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I'm extremely skeptical Larry Williams traded this particular setup at all.
Rather was long like most as the market had triggered both systems,
chartist and day traders at this point. Larry Williams is the king of hype
period. He has no shame as he will say and do anything to promote himself.
I think he was only trying to capitalize on the hysteria and buzz centered
on the markets reaction to the feds. Appears to be working.
Robert
At 08:17 AM 4/26/01 +0200, Ed Kiers wrote:
>No, he did not. He had a stop-loss. Under the low of the fourth bar. Or even
>under the low of the third bar. I would love to run a bit of risk when the
>odds are in my favor.
>
>Ed
>
>
>----- Original Message -----
>From: "DH" <catapult@xxxxxxxxxxxxxxxxxx>
>To: <code-list@xxxxxxxxxxxxx>; "Omega List" <omega-list@xxxxxxxxxx>
>Sent: Thursday, April 26, 2001 4:39 AM
>Subject: Re: CL_might be of interest to some-
>
>
> > The exit strategy is to get out on the first
> > profitable open with a dollar risk stop.
>
>So, that means he got out on the open BEFORE the fed spike. So much for
>"forcasting the 400 point move." :-)
>
>--
> Dennis
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