Larry Williams OOPS Trading System
Larry Williams OOPS System methodology was presented in his book, How I Made One Million Dollars Trading Commodities. It is still used by many traders with varying adaptations. OOPS trading System can be used for pattern applicable on hourly, daily, weekly, monthly or yearly.
History:
Back in 1979 Larry Williams published a description of a short-term trading method that is based on a pattern observed often in markets. The OOPS signal is a gap trading method that fades the direction of the opening gap. It is named thus, according to Williams, because when a broker would report to his clients that they were stopped out, he would call them and say, "Oops, we lost." Markets open and gap overnight, due to a reaction
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History:
Back in 1979 Larry Williams published a description of a short-term trading method that is based on a pattern observed often in markets. The OOPS signal is a gap trading method that fades the direction of the opening gap. It is named thus, according to Williams, because when a broker would report to his clients that they were stopped out, he would call them and say, "Oops, we lost." Markets open and gap overnight, due to a reaction
posted by Bramesh at
4:06 PM
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