A.C.E.
Coaching
Percent R Rules & Scans
Course Instructor:
Price Headley
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Coaching Schedule
Focused Courses with Defined Goals
1 Price Action (Technical vs. Fundamental Analysis) Strategy Session
2 Building Your Trading Plan Trading Plan
3 Drawing Support & Resistance Lines Indicator
4 Williams Percent R Rules Indicator
5 Moving Averages Indicator
6 Williams Percent R Scans Indicator
7 Acceleration Bands Indicator
8 Continuous Growth via Trade Journal Psychology
9 Know Your Options (Intro to Options) Options Selection
10 ACE Trading Strategies (Simple Options) Strategy Session
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Williams %R
Refresher
%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:
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)
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Percent R
Bull Confirmation
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
This is the Initial Breakout point.
The bar when we get the initial
overbought reading is what I call
the Setup Bar.
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Williams %R: S&P “Spyder” (SPY) Bull/Bear Confirmed
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Percent R
Bull Retest
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
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
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Williams %R: S&P “Spyder” (SPY) with Bull/Bear Retests
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Percent R
Bear Confirmation
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
This is the Initial Breakdown point.
The bar when we get the initial
oversold reading is what I call the
Setup Bar.
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Williams %R: Johnson & Johnson (JNJ) Bull/Bear Confirmed
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Percent R
Bear Retest
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
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
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Williams %R: Procter & Gamble (PG ) with Bear Retests
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Williams %R: Breakout Scan 3/31/09 Close – Bull Candidates
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Williams %R: Breakout Scan 3/31/09 Close – Bear Candidates
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Williams %R: Retest Scan 3/31/09 Close – Bull Candidates
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Williams %R: Retest Scan 3/31/09 Close – Bear Candidates
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Williams %R: Sturm Ruger (RGR) with Bull Retests
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Do You Have
Any Questions?
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