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HIGH PROBABILITY TRADING STRATEGIES FOR ANY MARKET AND ANY TIME FRAME

PRICE, PATTERN, AND MOMENTUM If price strategies were able to pinpoint the exact support, resistance or trend reversal at every market reversal, that is all we would need to make a trading decision. While the Dynamic Price Strategies you learned in this chapter are the most quick, easy, and reliable of any price strategy I have devised or seen from other traders or educators for the past 20-plus years, not every high and low is made right on a key price target identified in advance. If we don’t make trade decisions based solely on the price position, how do we use these support, resistance, and trend reversal strategies as part of a complete trading plan? In the previous two chapters you learned about the momentum and pattern factors. I want you to see how we are building up a complete trading plan, step-by-step in each chapter. So let’s take a look at just a couple of examples of how the momentum, pattern, and price factors all work together to set up conditions for a high probability trade. Figure 4.21 is the XAU daily close data that was used earlier to illustrate the price projections for an end-of-Wave-C target. I only show two of the projections that are part

FIGURE 4.21 Price/Momentum Reversal

Profile for ERIC  Hunt

(wiley trading) robert c miner high probability trading strategies entry to exit tactics for the for  

(wiley trading) robert c miner high probability trading strategies entry to exit tactics for the for  

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