This book is unique. Unlike most trading books, it will teach you a complete trading plan from entry to exit. There are many examples of well-chosen configurations and strategies of isolated trade, but how to recognize optimal trading conditions, strategies of objective entry with the exact price of entry and
exit, and how to manage trade with stop-loss adjustments to the exit of operations.
Most trade books focus on some techniques and show a plethora of examples carefully chosen to support what is taught. Some of the phrases that are used frequently are: "I could have bought here or made a profit here"; "Depending on whether you are a conservative or aggressive trader, you could do it ... (this or that)"; "Markets generally fluctuate around the band of volatility, which is a good place to buy or sell"; and many more non-specific statements.
Brokers do not receive orders "around this or that price level". They only take orders for specific prices. There is no conservative or aggressive trader. There are only operators who follow a trading plan or not. Perhaps doing this or that "around" a volatility band or any other indicator or chart position is not a business strategy. A commercial strategy is a specific action to take, which includes the specific price of purchase and sale. In other words, the worthwhile instruction will teach you exactly what to do and how and when to do it.
While many trade books teach some useful business techniques or at least provide some ideas to explore, it is very unusual for a book or any other type of trading course to teach you exactly what to do, from how to recognize a business opportunity to the exact price of a business. entry and stop, and how to manage the trade until it closes.
That's what this book does. It will teach you a high probability commercial plan with specific strategies from entry to exit. The most important thing is that it will teach you to think about the four key factors of moment, pattern, price and time; how to recognize what useful and relevant market information can be used to make a specific business decision; and then how to execute business decisions from the entrance to the exit.
The business strategies you will learn in this book can be used for any market actively negotiated and in any time frame. Actions, quoted funds (ETF), futures and Forex examples are used. The same market structure is carried out day by day in all these markets and in all time frames, from monthly data to intraday. If an example is not a market or time frame that normally operates, ignore the symbol and focus on what should be learned. The strategy taught will apply to all markets and deadlines.
Content:
CHAPTER 1 High probability commercial strategies for any market and any time frame
Any market, any time frame
Conditions with a high probability result
Leading and lagging indicators
What you will learn in this book and CD
Let us begin
CHAPTER 2 Multiple moment strategy in the time frame
What is Momentum?
Multiple strategies at the moment in the time frame
The basic double time frame momentum strategy
Momentum Reversals
Most of the price indicators represent the exchange rate
Momentum and price trends often diverge
Momentum strategies how dual time frame work
Which indicators to use for the multiple time frame
Momentum strategies
What are the best settings to use indicators?
Time frame dual moment strategy rules
Dual Time Frame Momentum Strategy Commercial Filter
CHAPTER 3 Practical pattern recognition for trends and corrections
Why is it important to identify a trend or correction?
Simple pattern recognition based on Elliott Wave
Trend or correction: the overlay guide
ABC and Away We Go
Complex corrections
The overlay is the key to identifying a correction
Trends and patterns of five waves
Greater in time and price
Fifth wave is the key
Momentum and pattern position
Momentum and pattern are not enough
CHAPTER 4 Beyond Fib Retracements
Internal setbacks and corrections
Alternative price projections qualify internal
Setbacks
More alternative price projections
External retracements help identify the final section of
a Trend or Correction
Pattern price goals
Price, Pattern and Momentum
Without excuses
CHAPTER 5 Beyond the traditional cycles
Time reversals and corrections
Alternative time projections reduce time
Receding range
More time factors
The time target zone
Time Bands
More time factors
conclusion
CHAPTER 6 Entry Strategies and Position Size
Entry strategy 1: Entry and stop of a single section
Entry strategy 2: swing entry and stop
CHAPTER 7 Exit strategies and commercial management Negotiation of multiple units
Reasons for risk / reward
Exit strategies
Commercial management
Operate only the high probability, optimal configurations
SECOND PART Negotiating the plan
CHAPTER 8 Real Traders, Real Time
Adam Sowinski (Slorzewo, Poland)
Jagir Singh (London, United Kingdom)
Cees Van Hasselt (Breda, The Netherlands)
Kerry Szymanski (Tucson, Arizona)
Derrik Hobbs (Warsaw, Indiana)
Carolyn Boroden (Scottsdale, Arizona)
Jaime Johnson (Encinitas, California, and
Bogata, Columbia)
Summary of the chapter
CHAPTER 9 The business of commerce and other matters
Routines and business records
Why traders win or lose
Technology, negotiation time frames, markets to negotiate and leverage
Operate by points, not by ticks
You can not buy the success
CAN be a successful trader
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