William's Percent Range is suited for trend following

It’s strange that some people treat Williams Percent Range as a counter-trend tool

Envelope was the same

I don’t understand why they stubbornly try to use these as counter-trend

Besides, Williams is a pure trend-following breakout strategy

Indeed it can be used in markets where counter-trend works

But overall, combining technical analysis with counter-trend usually doesn’t end well

When I take counter-trend, I don’t use technicals

Using technicals makes market judgment sluggish

With technical counter-trend, there’s no way to prove it after the fact

In other words, it largely leaves it to discretion

But with pure technical trend-following, it’s easier to confirm after the fact, right? That’s the point

In that sense, trend-following via Williams Percent Range

literally

can be profitable if you follow the trend

and put it into practice as the phrase implies

To be precise, the same can be said for a technical + counter-trend logic

Ultimately, the issue lies with the person using it

But for typical seminar sellers and marketers

they don’t grasp these ideas

they just talk about logic and strategy

As a result, the number of people who can actually increase their gains is small

The people who do increase are

often trained in places that are almost like a Sparta program

Trader: “I ended up trading pointlessly today”

Instructor: “Are you kidding? Stop trading the market!”

People who are taught this way end up winning, often while shedding tears

And why is that? It’s not that I’m endorsing Sparta

Rather, I hate Sparta-like approaches

But even more so, there are few who strictly adhere to rules

And strict adherence doesn’t mean no discretion

There’s a discretion-based form of rule adherence

In other words, because it’s enforced ruthlessly in Sparta

Thus, traders who have learned to break away from such teachings can grow over time

Up to here they’ve described technical trend-following as highly profitable

But that’s the same as the Sparta part I mentioned earlier

It depends on how you handle it

However, trend-following via Williams Percent Range

is simply a clearer, more obvious signal becoming profitable

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