In last week’s article, A License To Print Money, we took a look at three different opening range breakout methods that were used by several well-known traders. These traders grew very small seed accounts into large winnings. All these traders used a very similar trade setup. That was, variations of the opening range breakout on the futures and/or bond markets. The three traders which were highlighted were… Tony Crabel Sheldon Knight Larry Williams We also discovered that the recent performance of these open range breakout setups has been diminishing. It’s assumed that a couple of factors are coming into play which are reducing their effectiveness. Most notably is the introduction of the electronic markets which reduced the impact of the traditional […]Read more ›
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When it comes to legends in the trading world, the name Larry Williams comes up often. Larry is the creator of the ultimate oscillator and the Williams %R Indicator. Furthermore he has written many popular books. His claim to fame is taking a $10,000 account to $1,100,000 during the 12-month competition known as the World Cup Championship of Futures. Interestingly his daughter, Michelle Williams won the same contest at age 17. I bet a little help from Dad went a long way with that one! While Larry’s impressive story is well known to many there is another trader who has done equally as well when it comes to taking a small account to large sums. That trader is Sheldon Knight. […]Read more ›