Tactical Trading Outlook

I am a japanese girl living in Tokyo.

I think Larry Williams is one of nice traders in the USA.

In Japan, Kabunosuke and Uribou are famous day-traders.

Kabunosuke increased his money from several million yen

to several hundred million yen in a year by day-trading.

Uribou is also a famous day-trader in Japan.

He got his seed money by Pachi-Slot(a sort of a pinball game).

But it was hard to sit down on seat from morning to night

every day. It was a very hard work.

Then he changed his job from Pachi-Pro(a professional pinball game player) to a day-trader.

Now Uribou got several hundred million yen.

He earned 0.3 million dollars in January 2006(

see his blog).

In Japan, the no.1 day-trader is a 27-year-old jobless man living in Chiba prefecture. He earned 20 million dollars in

only a day recently. Search “the J-COM accident” if you want

to know how he earns 20 million dollars in a day by one or two

mouse clicks. By the way, he uses cheap eMachines’s PCs and 6

monitors.

Another japanese day-trader example(He always uses 20 monitors

fully):

http://www.dtsystems.net/Web-project-A/jiman/traderoom/traderoom11.htm
Score: 5 / 5

I am glad to consider Larry Williams as a friend, so it is was with great enjoyment that I read his recent book. One of the great pleasures and benefits of knowing the Specs is being able to meet and discuss market ideas with the best.

The commitments of traders report provides good additional information to speculators in the futures markets. Larry presents many good ideas for quantitative specs to test, and even hints at some of the many tricks he has up his sleeve, without giving away the family jewels. The book’s use of charts is aimed at the less quantitatively inclined beginner, and while some of the chart-based reasoning suffers from chartism’s typical retrospective bias, Larry does have a chapter on quantitative tests, although limited to win/loss ratios and amount of wins, and briefly discusses down days in S&P. However, any astute spec can test the many good ideas rigorously and develop his own more precise methods.

Ideas for new trades can come from any source, as the Specs have shown us, and new ideas are necessary to keep an edge in a competitive market. Rather than try to find entries base on comparing chartpoints and indicators which is non predictive, better to use the ideas and data to refine the entries. It is in this spirit that the book is helpful to a speculator. It’s a fun an quick read, in Larry’s breezy and folksy style.

In many ways the most basic and important call in the market is if it is going up or down. Seems so deceptively simple, but the paths it takes throw one off the track. Good information, just a bit more than the next guy, is what it takes to head in the right direction, and the COT report may give an edge.

I give the book 5 Stars.
Score: 1 / 5

….

Please, read this book! Whether you are a commodity or financial futures trader, this work by great Maestro Williams gives to you an understanding of the flow of the Real money by smart money traders; Do you think it would be a good idea to know where big traders put their 1000-2000 contracts at any US futures market every week? If yes, and if you are aware that these big monsters have the capacity to move markets up and down, with more than seroius weekly legs, so, again, read this book!

And thanks Larry

Enrico

Score: 5 / 5