|
PureBytes Links
Trading Reference Links
|
Stefan:
Good to hear from you. I am not a programmer unfortunately.
There may be more reliable and/or profitable variations --- I just submitted my own version after studying the cahrts for a couple hours.
Obviously it would be better if a trader who attended one of Larry's $5000 seminars would describe exactly how Larry's strategy works --- but I don't think we have one in this forum.
Be glad to work with you on it though.
Frank
P.S. I'm still holding that short from 996.00 yesterday and I will place a buy stop 2 points above the new day open to go flat if hit. If the market crashes on open I will trail my stop on down and try to take profits as close to the bottom as possible --- if the market wants to close the gap, I'll be out of there (I could buy but I feel it could be dangerous if the market is too weak to close the gap (air pocket) and then crashes too fast to get a decent fill while I'm long.
On Wed, 26 Jun 2002 07:08:19 +0200
"Stefan Johansson" <stefan.johansson@xxxxxxxxx> wrote:
> Hi Frank,
>
> Have you programmed this?
>
> I think this sounds very interesting and will try to backtest the strategy
> with some variations later today. Would you like to look at this together?
>
> Regards
>
> Stefan Johansson
>
> ----------------------------------------------------------
> Stefan Johansson
> President, CTA
> Bors Analys AB
>
> BA International Futures Fund, L.L.C.
> http://www.baiff.com
> stefan.johansson@xxxxxxxxx
> ----- Original Message -----
> From: "Frank Richardson" <frankr@xxxxxxxxxxxxxxxx>
> To: <omega-list@xxxxxxxxxx>
> Sent: Tuesday, June 25, 2002 8:28 PM
> Subject: Jaws of Death Strategy - by Larry Williams
>
>
> > Larry Williams -- Jaws of Death Strategy
> >
> > Catchy name - good strategy for swing traders. You get at least one per
> month, so far looks like 3 of these trades in June. Essentially you are
> working off bond futures behaving in reverse of S&P futures I've gotten some
> bits and pieces on this strategy from Larry's solicitations and started
> trying to piece it together. It appears that you chart the daily bond
> futures (USU2) - looking for spots where the price is peaking and then a
> downturn in the bonds where price closes below the EMA20 (it can take 1 or 2
> down daily bars).
> >
> > Next you move to say a 60 min chart of the bond futures, using a trendline
> to locate a bond futures breakout (close of the bar !) to the upside out of
> a downward sloping trendline. At that breakout point sell and take like a 12
> point protective stop. I can sometimes take as long as till the end of the
> next day or even the following open after that for price to move in your
> favor. I would move a protective stop to breakeven after 5 or 10 pt. gain.
> Often times you get like 2 or 3 down days off this entry. Many times
> establishing EOD short positions before the breakout confirmation results in
> better gains, but then I believe you subject yourself to more risk for
> without the breakout confirmation a higher % of trades fail.
> >
> > Look at what you would have gained by shorts at:
> >
> > 10:20 CST on 1-18-02
> > 8:20 on 2-14-02
> > 11:20 on 3-05-02
> > 9:20 on 4-18-02
> > 10:20 or 11:20 on 5-09-02
> > 9:20 on 6-06-02
> > day open (sucker trap) or 1:20 0n 6-18-02
> >
> > I'm short at 12:20 on 6-25-02 based on this strategy
> >
> > Anybody care to research this strategy and provide some more insight to
> this o-list ?
> >
> >
> >
> > Frank
> >
> >
>
>
>
|