Larry Williams Smash Day

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  • เผยแพร่เมื่อ 26 ก.ค. 2024
  • Reversal Days, aka Larry Williams Smash Day is a great pattern to trade false breakouts. Learn how to build a profitable strategy that trades a portfolio of asset classes profitably.
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    🕞 Index 🕥
    ----------------------
    00:00 Larry Williams Smash Day pattern
    01:00 Smash Day pattern example
    02:58 Smash Day strategy code in Tradestation EasyLanguage
    04:18 Raw smash day strategy applied to many instruments
    07:06 Adding filters, exits, profit target
    09:14 Adding stop loss
    11:01 Adding an indicator as an exit
    13:30 Conclusion
    Let's Connect:
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ความคิดเห็น • 42

  • @ShareefusMaximus
    @ShareefusMaximus 2 ปีที่แล้ว +9

    Great! This is what I trade every day: Smash bars. It's my favorite setup. I'd love to see a video about "hidden smash days/bars" which are just failed pin bar reversals. Larry learned the smash day pattern from a bond trader named Joseph Stowell. Since you asked for old books, his is called "Tips for Traders and Investors." He is famous for his "cups and caps" setups, which are failed swing highs and failed swing lows.

    • @StatOasis
      @StatOasis  2 ปีที่แล้ว +1

      Sounds good!

    • @Be4Chst
      @Be4Chst 5 หลายเดือนก่อน

      How do you take profits?

  • @hamburmeta3415
    @hamburmeta3415 ปีที่แล้ว +1

    Hello, trading zone, a mexican youtuber recommended your channel, and i must tell u that your content is pure gold... Thanks a lot.

    • @StatOasis
      @StatOasis  ปีที่แล้ว

      Thank u for watching and special thanks for the Mexican TH-camr 👌

  • @rod85y
    @rod85y 2 ปีที่แล้ว +2

    Fantastic Ali! I'm amazed this simple pattern works. Thanks you for sharing your knowledge once again!

    • @StatOasis
      @StatOasis  2 ปีที่แล้ว +1

      Yes simple works. Thank you for watching

  • @auxripper
    @auxripper 2 ปีที่แล้ว +1

    Genius. When I have time, I MUST join the inner circle and learn to code

    • @StatOasis
      @StatOasis  2 ปีที่แล้ว

      Thank you for your support

  • @FilippoCordioli
    @FilippoCordioli 2 ปีที่แล้ว +1

    very helpful study thanks :D great that you show the TS code so we can also test it and work on it

    • @StatOasis
      @StatOasis  2 ปีที่แล้ว

      Glad it was helpful!

  • @Yewbzee
    @Yewbzee 2 ปีที่แล้ว +1

    Cheers Ali, very helpful.

    • @StatOasis
      @StatOasis  2 ปีที่แล้ว

      Glad to hear it

  • @ericwilber1228
    @ericwilber1228 2 ปีที่แล้ว +1

    Amazing content as always!

    • @StatOasis
      @StatOasis  2 ปีที่แล้ว

      Greatly appreciated

  • @kaveh6161
    @kaveh6161 2 ปีที่แล้ว +1

    Great as always

    • @StatOasis
      @StatOasis  2 ปีที่แล้ว

      Thank you for watching

  • @Frengdahl
    @Frengdahl 2 ปีที่แล้ว +1

    great stuff. meat for a new stock portfolio!

    • @StatOasis
      @StatOasis  2 ปีที่แล้ว

      Glad you found it useful

  • @billmietelski
    @billmietelski 2 ปีที่แล้ว +1

    Lol, the interwebs keep eating my comments. I was wondering why you hadn't responded, and now I see ... my comment from yesterday is gone ... I swear it was there yesterday ... and I'm not crazy - my mom had me tested ;) ... Oh, well ... not going to repeat ... long story short, I actually have that book but I didn't read it cover to cover, and must've missed the section on Smash Days ... I don't have TradeStation, but I do have backtesting models built in Excel ... looking forward to replicating your results ... plus, I have several uncorrelated markets in mind, assuming these tests results hold up ... thanks for your time & effort in these videos!

    • @StatOasis
      @StatOasis  2 ปีที่แล้ว +1

      I only have auto filter on for "bad words", the process is automated as they must have billions of comments to sort through, but sometimes they remove comments based on other things, like your comment on other channels, they have many variables. sometime i will get the comment in my email box and it will never show up on my channel.
      the pattern is simple and should easily be programmed in any platform.
      Its on page 100-110 of the book

  • @AliHasan-ot7rb
    @AliHasan-ot7rb 2 ปีที่แล้ว +1

    Hi Ali, Sorry for getting off-topic, just wanted to ask you about SQx
    i've noticed that last SQx software update was in Sept. 2021 !! are they stopped developing the platform ? do you have any info about that ?

    • @StatOasis
      @StatOasis  2 ปีที่แล้ว +1

      They release minor updates every now and then but they are working on adding broker connections so I guess that slowed their update cycle on SQX

  • @pdoty3335
    @pdoty3335 ปีที่แล้ว

    Why in condition 6 am I getting the error message associated with H, "cannot imlpicitly convert Numerical to TrueFalse? Error # 30408

    • @pdoty3335
      @pdoty3335 ปีที่แล้ว

      NVM coding error....

    • @StatOasis
      @StatOasis  ปีที่แล้ว

      you have a variable that is numerical trying to get true/false
      change the variable from "Value" to "Condition"

  • @RafalLuberacki
    @RafalLuberacki 2 ปีที่แล้ว +1

    is there any EA available for this strategy?

    • @StatOasis
      @StatOasis  2 ปีที่แล้ว +1

      SQX can export to MT4 but Unfortunately I didn’t build this in SQX

    • @RafalLuberacki
      @RafalLuberacki 2 ปีที่แล้ว

      @@StatOasis what timeframe did you test it? Only daily? Any idea how does it work on a 4h /1h chart?

    • @StatOasis
      @StatOasis  2 ปีที่แล้ว

      daily, I don't know how it performs on other time frames

  • @ireneusz7469
    @ireneusz7469 11 หลายเดือนก่อน +1

    How much you take for trainig? On past graphs.😂😂😂😂😂 hahaha.......

    • @StatOasis
      @StatOasis  11 หลายเดือนก่อน

      $0.27 😊

    • @ireneusz7469
      @ireneusz7469 11 หลายเดือนก่อน

      What is you nationality. Are you from Teheran. I heard about you from Reza. You learning from courses.

  • @ireneusz7469
    @ireneusz7469 11 หลายเดือนก่อน +1

    The book is based in 80s. In my opinion does noy match with todays electronic methods of trading. We may say old fashioned book.

    • @StatOasis
      @StatOasis  11 หลายเดือนก่อน

      Yes and many patterns still work with minimal effort

    • @ireneusz7469
      @ireneusz7469 11 หลายเดือนก่อน

      Which one? Smash? Dont tell me like this.

    • @ireneusz7469
      @ireneusz7469 11 หลายเดือนก่อน

      You just looking for money from training and peoples becuse you not able to earn on market. You cheat people. I think you are from Iran , I can recognise you.

  • @thegormlesstwit849
    @thegormlesstwit849 2 ปีที่แล้ว +1

    Nothing this simple ever works this well, amazing if it does.. I will see if I can run this strategy through NinjaTrader.

    • @StatOasis
      @StatOasis  2 ปีที่แล้ว

      That’s great, testing is the only way

  • @shinyam8335
    @shinyam8335 ปีที่แล้ว +1

    excellent!!
    Thanks Ali.
    btw, I sent email yesterday.
    Could you please check it?
    Thank your for your time.
    Shinya

    • @StatOasis
      @StatOasis  ปีที่แล้ว +1

      Thank you for watching.
      If u didn't receive an answer please send to
      Info at statoasis dot com

    • @shinyam8335
      @shinyam8335 ปีที่แล้ว

      @@StatOasis I should have sent an email, but the file size was too large to send.
      I sent it again, so please check it when you have time. Thank you🤠