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.