Williams %R Scans

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Transcript of Williams %R Scans

BIGTRENDS

A.C.E. CoachingPercent R Rules & Scans

Course Instructor:Price Headley

BigTrends Coaching

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educational and informational purposes only. The information presented

here does not constitute a recommendation to buy or sell a particular

investment. You are solely responsible for your investment decisions, and

BigTrends and its staff are not responsible for any trades you choose to

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BigTrends and its staff are not responsible for any trades you choose to

make. Not all Big Trends products or services are appropriate for all

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Coaching Schedule

Focused Courses with Defined Goals

Price Action (Technical vs. Fundamental Analysis)

Building Your Trading Plan

Drawing Support & Resistance Lines

Williams Percent R Rules

Moving Averages

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2

3

4

5

Strategy Session

Trading Plan

Indicator

Indicator

Indicator

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Moving Averages5

Williams Percent R Scans

Acceleration Bands

Continuous Growth via Trade Journal

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Know Your Options (Intro to Options)

ACE Trading Strategies (Simple Options)

Indicator

Psychology

Options Selection

Strategy Session

Indicator

Indicator

Williams %R

� %R is similar to Stochastics in measuring overbought & oversold levels� The traditional scale is from 0 down to –100 (I prefer from +100 down to 0)

� While most use a 10 or 14 bar setting, I use a 30-bar setting� It is smoother but still responsive

� MY GOAL:

Refresher

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� To find the Strongest Trends (Up or Down)

� Avoid the noise within a trading range

� Focus on top (or bottom) 20 percentiles

� Avoiding the middle 60 percentiles (20 to 80)

Percent R

� BULL CONFIRMATION:� Look for “overbought” reading above 80 (above 80.50 to round to 81)

� Followed by a close above that bar’s high, within the next 5 bars after Setup

Bull Confirmation

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� This is the Initial Breakout point.

� The bar when we get the initial overbought reading is what I call the Setup Bar.

Williams %R: S&P “Spyder” (SPY) Bull/Bear Confirmed

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Percent R

� BULL RETEST: Once trend is Bull Confirmed� Look for a move below the “overbought” reading under 90

� (less than 79.50, round to 79 or less)� Use this bar’s Low as the new Closing Stop

Bull Retest

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� This is the best Low-Risk Entry Point to get a Full Position for a bull trade.

� If you’re not already in, or� If you’re only in a Half Position

Williams %R: S&P “Spyder” (SPY) with Bull/Bear Retest s

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Percent R

� BEAR CONFIRMATION:� Look for “over-sold” reading below 20 area (under 19.50)� Followed by a close below that bar’s low,

within the next 5 bars after Setup

Bear Confirmation

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� This is the Initial Breakdown point.

� The bar when we get the initial oversold reading is what I call the Setup Bar.

Williams %R: Johnson & Johnson (JNJ) Bull/Bear Conf irmed

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Percent R

� BEAR RETEST: Once trend is Bear Confirmed� Look for a move above the “oversold” reading over 20

� (at 20.50 or higher, to round to 21+)� Use this bar’s High as the new Closing Stop

Bear Retest

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� This is the best Low-Risk Entry Point to get a Full Position for a bear trade.

� If you’re not already in, or� If you’re only in a Half Position

Williams %R: Procter & Gamble (PG ) with Bear Retests

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Williams %R: Breakout Scan 3/31/09 Close – Bull Cand idates

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Williams %R: Breakout Scan 3/31/09 Close – Bear Cand idates

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Williams %R: Retest Scan 3/31/09 Close – Bull Candid ates

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Williams %R: Retest Scan 3/31/09 Close – Bear Candid ates

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Williams %R: Sturm Ruger (RGR) with Bull Retests

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Do You Have Any Questions?

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