High Probability Trading Strategies

Submitted by Book Library on 1 April, 2010 - 22:36

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.

In High Probability Trading Strategies: Entry to Exit Tactics for the Forex, Futures, and Stock Markets 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. Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.

Positive Review of Book

An absolutely excellent book (and video CD) on trading. It covers how a trade is properly structured (setup, trigger & follow-through) step-by-step with no nonsense. The author uses multi-timeframe momentum, patterns (probable position in elliott wave), price (fib-price retracements, extentions & projects), and time (fib-time retracements, projects & cycles) to setup trades. After the setup, two entry strategies are defined along with initial stops to get you into the trade, objectively! Exit strategies and trade management are throughly covered to complete the trade life-cycle. The book even covers position sizing (money management). The icing on the cake is the video CD which details the concepts visually bar-by-bar. This is a very parctical book on trading and the author gets an A+ for a job well done.

Negative Review of Book

Chapter 4 and 5 (Beyond Fib Retracements and Beyond Traditional Cycles) were written with Miner's Dynamic software in mind. Most (if not all) of his Fib strategy is proprietary software and cannot be duplicated in other trading and charting platforms. Without this ability, you really miss out on the meat of his strategy. I use thinkorswim and have chatted with the support folks who verified that they are not equipped for these techniques.

My recommendation would be to not buy this book unless you are also going to purchase Miner's Dynamic trading software.

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

  1. PART ONE High Probability Trading Strategies for Any Market and Any Time Frame.
    • CHAPTER 1 High Probability Trade Strategies for Any Market and Any Time Frame.
  2. Any Market, Any Time Frame.
  3. 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.
    • CHAPTER 2 Multiple Time Frame Momentum Strategy.
  7. What Is Momentum?
  8. Multiple Time Frame Momentum Strategies.
  9. The Basic Dual Time Frame Momentum Strategy.
  10. Momentum Reversals.
  11. Most Price Indicators Represent Rate–of–Change.
  12. Momentum and Price Trends Often Diverge.
  13. How Dual Time Frame Momentum Strategies Work.
  14. Which Indicators to Use for Multiple Time Frame Momentum Strategies.
  15. What Are the Best Indicator Settings to Use?
  16. Dual Time Frame Momentum Strategy Rules.
  17. Dual Time Frame Momentum Strategy Trade Filter.
    • CHAPTER 3 Practical Pattern Recognition for Trends and Corrections.
  18. Why Is It Important to Identify a Trend or Correction?
  19. Simple Pattern Recognition Based On Elliott Wave.
  20. Trend or Correction: The Overlap Guideline.
  21. ABC and Away We Go.
  22. Complex Corrections.
  23. Overlap Is the Key to Identify a Correction.
  24. Trends and Five–Wave Patterns.
  25. Greater in Time and Price.
  26. Fifth Waves Are the Key.
  27. Momentum and Pattern Position.
  28. Momentum and Pattern Not Enough.
    • CHAPTER 4 Beyond Fib Retracements.
  29. Internal Retracements and Corrections.
  30. Alternate Price Projections Qualify Internal Retracements.
  31. More Alternate Price Projections.
  32. External Retracements Help Identify the Final Section of a Trend or Correction.
  33. Pattern Price Targets.
  34. Price, Pattern, and Momentum.
    • CHAPTER 5 Beyond Traditional Cycles.
  35. Time Retracements and Corrections.
  36. Alternate Time Projections Narrow the Time Retracement Range.
  37. More Time Factors.
  38. The Time Target Zone.
  39. Time Bands.
  40. More Time Factors.
    • CHAPTER 6 Entry Strategies and Position Size.
  41. Entry Strategy 1: Trailing One–Bar Entry and Stop.
  42. Entry Strategy 2: Swing Entry and Stop.
  43. Position Size.
    • CHAPTER 7 Exit Strategies and Trade Management.
  44. Multiple–Unit Trading.
  45. Risk/Reward Ratios.
  46. Exit Strategies.
  47. Trade Management.
  48. Trade Only the High Probability, Optimum Setups.
  49. PART TWO Trading the Plan.
    • CHAPTER 8 Real Traders, Real Time.
  50. Adam Sowinski (Slorzewo, Poland).
  51. Jagir Singh (London, United Kingdom).
  52. Cees Van Hasselt (Breda, The Netherlands).
  53. Kerry Szymanski (Tucson, Arizona).
  54. Derrik Hobbs (Warsaw, Indiana).
  55. Carolyn Boroden (Scottsdale, Arizona).
  56. Jaime Johnson (Encinitas, California, and Bogata, Columbia).
    • CHAPTER 9 The Business of Trading and Other Matters.
  57. Routines and Trading Records.
  58. Why Traders Win or Lose.
  59. Technology, Trading Time Frames, Markets to Trade, and Leverage.
  60. Trade for Points, Not for Ticks.
  61. You Can’t Buy Success.
  62. You CAN Be a Successful Trader.

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