Here is the buried treasure. Williams realized that the public trades price , but the insiders trade value . He used the to calculate the "Net Asset Value" of a commodity. If price was below NAV but commercial hedgers were buying, he would "bet the house."
That is the only "Larry Williams" strategy that survives the modern market. The rest is nostalgia for a time when a telephone and a fill was the only barrier to entry. the definitive guide to futures trading larry williams pdf
: Methods for forecasting short-, intermediate-, and long-term trends by analyzing market turns and price pattern research. Here is the buried treasure
These are the producers and institutional consumers of the physical commodity (e.g., farmers, mining companies, airlines). They trade to hedge risk and have the deepest knowledge of the market. If price was below NAV but commercial hedgers
