High probability trading strategies : entry to exit tactics for the Forex, futures, and stock markets

Bibliographic Information

High probability trading strategies : entry to exit tactics for the Forex, futures, and stock markets

Robert C. Miner

(Wiley trading series)

John Wiley, c2009

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Note

Includes bibliographical references (p. 261-262) and index

Description and Table of Contents

Description

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.

Table of Contents

Foreword ix Preface xi PART ONE High Probability Trading Strategies for Any Market and Any Time Frame 1 CHAPTER 1 High Probability Trade Strategies for Any Market and Any Time Frame 3 Any Market, Any Time Frame 4 Conditions with a High Probability Outcome 4 Leading and Lagging Indicators 5 What You Will Learn in This Book and CD 6 Let's Get Started 8 CHAPTER 2 Multiple Time Frame Momentum Strategy 9 What Is Momentum? 11 Multiple Time Frame Momentum Strategies 12 The Basic Dual Time Frame Momentum Strategy 12 Momentum Reversals 14 Most Price Indicators Represent Rate-of-Change 15 Momentum and Price Trends Often Diverge 16 How Dual Time Frame Momentum Strategies Work 19 Which Indicators to Use for Multiple Time Frame Momentum Strategies 31 What Are the Best Indicator Settings to Use? 36 Dual Time Frame Momentum Strategy Rules 43 Dual Time Frame Momentum Strategy Trade Filter 46 CHAPTER 3 Practical Pattern Recognition for Trends and Corrections 49 Why Is It Important to Identify a Trend or Correction? 50 Simple Pattern Recognition Based On Elliott Wave 52 Trend or Correction: The Overlap Guideline 52 ABC and Away We Go 58 Complex Corrections 64 Overlap Is the Key to Identify a Correction 66 Trends and Five-Wave Patterns 67 Greater in Time and Price 75 Fifth Waves Are the Key 77 Momentum and Pattern Position 79 Momentum and Pattern Not Enough 82 CHAPTER 4 Beyond Fib Retracements 83 Internal Retracements and Corrections 84 Alternate Price Projections Qualify Internal Retracements 89 More Alternate Price Projections 92 External Retracements Help Identify the Final Section of a Trend or Correction 96 Pattern Price Targets 99 Price, Pattern, and Momentum 106 No Excuse 108 CHAPTER 5 Beyond Traditional Cycles 111 Time Retracements and Corrections 112 Alternate Time Projections Narrow the Time Retracement Range 114 More Time Factors 117 The Time Target Zone 118 Time Bands 128 More Time Factors 135 Conclusion 137 CHAPTER 6 Entry Strategies and Position Size 139 Entry Strategy 1: Trailing One-Bar Entry and Stop 140 Entry Strategy 2: Swing Entry and Stop 150 Position Size 158 Conclusion 162 CHAPTER 7 Exit Strategies and Trade Management 163 Multiple-Unit Trading 164 Risk/Reward Ratios 165 Exit Strategies 166 Trade Management 168 Trade Only the High Probability, Optimum Setups 197 PART TWO Trading the Plan 199 CHAPTER 8 Real Traders, Real Time 201 Adam Sowinski (Slorzewo, Poland) 202 Jagir Singh (London, United Kingdom) 206 Cees Van Hasselt (Breda, The Netherlands) 214 Kerry Szymanski (Tucson, Arizona) 218 Derrik Hobbs (Warsaw, Indiana) 222 Carolyn Boroden (Scottsdale, Arizona) 227 Jaime Johnson (Encinitas, California, and Bogata, Columbia) 231 Chapter Summary 234 CHAPTER 9 The Business of Trading and Other Matters 237 Routines and Trading Records 237 Why Traders Win or Lose 239 Technology, Trading Time Frames, Markets to Trade, and Leverage 242 Trade for Points, Not for Ticks 244 You Can't Buy Success 244 You CAN Be a Successful Trader 245 More Bar-by-Bar Entry to Exit Trade Examples 247 Glossary 249 Bibliography 261 About the Author 263 Index 265

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