Larry Williams Strategy,
The williams percent range indicator Forex technical was introduced by Larry Williams. This strategy attempts to determine oversold and overbought. The Larry Williams % R ( rang ) moves between a level of 100 and 0. This Williams percent range shows the oversold and overbought conditions. Larry willias principle focused to show a Forex market's level rang. Larry Williams strategy calculated where the closing price move between that range.
The Williams % R indicator is look like Forex stochastic indicator, The williams percent range oscillates between 0 and 100. The Larry williams indicator strategy is made to show the balance between the today's closing price and the period high of the certain period of time.
If an oscillator indicator such as williams indicator and stochastic , shows an oversold level, the best strategy is to wait for the next move to turn up before buying.
buying just because the market looks to be oversold may take a Forex trader out of the particular market long before the price rises, because oversold condition can remain in an oversold condition for a long period. Therefore, we should use other Forex indicator to combine with the williams percent range indicator strategy , such as the MACD Forex indicator. MACD Forex indicator is used to determine reversal level.
Larry williams strategy trading rules
Short when williams %R touch 0 and after which the williams %R rises above 10%. and Long when williams %R touch 100% and after which the williams %R falls below 90%
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Forex is simple follow the trend and you will rich.
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