High Probability. Trading. Strategies. Entry to Exit Tactics for the Forex, Futures,
and Stock Markets. ROBERT C. MINER. WILEY. John Wiley & Sons, Inc.
High Probability Trading Strategies Entry to Exit Tactics for the Forex, Futures, and Stock Markets
ROBERT C. MINER
WILEY John Wiley & Sons, Inc.
Contents Foreword
ix
Preface
xi
PART 0\E
High Probability Trading Strategies for Any Market and Any Time Frame
CHAPTER 1
High Probability Trade Strategies for Any Market and Any Time Frame
CHAPTER 2
Any Market, Any Time Frame Conditions with a High Probability Outcome Leading and Lagging Indicators What You Will Learn in This Book and CD Let's Get Started
4 4 5 6 8
Multiple Time Frame Momentum Strategy
9
What Is Momentum? Multiple Time Frame Momentum Strategies The Basic Dual Time Frame Momentum Strategy Momentum Reversals Most Price Indicators Represent Rate-of-Change Momentum and Price Trends Often Diverge How Dual Time Frame Momentum Strategies Work Which Indicators to Use for Multiple Time Frame Momentum Strategies What Are the Best Indicator Settings to Use? Dual Time Frame Momentum Strategy Rules Dual Time Frame Momentum Strategy Trade Filter
11 12 12 14 15 16 19 31 36 43 46
\i
CHAPTER 3
CHAPTER 4
CHAPTER 5
CHAPTER 6
CONTENTS
Practical Pattern Recognition for Trends and Corrections
49
Why Is It Important to Identify a Trend or Correction? Simple Pattern Recognition Based On Elliott Wave Trend or Correction: The Overlap Guideline ABC and Away We Go Complex Corrections Overlap Is the Key to Identify a Correction Trends and Five-Wave Patterns Greater in Time and Price Fifth Waves Are the Key Momentum and Pattern Position Momentum and Pattern Not Enough
50 52 52 58 64 66 67 75 77 79 82
Beyond Fib Retracements
83
Internal Retracements and Corrections Alternate Price Projections Qualify Internal Retracements More Alternate Price Projections External Retracements Help Identify the Final Section of a Trend or Correction Pattern Price Targets Price, Pattern, and Momentum No Excuse
84
96 99 106 108
Beyond Traditional Cycles
111
Time Retracements and Corrections Alternate Time Projections Narrow the Time Retracement Range More Time Factors The Time,Target Zone Time Bands More Time Factors Conclusion
112 114 117 118 128 135 137
Entry Strategies and Position Size
139
Entry Strategy 1: Trailing One-Bar Entry and Stop Entry Strategy 2: Swing Entry and Stop
140 150
89 92
Contents
Position Size Conclusion
158 162
Exit Strategies and Trade Management
163
Multiple-Unit Trading Exit Strategies Trade Management Trade Only the High Probability, Optimum Setups
164 165 166 168 197
PART TWO
Trading the Plan
199
CHAPTER 8
Real Traders, Real Time
201
Adam Sowinski (Slorzewo, Poland) Jagir Singh (London, United Kingdom) Cees Van Hasselt (Breda, The Netherlands) Kerry Szymanski (Tucson, Arizona) Derrik Hobbs (Warsaw, Indiana) Carolyn Boroden (Scottsdale, Arizona) Jaime Johnson (Encinitas, California, and Bogata, Columbia) Chapter Summary
202 206 214 218 222 227 231 234
The Business of Trading and Other Matters
237
Routines and Trading Records Why Traders Win or Lose Technology, Trading Time Frames, Markets to Trade, and Leverage Trade for Points, Not for Ticks You Can't Buy Success You CAN Be a Successful Trader
237 239 242 244 244 245
More Bar-by-Bar Entry to Exit Trade Examples
247
Glossary
249
Bibliography
261
About the Author
263
CHAPTER 7
Risk/Reward Ratios
CHAPTER 9
Viii
CONTENTS
Index
26S
About the CD-ROM
271
