES ABOUT THE SIMPLE METHODS I USED TO FINALLY BECOME PROFITABLE: www.thetransparenttrader.com/...
FREE system guide - How to make consistent profits trading FOREX
www.thetransparenttrader.com/...
If you would like to be shown how to earn a full time living trading on a part time basis, click here: www.thetransparenttrader.com/...
All the other good stuff at my trading blog www.thetransparenttrader.com/
In this video I reveal a great strategy I learned from Larry Williams. It is used to reduce your trading losses and increases bottom line profits!
DISCLAIMER:
I am not a financial advisor and I am not offering you financial advice. I am not regulated in any way. The purpose of the content I provide is for educational purposes only.
Any information you receive is based on my own knowledge and experience in the financial markets and how you act on the information provided is your own responsibility.
I cannot be held responsible for any losses you may incur as a result of ideas taken from my content provided.

Пікірлер: 23

@milesblack1830 2 жыл бұрын

i've always wondered about this... so glad you've made a video on it!

@tradeyodha 6 жыл бұрын

This has to be one the best hidden secret videos on KZfaq. Great concise information. It seems quite a 'Common Sense' once you know it but it is definitely not common at all. Great video.

@TheTransparentTrader 6 жыл бұрын

Thanks. I hope you find it helpful. All credit to Larry Williams, he's where I learnt this technique.

@tradingbuddysystem7416 3 жыл бұрын

Great job! I have learned a ton from Larry as well!

@hb7of9 3 жыл бұрын

Fantastic video, thank you :)

@ermagerd101 5 жыл бұрын

Thanks for the video, a great tool to add to anyone's journal. Larry is one of my trading heroes.

@TheTransparentTrader 5 жыл бұрын

Glad you liked it! Larry has some great trading ideas.

@andrelawrence6090 3 жыл бұрын

Powerful yet brilliantly simple. I've tried several methods of trading the equity curve using horizontal line methods and varying risk % during drawdown. Always worked out better to trust the system and leave it be. Never considered a diagonal line like the moving average. Back to testing.... thanks bro.

@andrelawrence6090 3 жыл бұрын

Backtesting it doesn't work for me. But it's still a good idea to play around with

@Kevinspires 8 жыл бұрын

Great work Jarrod !!!

@TheTransparentTrader 8 жыл бұрын

+Get Out of Your Comfort Zone! Thanks very much! Just trying to share some knowledge

@spencerwinston4334 3 жыл бұрын

Fascinating observations on the nuances of trading the equity curve. You effectively highlight the benefits derived from laser focus on a key metric of real world trading feedback, and also, imo, a seeming Ralph Waldo Emersonian esque notion of "...going an inch wide and a mile deep" into a experiment in the relentless search for the truth in trading, and as if by alchemy into broader life applications. If convenient, please add further real world examples of your equity curve trading, and how you allocate capital in terms of percent of portfolio bankroll based on market feedback from your system equity results. Thank you for your inspired efforts to educate traders across the world in a way Larry, I'm sure, would toast you with a glass of Dom Perignon champagne for your efforts. The truth shall set us all free in trading results, as well as on the higher spiritual "levels" of life.

@wanderingminstrel3868 7 жыл бұрын

Are you talking about money management? its my prime and no 1 rule?.. I trade 30yr t futures I have met Larry and attended a day with him some time ago. your equity curve as i understand it is based on money management.

@allaround6833 3 жыл бұрын

Thanks for video. But how to implement this in Multicharts? I have no idea

@TheTransparentTrader 3 жыл бұрын

I actually do this manually. I export the trades from MC and put them into a spreadsheet. Here's a video I made showing how to do it: kzfaq.info/get/bejne/gMubZM6G0ZfOnJs.html

@milesblack1830 2 жыл бұрын

what MA period would you recommend??

@TheTransparentTrader 2 жыл бұрын

Generally, 30 works quite well.

@iwsutw 2 жыл бұрын

BRILL

@kragodile532 2 жыл бұрын

You are clearly a very smart man but remember to fully break it down for people who may not know what you mean. You didnt explain what you actually mean by "trading your equity curve" and honestly that made the rest of the video very confusing for me

@kragodile532 2 жыл бұрын

Correction: you actually did!! But it was much later in the video than expecting (like 5 mins+ in)

@maximosh 5 жыл бұрын

Great information. However you forgot to say how do you tell 'when to get back in the market?' or after 'what period of time do you trade the system again?' These necessary bits of information enable this 'equity curve averaging' thing to work! One of the following ways will enable this good idea to work.. . 1. You continue to trade the system on paper, or say with Excel. That way you can tell when and if the system is working again. 2. You're backtesting the system every week or month to see if it's profitable again. 3. You continue trading the system with a much smaller equity amount, so that you can still monitor the results until the system is profitable again. . The way I do it is to have my algo-EAs sum the last 10,20,30 trades pip results and stake a portion of equity according to those 1,2 and 3 averages on equity. If trade results for an indvidual system isn't above any of those 3 averages then it trades with just .01 microlot to enable monitoring of the system. Drawdowns are greatly reduced by this proactive equity management system.

@TheTransparentTrader 5 жыл бұрын

Thanks for sharing your thoughts! For the sake of this video, my answer is similar to your number 1. You should continue monitoring performance by paper trading and only start with real money again when the equity goes above the moving average.