High Probability Trading Strategies Entry to Exit Tactics for the Forex, Futures, and Stock Markets

by Miner, Robert C.

• ISBN13: 9780470181669
• ISBN10: 0470181664
• Edition: 1st
• Format: Hardcover
• Copyright: 2008-10-20
• Publisher: Wiley

Summary

In High Probability Trading Strategies, author and well-known trading educator Robert Miner skillfully outlines every aspect of a practical trading plan-from entry to exit-that he has developed over the course of his distinguished twenty-plus-year career. The result is a complete approach to trading that will allow you to trade confidently in a variety of markets and time frames. Written with the serious trader in mind, this reliable resource details a proven approach to analyzing market behavior, identifying profitable trade setups, and executing and managing trades-from entry to exit.Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.

Author Biography

Robert C. Miner has been a leading trading educator for more than twenty years and publishes daily reports on the Forex, stock, and futures markets. He speaks around the world on trading and has written for a wide variety of trading publications. Miner has been named "Guru of the Year" and is a first-place winner of a major brokerage company's annual real-time trading contest.

Table of Contents

Foreword	p. ix
Preface	p. xi
High Probability Trading Strategies for Any Market and Any Time Frame	p. 1
High Probability Trade Strategies for Any Market and Any Time Frame	p. 3
Any Market, Any Time Frame	p. 4
Conditions with a High Probability Outcome	p. 4
Leading and Lagging Indicators	p. 5
What You Will Learn in This Book and CD	p. 6
Let's Get Started	p. 8
Multiple Time Frame Momentum Strategy	p. 9
What Is Momentum?	p. 11
Multiple Time Frame Momentum Strategies	p. 12
The Basic Dual Time Frame Momentum Strategy	p. 12
Momentum Reversals	p. 14
Most Price Indicators Represent Rate-of-Change	p. 15
Momentum and Price Trends Often Diverge	p. 16
How Dual Time Frame Momentum Strategies Work	p. 19
Which Indicators to Use for Multiple Time Frame Momentum Strategies	p. 31
What Are the Best Indicator Settings to Use?	p. 36
Dual Time Frame Momentum Strategy Rules	p. 43
Dual Time Frame Momentum Strategy Trade Filter	p. 46
Practical Pattern Recognition for Trends and Corrections	p. 49
Why Is It Important to Identify a Trend or Correction?	p. 50
Simple Pattern Recognition Based On Elliott Wave	p. 52
Trend or Correction: The Overlap Guideline	p. 52
ABC and Away We Go	p. 58
Complex Corrections	p. 64
Overlap Is the Key to Identify a Correction	p. 66
Trends and Five-Wave Patterns	p. 67
Greater in Time and Price	p. 75
Fifth Waves Are the Key	p. 77
Momentum and Pattern Position	p. 79
Momentum and Pattern Not Enough	p. 82
Beyond Fib Retracements	p. 83
Internal Retracements and Corrections	p. 84
Alternate Price Projections Qualify Internal Retracements	p. 89
More Alternate Price Projections	p. 92
External Retracements Help Identify the Final Section of a Trend or Correction	p. 96
Pattern Price Targets	p. 99
Price, Pattern, and Momentum	p. 106
No Excuse	p. 108
Beyond Traditional Cycles	p. 111
Time Retracements and Corrections	p. 112
Alternate Time Projections Narrow the Time Retracement Range	p. 114
More Time Factors	p. 117
The Time Target Zone	p. 118
Time Bands	p. 128
More Time Factors	p. 135
Conclusion	p. 137
Entry Strategies and Position Size	p. 139
Entry Strategy 1: Trailing One-Bar Entry and Stop	p. 140
Entry Strategy 2: Swing Entry and Stop	p. 150
Position Size	p. 158
Conclusion	p. 162
Exit Strategies and Trade Management	p. 163
Multiple-Unit Trading	p. 164
Risk/Reward Ratios	p. 165
Exit Strategies	p. 166
Trade Management	p. 168
Trade Only the High Probability, Optimum Setups	p. 197
Trading the Plan	p. 199
Real Traders, Real Time	p. 201
Adam Sowinski (Slorzewo, Poland)	p. 202
Jagir Singh (London, United Kingdom)	p. 206
Cees Van Hasselt (Breda, The Netherlands)	p. 214
Kerry Szymanski (Tucson, Arizona)	p. 218
Derrik Hobbs (Warsaw, Indiana)	p. 222
Carolyn Boroden (Scottsdale, Arizona)	p. 227
Jaime Johnson (Encinitas, California, and Bogata, Columbia)	p. 231
Chapter Summary	p. 234
The Business of Trading and Other Matters	p. 237
Routines and Trading Records	p. 237
Why Traders Win or Lose	p. 239
Technology, Trading Time Frames, Markets to Trade, and Leverage	p. 242
Trade for Points, Not for Ticks	p. 244
You Can't Buy Success	p. 244
You CAN Be a Successful Trader	p. 245
More Bar-by-Bar Entry to Exit Trade Examples	p. 247
Glossary	p. 249
Bibliography	p. 261
About the Author	p. 263
Index	p. 265
About the CD-ROM	p. 271
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