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HIGH PROBABILITY TRADING STRATEGIES FOR ANY MARKET AND ANY TIME FRAME

FIGURE 5.20 High-to-High Counts with Outlier Count

Note that I frequently stated, “If the recent time rhythm continues . . . ” No matter how narrow the range of the recent cycles, we never know if the next high or low will continue the recent time rhythm, so I’m always careful what I say—which reflects what I believe. As stated over and over again through this book, every trade strategy or technical analysis approach only has a probability of divining what the future holds. In this case, a market could make a high earlier or later than the Time Band, but since the Time Band was made based on the recent time rhythm, we have to consider that it will probably continue and the next high or low has a high probability of being made in the Time Band. A high probability outcome is the absolute best we can expect. It is enough to use for low-risk, high probability trade strategies. Time Bands are a very logical and effective approach to identify in advance high probability time targets for any market and any time frame to make highs and lows. If you include Time Bands as part of your trading plan, I know you will find them extremely

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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