Larry Williams has been a guest of the podcast before, sharing insights from 50 years of trading in Episode 20.
In 1987 he won the World Cup Championship of Futures Trading ® *, turning $10,000 in to over $1.1 million in 12 months.
He is a published author, with a long list of best-selling books and has also created a number of market indicators including Williams %R, Ultimate Oscillator, the Williams Accumulation/Distribution Indicator, COT indices, cycle forecasts, market sentiment and value measures.
In this episode we’ll be discussing algorithmic forecasting, the methods and applications of forecasting, cycles and seasonality, plus some forecasts for the markets in 2016.
In this episode we discuss
- Why algorithmic forecasting can be so interesting and so challenging
- Is forecasting just an academic exercise or can it actually be applied to real trading?
- The difference between Larrys forecasts and others made in the media
- How past cycles can project what may happen in the future
- How Larry actually generates forecasts based on past market behaviour
- Factors that can make forecasts inaccurate and why some factors aren’t even considered when forecasting
- How the forecasting process has changed over the years
- Forecasts for the Australian and US markets in 2016
- Which factors have the best forecasting ability
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Resources
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- Larry can be followed through his website ireallytrade.com
- If you want to know more about Larrys 2016 forecast, it’s available here
- 10 outrageous predictions for 2016 – Saxo Bank
- 10 outrageous predictions for 2016 – JB Marwood
Quotes
Transcript
*Trading futures and forex involves significant risk of loss and is not suitable for everyone. Past performance is not necessarily indicative of future results. The World Cup Championship of Futures Trading is a registered mark of Robbins Trading Company’s affiliate Robbins Financial Group. Accounts trading in the World Cup Trading Championships (WCC) do not necessarily represent all the WCC accounts controlled by the competitor and may produce results different than the results achieved in other WCC accounts of the competitor.
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Episode Released:
17 January 2016
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What technology software LW uses for forecasting ?
Thanks in advance
I use both the signal and Tradestation, primarily Tradestation. In fact in Tradestation we have one of the tools I developed, cycle searcher, that allows you to check for the various cycles operative in the marketplace. The natural cycles I use for my forecast, however, are not part of that they are in my private stuff