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Williams %R Scans

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BIGTRENDS A.C.E. Coaching Percent R Rules & Scans Course Instructor: Price Headley
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Page 1: Williams %R Scans

BIGTRENDS

A.C.E. CoachingPercent R Rules & Scans

Course Instructor:Price Headley

Page 2: Williams %R Scans

BigTrends Coaching

Access to Big Trends and its coaching services is provided for

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

BIGTRENDSPage � 2

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

investors. BigTrends does not provide personalized financial, tax or legal

advice. Please consult your tax consultant prior to making any investment

that may impact your tax situation.

Page 3: Williams %R Scans

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

1

2

3

4

5

Strategy Session

Trading Plan

Indicator

Indicator

Indicator

BIGTRENDSPage � 3

Moving Averages5

Williams Percent R Scans

Acceleration Bands

Continuous Growth via Trade Journal

6

7

8

9

10

Know Your Options (Intro to Options)

ACE Trading Strategies (Simple Options)

Indicator

Psychology

Options Selection

Strategy Session

Indicator

Indicator

Page 4: Williams %R Scans

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

BIGTRENDSPage � 4

� 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)

Page 5: Williams %R Scans

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

BIGTRENDSPage � 5

� This is the Initial Breakout point.

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

Page 6: Williams %R Scans

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

BIGTRENDSPage � 6

Page 7: Williams %R Scans

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

BIGTRENDSPage � 7

� 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

Page 8: Williams %R Scans

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

BIGTRENDSPage � 8

Page 9: Williams %R Scans

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

BIGTRENDSPage � 9

� This is the Initial Breakdown point.

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

Page 10: Williams %R Scans

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

BIGTRENDSPage � 10

Page 11: Williams %R Scans

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

BIGTRENDSPage � 11

� 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

Page 12: Williams %R Scans

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

BIGTRENDSPage � 12

Page 13: Williams %R Scans

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

BIGTRENDSPage � 13

Page 14: Williams %R Scans

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

BIGTRENDSPage � 14

Page 15: Williams %R Scans

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

BIGTRENDSPage � 15

Page 16: Williams %R Scans

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

BIGTRENDSPage � 16

Page 17: Williams %R Scans

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

BIGTRENDSPage � 17

Page 18: Williams %R Scans

Do You Have Any Questions?

BIGTRENDSPage � 18


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