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Entries in high probability trade setups (1)

Tuesday
Mar262013

High Probability Trade Setups

Use High Probability Setups To Increase Your Winning Trades

There are those rare individuals who can just look at a market, size it up, put on a trade and knock it out of the park. Are you one of those guys? Me either. I thought I was. In fact, I was certain of it, so I would open my charts, have a look around and take a stab at it.. and then another, and another.. until my account looked like Swiss cheese. Finally sanity overwhelmed me and I decided there had to be a better way. 

Turns out, the better way was learning to recognize a High Probability Setup. So how does one define a high probability setup? Basically, it's about entering the market at a specific price either long or short, where the odds are greater that price will travel to your Target before it hits your Stop.

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