High Probability Trading Strategies: Entry to Exit Tactics for the Forex, Futures, and Stock Markets
$19.97
Author(s) | |
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Pages |
290 |
Format |
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Published Date |
2009 |
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.
Author’s Introduction:
High Probability Trading Strategies is one of the few trading books from which you can learn a complete trade management plan from entry to exit. If you are a new trader or one who has not yet found consistent success in the business of trading futures, stocks, or forex, you will learn specific trade strategies, from how to identify high probability trade conditions, to the specific entry and stop price, through exit strategies that are designed to maximize the gain from any trend.
You will learn my unique approach to the four main factors of technical analysis, including Multiple Time Frame Momentum setups and the one main guideline to recognize the pattern structure of trends and corrections. Plus you will learn my Dynamic Price and Time Strategies to identify in advance the probable price and time targets for trends and corrections. You will learn two powerful and logical objective entry techniques and how to manage a trade for short- and intermediate-term gains through the trade exit in any market and any time frame.
I’ve also devoted an entire chapter called “Real Traders, Real Time” with trade examples submitted by my past students, who show how they apply every day the strategies you learn in this book to markets from around the world.
Contents:
- High Probability Trade Strategies for Any Market and Any Time Frame
- Multiple Time Frame Momentum Strategy
- Practical Pattern Recognition for Trends and Corrections
- Beyond Fib Retracements
- Beyond Traditional Cycles
- Entry Strategies and Position Size
- Exit Strategies and Trade Management
- Real Traders, Real Time
- The Business of Trading and Other Matters
High Probability Trading Strategies By Robert C. Miner pdf
24 reviews for High Probability Trading Strategies: Entry to Exit Tactics for the Forex, Futures, and Stock Markets
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Denver Costa (verified owner) –
This book is a wonderfully comprehensive look into a full trading strategy that can be applied to any market and any timeframe. The concepts are not elementary to understand, but are certainly not beyond the grasp of the average reader.
The downside to this book is that, according to the writer himself, professional traders have win ratios between 30% and 50%. This is astounding given that even a toss of a coin will come out at 50% eventually. It doesn’t appear to be “high-probability” if it succeeds less than half of the time…
Regardless, I will certainly be trying out this method and will report back on my results once I’ve clocked in enough trades to make a meaningful conclusion.
Rosemary Hodge (verified owner) –
The best thing I have to say about Robert’s work is that he gives you an “insight” about subjects such as time cycles, Fib’s, Momentum, etc. And that to me was worth every penny: to look at all this the way a pro would.
Curtis Reese (verified owner) –
The book that brings it all together. Realistic. Easy to read. No BS. No hype. Most importantly, tied together a lot of info I had read before but was missing the connections. Even a few suggestions, just a few, helped me go to the “next level.” Thank you Robert.
Jayleen Larson (verified owner) –
In my opinion this is the greatest trading book ever written. I have invested over $50,000 in seminars, books, home study courses, software & personal trading coaches and this book is better than ANYTHING that is out there. Best of all, by using it I have learned to pinpoint reversals with amazing accuracy and manage the trade from entry to exit just from what I learned in this single book. Save your money and stop searching for the holy grail of trading. The system laid out in this book is the most precise and complete trading plan you will ever find. It is a MASTERPIECE. Thank you Robert for sharing your knowledge!
Noa Padilla (verified owner) –
Not really helpful, very difficult to follow, it seem many things were coverd here is nonsense, both novice trader and seasoned trader not apply it for profit
Rafael Cannon (verified owner) –
I purchased “High Probability Trading Strategies” more than 3 months ago.
This book is not just a set of trading concepts thrown together. It is a book written by an active trader.
The title of the book totally states specifically what this book is about. This book is not something for you to only read, it is a tool you may want to include as part of your trading tool box.
“High Probability Trading Strategies” follows and deals with every aspect of the trade from position size to managing the trade from entry to exit. The author says his strategies can be used in different markets from forex, futures and stocks. Personally I have never traded forex or futures; however I have implemented some of the strategies trading options and stocks.
Robert Miner uses Elliot Wave and Fibonacci principles to augment his trades. And the strategies in this book are geared towards short and long trends ranging from days to weeks. Such as swing trading.
My trading results have improved since I have been utilizing the entry and exit strategies suggested in this book. In the past I made reasonable good entries. However, I frequently made bad exits.
Since reading the book my entries and exits have improved. And I don’t have to sit at the computer staring at the trades watching the prices move up and down.
This book details the trade from entry to exit and every step in between. I have read many trading books since I have been trading over the past eight plus years. And many of his trading principles mesh well with my own personality.
I am not an expert on trading be any means; however, my trading has improved since I adopted some of his trading methods, particularly his 2 unit strategy. His recommendation to enter a trade using two units instead of one, allows the trader to quickly achieve a profitable position. I think this idea increases the probability of the trader exiting a trade without taking a loss.
I would recommend this book as good tool to include in your arsenal, and depending on your level of expertise it may improve your trading results.
Cedric Drake (verified owner) –
I’ve been studying and trading the stock market for over 40 years, I’ve read hundreds of trading books and watched hundreds of videos on trading, I use professional charting software and consider myself a highly profitable trader. I KNOW what works and what doesn’t and this book is ‘one of’ the better (real world) trading books. I also agree with Mr. Miner that most strategies that are taught today don’t work and also in my opinion most traders fail because they don’t have the patience to ‘wait for a really good setup’ and don’t know how to position size or build a successful entry/exit strategy .. this book helps in that department ..ALOT. However, only real trading with real money will tell you where you stand emotionally and if you have the ability to follow known strategies that put the odd’s in your favor… if you had only 20 bucks to invest in a trading book… I’d be inclined to go for this one.. and Trend Trading for a Living as number #2 good profits to all…
Kennedi Ortega (verified owner) –
As everyone else has pointed out, the strategies in this book are really just a combination of other methods commonly used by many traders. Theres no need to talk about Fib levels for 30+ pages IMO.
Also, Miner cherry-picked the charts, as I rarely see such a beautiful ABC correction like the one in this book. The same chart (one of XAU in November) continues to show up again and again in multiple chapters.
All in all, the strategies are fine, but nothing special in this book. Just learn how to correctly use Fibonacci targets/retracements
Jaden Drake (verified owner) –
Taught me Something! But NOT how to “Get-Rich-Quick”! Ha!
Nikolai Barr (verified owner) –
Bad
Jayleen Preston (verified owner) –
straight forward, clear… the basics of trading delivered the way i like….without the philosphy or mumbo jumbo. Just 2 of the big takeaways for me: 2 time frames, and using stop orders to enter.
in a nutshell, its the approach to identifying and following a trend. If that sounds trivial to you than you may not be ready for the book. However if you have bought at the highs and sold at the lows a few times…. now you are ready.
Reign Arnold (verified owner) –
Excellent book. It has paid for itself many times.
Finley Flynn (verified owner) –
There is a lot of good info, especially for newbies like me, and the fib and Elliot waves simplified version has opened my eyes. The concept of price action is tough, period, no any other way around it. Get used to losses and be ready to learn from every losing trade , and understand the concept of a “probability”. There is no 100% sure trade, so stop losses and all the good staff needs to be put into consideration. Thanks Miner.
Harley Peck (verified owner) –
I liked this book it teaches a clear analysis of the markets and shows when to not depend on forecast alone but let market prove its self first. I’ve been around trading along time but still picked up good idea’s. I particularly liked the use of the Stoc-Rsi indicators in the analysis.
Kobe Mercado (verified owner) –
Outstanding work that combines Elliott Wave, Fibonacci retracements, and momentum indicators to provide high probability setups. It’s a very candid and practical course that covers in a detail others lack proper position sizing, stop placement, and – most importantly – clearly defined exit strategies.
Kannon Little (verified owner) –
A book that actually gives you a concrete plan for trading the markets. Everything I’ve purchased from Dynamic Trading has been an outstanding value in an industry full of overpriced, over-hyped material, this is a quality, professional product. Well worth it.
Alaina Leal (verified owner) –
The author has more than twenty years experience teaching trading and is a specialist in forex, stocks and futures. The book is aimed at intermediate to advanced readers. It goes straight into the author’s recommendations about how to use Elliot Wave theory and fibonacci retracements. Instead of using RSI, MACD or Stochastics in the examples in the book, the author uses the DTOSC or Dynamic Trader Oscillator which is the author’s proprietary software. This in itself isn’t necessarily a bad thing as the author states that it behaves like a combination of RSI and stochastics but it does perhaps give the feeling that the author is trying to promote his own software.
The worst thing about the book is that it is difficult to read. Many charts are on a different page to the text/explanation which is itself rather dense and hard to follow. Furthermore, the author uses a lot of jargon, abbreviations and acronyms making the task even more difficult. Finally, the writing style is to have a lot of dense verbiage with the conclusion or point of the section right at the end leaving the reader to wade through a lot of text to discern the point of the section. Perhaps I am not an advanced enough trader to benefit from it. I will certainly return to this book later after I have gained more experience trading.
Mckinley Villarreal (verified owner) –
This is the best book on trading strategies that I have ever read and I have read many. The presentation is clear and concise and, most importantly, easy to understand. The author takes you step by step though the method. The book gives the reader a strong foundation and a real sense of confidence for the very difficult task of actual trading. I recommend this book as a MUST for beginning traders and as an extremely helpful adjunct for more advanced traders.
Leif Herring (verified owner) –
In “High Probability Trading Strategies,” Robert C. Miner provides a comprehensive guide to trading the Forex, futures, and stock markets. The book covers the technical analysis tools, trading psychology, and risk management strategies required for successful trading. Miner’s writing style is clear and concise, making the complex concepts easy to understand.
The key concepts explained in the book include trend analysis, chart pattern recognition, and Fibonacci retracements. The author emphasizes the importance of creating a trading plan and sticking to it. The book also covers the use of indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) for market analysis.
The book is highly effective in teaching the subject matter, with practical examples and exercises provided throughout the book. The author’s unique approach to trading strategies focuses on the use of probabilities rather than predictions, making it an invaluable resource for both novice and experienced traders.
One of the most helpful aspects of the book is the author’s discussion on trade management and how to exit trades. The book also covers the use of money management techniques such as position sizing and stop-loss orders.
The only area where the book could be improved is in the author’s use of technical jargon, which may be confusing for readers unfamiliar with trading terminology.
Overall, “High Probability Trading Strategies” is a must-read for anyone interested in trading the financial markets, regardless of their experience level. The book provides a practical and expert perspective on trading strategies that can be applied to various financial markets.
Vincenzo Rangel (verified owner) –
After reading this book I reviewed my open trades and applied the strategy analysis to each. The market had just went through a few days of correction. I could see I was on the wrong side of the market after buying the dip (not taught in the book!). Rather than just close out I was able to determine a counter trend move was likely and placed orders to exit at the most probable resistance zone. Even if the market rebounds through my orders to exit it is not an issue, just by applying the dual timeframe analysis I could see I probably had no business being in these trades at this time.
Prior to reading this book I had been trading for about 5 years and did have some Elliott Wave knowledge. I think the author really does provide a strategies that will work. After all, he was a world champion trader.
Kenji Grant (verified owner) –
In 18 years of trading and reading several books and developing my own strategies this is the first book that teaches you how to make objective decisions and by applying the principles, negating your emotions.
Noemi Brennan (verified owner) –
I don’t write many reviews and I am certainly not a beginner trader. I can’t stress enough how helpful this book has been and how I wish I had found it while I was in the earlier stages of my trading career. This book is clear and provides actual concrete ideas to consider for implementing in your own trading. It’s not all smoke and mirrors concepts that sound great but don’t really apply too much to anything in particular. 10/10. Will keep in my trading bookshelf for years to come.
Yousef Little (verified owner) –
a book on trading strategies
Harley Haley (verified owner) –
Great book