High Probability Trading Strategies

<p>Foreword ix</p>
<p>Preface xi</p>
<p>PART ONE High Probability Trading Strategies for Any Market and Any Time Frame 1</p>
<p>CHAPTER 1 High Probability Trade Strategies for Any Market and Any Time Frame 3</p>
<p>Any Market, Any Time Frame 4</p>
<p>Conditions with a High Probability Outcome 4</p>
<p>Leading and Lagging Indicators 5</p>
<p>What You Will Learn in This Book and CD 6</p>
<p>Let s Get Started 8</p>
<p>CHAPTER 2 Multiple Time Frame Momentum Strategy 9</p>
<p>What Is Momentum? 11</p>
<p>Multiple Time Frame Momentum Strategies 12</p>
<p>The Basic Dual Time Frame Momentum Strategy 12</p>
<p>Momentum Reversals 14</p>
<p>Most Price Indicators Represent Rate–of–Change 15</p>
<p>Momentum and Price Trends Often Diverge 16</p>
<p>How Dual Time Frame Momentum Strategies Work 19</p>
<p>Which Indicators to Use for Multiple Time Frame Momentum Strategies 31</p>
<p>What Are the Best Indicator Settings to Use? 36</p>
<p>Dual Time Frame Momentum Strategy Rules 43</p>
<p>Dual Time Frame Momentum Strategy Trade Filter 46</p>
<p>CHAPTER 3 Practical Pattern Recognition for Trends and Corrections 49</p>
<p>Why Is It Important to Identify a Trend or Correction? 50</p>
<p>Simple Pattern Recognition Based On Elliott Wave 52</p>
<p>Trend or Correction: The Overlap Guideline 52</p>
<p>ABC and Away We Go 58</p>
<p>Complex Corrections 64</p>
<p>Overlap Is the Key to Identify a Correction 66</p>
<p>Trends and Five–Wave Patterns 67</p>
<p>Greater in Time and Price 75</p>
<p>Fifth Waves Are the Key 77</p>
<p>Momentum and Pattern Position 79</p>
<p>Momentum and Pattern Not Enough 82</p>
<p>CHAPTER 4 Beyond Fib Retracements 83</p>
<p>Internal Retracements and Corrections 84</p>
<p>Alternate Price Projections Qualify Internal Retracements 89</p>
<p>More Alternate Price Projections 92</p>
<p>External Retracements Help Identify the Final Section of a Trend or Correction 96</p>
<p>Pattern Price Targets 99</p>
<p>Price, Pattern, and Momentum 106</p>
<p>No Excuse 108</p>
<p>CHAPTER 5 Beyond Traditional Cycles 111</p>
<p>Time Retracements and Corrections 112</p>
<p>Alternate Time Projections Narrow the Time Retracement Range 114</p>
<p>More Time Factors 117</p>
<p>The Time Target Zone 118</p>
<p>Time Bands 128</p>
<p>More Time Factors 135</p>
<p>Conclusion 137</p>
<p>CHAPTER 6 Entry Strategies and Position Size 139</p>
<p>Entry Strategy 1: Trailing One–Bar Entry and Stop 140</p>
<p>Entry Strategy 2: Swing Entry and Stop 150</p>
<p>Position Size 158</p>
<p>Conclusion 162</p>
<p>CHAPTER 7 Exit Strategies and Trade Management 163</p>
<p>Multiple–Unit Trading 164</p>
<p>Risk/Reward Ratios 165</p>
<p>Exit Strategies 166</p>
<p>Trade Management 168</p>
<p>Trade Only the High Probability, Optimum Setups 197</p>
<p>PART TWO Trading the Plan 199</p>
<p>CHAPTER 8 Real Traders, Real Time 201</p>
<p>Adam Sowinski (Slorzewo, Poland) 202</p>
<p>Jagir Singh (London, United Kingdom) 206</p>
<p>Cees Van Hasselt (Breda, The Netherlands) 214</p>
<p>Kerry Szymanski (Tucson, Arizona) 218</p>
<p>Derrik Hobbs (Warsaw, Indiana) 222</p>
<p>Carolyn Boroden (Scottsdale, Arizona) 227</p>
<p>Jaime Johnson (Encinitas, California, and</p>
<p>Bogata, Columbia) 231</p>
<p>Chapter Summary 234</p>
<p>CHAPTER 9 The Business of Trading and Other Matters 237</p>
<p>Routines and Trading Records 237</p>
<p>Why Traders Win or Lose 239</p>
<p>Technology, Trading Time Frames, Markets to Trade, and Leverage 242</p>
<p>Trade for Points, Not for Ticks 244</p>
<p>You Can t Buy Success 244</p>
<p>You CAN Be a Successful Trader 245</p>
<p>More Bar–by–Bar Entry to Exit Trade Examples 247</p>
<p>Glossary 249</p>
<p>Bibliography 261</p>
<p>About the Author 263</p>
<p>Index 265</p>
<p>About the CD–ROM 271</p>