Get started

Bill Williams Indicators

Williams %R IndicatorWilliams %R, also known as the Williams Percent Range, is a type of momentum indicator that moves between 0 and -100 and measures overbought and oversold levels. The Williams %R may be used to find entry and exit points in the market. The indicator is very similar to the Stochastic oscillator and is used in the same way. It was developed by Larry Williams and it compares a stock’s closing price to the high-low range over a specific period, typically 14 days or periods.
BITSTAMP:BTCUSD
by AlecoDicom
1
BTCUSD - Intermediate terms READ - THIS IS IMPORTANT. BTCUSD Intermediate terms is in sell and it is performing. Earlier I predicted BTCUSD will go up. but it didn't perform as per my analysis and came down. Though physiologically I am long, I got sell signal in intermediate trend so I just followed and the same. I must analyse this trade and here it is. I have noticed one important parameter is, accuracy in predicting market will not be 100%. By only predicting market it is not possible to do successful trade. The only way to make successful trade is to just follow market path. If market tells us to buy we need to just follow the same. This means prediction will not work? my answer is it works! predicting market is NOT science, it is an ART. Accuracy in predicting market makes individual skills, but the most dangerous in prediction is even if you are right 90% and 10% wrong. The 10% wrong will wipe off your entire capital. This means we must stop predicting market? My answer is NO. we must predict, if you are capable of predicting and you have gather knowledge to do so, then you must predict. According to me, assessing market gives me physiological comfort zone tuning myself from bullish to bearish or vice versa. for example, when I am long in market and if my predictions provided me the information that market may change its direction. This predicted information is vital. I use this information will change myself physiologically from bullishness to bearish. I know nothing about market behavior, the only way to survive to follow market. if market gives direction to buy just buy if market tells us to sell just sell. PLAN THE TRADE (As per the system, it must be process driven) - PATIENCE (I failed here 90% and failing even today. whenever I patiently waited and look the right trade my profits are exponential. it is really exponential) - FOCUS(patience will challenge my focus, I need to work here) AND ACTION (90% Looser are very good at this) . JUST FOLLOW MARKET. KEEP FOCUSING ON YOUR TRADING PLAN AND TILL IT PROVIDE ABSOLUTE ENTRY WAIT PATIENTLY. THIS MUST BE MY KEY MANTRA.
BITSTAMP:BTCUSD
by sivkumar
1