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Larry Williams - Future Millionaires Training course


hermanhess

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I attended with LW a seminar in Italy .... even though my English is very bad, we had a friendlychat about trading .... he had a very cheap suit (jacket and pants) and poor man's shoes, I see many workers who have a monthly salary of 1,000 euros and they are better dressed

hahahah so the guys is what ? poor as f***

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I attended with LW a seminar in Italy .... even though my English is very bad, we had a friendlychat about trading .... he had a very cheap suit (jacket and pants) and poor man's shoes, I see many workers who have a monthly salary of 1,000 euros and they are better dressed

 

perhaps he started off poor, and believe in frugality...

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Here is a course by Larry Williams when he came to Italy on December 6, 2014: the video is 7 hours long but 2 hours and 30 minutes can be avoided because there are

sponsors. The audio is translated live in Italian and there are no subtitles, so I report here the most important moments, which can be understood

equally as Larry Williams uses many tables and graphs:

 

hxxps://www.youtube.com/watch?v=B3jQAhpz2HM

 

From 49 minutes to 1 hour: Larry demonstrates that the years ending with #5 (starts in 1905) are essentially bull.

 

At 1 hour and 9 minutes: shows the 4th year cycle: since 1954, every 4 years there is a decline and then a low.

It seems that after 4 years, the bullish trend returns, i.e. the bull.

The 4 Year Cycle is his favorite cycle. It has been reliable for 67 years.

 

1 hour and 16 minutes: he talks about the 10-year Cycle; in years ending with #2 usually reach a minimum; in years ending with #9 or zero,

you have to sell. It's a cycle that lasts about 100 years.

 

1 hour and 22 minutes: the best bullish Markets, there have been with a Democratic President and a Republican Congress.

 

1 hour and 23 minutes: Yield indicator (the yield curve, i.e. the difference between long term and short term interest rates),

is shifted forward by 2 years and is thus able to anticipate stock market movements: if on the rise, the stock market rises and if on the fall, the stock market falls.

The beating heart of the Markets are the interest rates.

 

From 1 hour and 33 minutes to 1 hour and 39 minutes: 70 week cycle in Soybeans and every 10 years Bull market always in Soybeans: 1963,1973,1983,1993,2003,2013,2023.

 

From 1 hour and 39 minutes to 2 hours and 42 minutes: coffee break and sponsor presentation (can be avoided);

 

2 hours and 43 minutes: euro-dollar chart with 80-week cycle, the most reliable of currencies;

 

2 hours and 57': explanation of the COT that is issued by the Government every week, on Fridays, with the positions of the Strong Hands and small investors;

the Commercials buy on Market weaknesses, when prices fall.

Large Speculators follow the trend, while Small Savers are not sure what they are doing.

 

3 hours and 25': it is the Commercial that sets the Market. This is a tool for trading, but not for timing.

 

3 hours and 41': takes this week's close, minus the close of 13 weeks before (should be a weekly chart) and then transforms it on a percentage basis; if it

drops below 18% it is time to buy; it does not give sell signals, only buy signals.

 

From 3 hours and 44' to 5 hours and 14': break that can be avoided.

 

5 hours and 38': investing 2% of the capital for each trade, in case of 4 losing trades, I lose only 8% of the total capital.

According to Larry, the best percentage is between 2% and 3% of your capital.

 

5 hours and 40': correlations between different markets often do not work (e.g. if stocks fall gold should rise, instead in many cracks this did not happen).

this has not happened).

 

5 hours and 53': there are days when it is convenient to invest in the Bond Market (Strategy Bonds), at 5 hours and 58' the best and worst months.

 

5 hours and 59': the best days and months for the Gold Market, for the Eminis, and especially the rules of some Trading System on the Eminis, with

a 90% success rate

 

6 hours and 5': trading before some holidays: Christmas (especially the day before Christmas), over the past 36 years in Bonds the success rate has

91.67%; before New Year, before Thanksgiving.

 

6 hours and 10': Long trades work better than Short ones, in all the Markets I have studied. Stops that are too small cause less gains.

 

6 hours and 15': 4 ways to lose; statistics of 8 patterns.

 

From 6 hours and 27' up to 6 hours and 32': best days of the week, especially tuesday if the close is lower than the day before.

Lumber: important indicator, better than Tuesday; if > 7 days ago, and if ES < yesterday.

Ideal ES Pattern: Close < Close 8 days ago and Close > 15 days ago.

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