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Patterns

All posts related to Patterns & Toby Crabel & Larry Williams

Toby Crabel is a contemporary United States self-made billionaire commodities trader. The Financial Times called him "the most well-known trader on the counter-trend side". He is the fund manager of Crabel Capital Management, ranking in 2005 number 101 out of 196 funds on Absolute Return's survey of U.S. groups with more than $1 billion AUM. Toby Crabel manages 3.2 billion dollars with a staff of some 80 people, and has been a producer of consistent returns whatever the weather since 1991.

The Principle of Contraction/Expansion.

In 1990 he wrote the book 'Day Trading With Short Term Price Patterns and Opening Range Breakout', which was sold out immediately, and now can be found on eBay for up to $4,000 a copy. Rumor goes, Crabel had not pursued additional printings of the text, believing that it gave away too many of his valuable trading ideas.

Toby Crabel Price Patterns.

However, one of its great strengths is that it is an attempt to statistically test the efficacy of price patterns. Instead of merely asserting that a chart formation is bullish or bearish, Crabel actively searched for evidence. Crabel began with very simple notions of range and then investigating increasingly complex patterns over individual and multiple days, of 2 bars, 3 bars, etc. Today Toby Crabel is best known for his treatment of ORB and narrow range (NR4, NR7) patterns.

Larry Williams wrote the all time best selling commodity book How I Made a Million Dollars Trading Commodities. He won the 1987 World Cup Championship of Futures Trading from the Robbins Trading Company, where he turned $10,000 to over $1,100,000 (11,376%) in a 12 month competition using real money on real trades.

Andrea Unger - How to Trade the Larry Williams Oops! Pattern. (video)

This is a record no one has come close to since and only the legendary W.D. Gann may have done it before. Ten years later his actress daughter Michelle won the same contest. He ran twice for the United States Senate in his home state of Montana narrowly losing on both occasions. He currently lives in the United States Virgin Islands,where he trades, teaches, writes and does market research.

My “New Reversal Day” Discovery.

Williams has created several market indicators including Williams %R, Ultimate Oscillator, value measurements for commodity prices, the COT index, accumulation indicators and a setup for Volatility Breakouts. His website is www.Ireallytrade.com He developed a number of trading strategies based on patterns, e.g. Oops! being one of the more popular ones.