WHEN THE CONDITIONS WITH A HIGH PROBABILITY OUTCOME

The objective of any trade strategy is to identify conditions with a high probability outcome and acceptable capital exposure. You will learn the four main factors of any market position and how to identify if each is in a position for a high probability outcome. When a market is set up for change from four different perspectives, the trader has an enormous edge, much more so than if only one or two of the factors are in the same position. To win in the business of trading, just as in any other business, you must have an edge. The edge you learn in this book is to recognize when a market is in a position to complete High Probability Trade Strategies for Any Market and Any Time Frame 5 a correction or a trend so you can enter a trade at the end of a correction in the direction of the trend or in the very early stages of the new trend and sell in the very late stages (often within one or two bars of the low or high).

Just as a farmer must know the optimal time to plant and harvest a crop, the trader
must know the optimal time to buy and sell a position. Buying or selling too early or too late can result in, at worst, unacceptable losses or, at best, not maximizing the return

from a position. The trader must clearly understand the relevant information about the
market position to recognize the optimal conditions to buy or sell. Markets can seem very complex. The plethora of relatively inexpensive trading software
available with hundreds of studies and indicators can overwhelm a trader with
often conflicting information, making it difficult to focus on the relevant information
needed to make a confident trade decision.

The high probability approach taught in this book recognizes four market perspectives: multiple time frame momentum, simple pattern recognition, price reversal targets, and time reversal targets. The information from any one of these four perspectives could be overwhelming. But in this book, you will learn how to focus on just those few bits of relevant information from each perspective that should quickly identify both the market position and whether a market is in a high probability position for a trade.

I rarely do live workshops, but when I do I present a special exercise at the end of
the session. I tell the students that I can apply what I have taught them to any symbol,
including stocks, ETFs, futures, or Forex, and it will take three minutes or less to process

all of the information needed to identify whether the symbol is in a high probability
position for a trade setup or what that particular market must do to become a high probability trade setup. I have the students write any symbol on a piece of note paper. We collect them in a hat and I draw them out one by one. In less than three minutes, I apply everything I have taught them and arrive at a conclusion what is the probable market position of the symbol and the specific trade strategies. You, too, will be able to do this after you have studied this book and viewed the CD examples.
If a trader focuses on just the limited, relevant information needed to make a high
probability trade decision, the chance of success is great.