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High Probability Trading Strategies by Robert C. Miner

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Foreword

I met Robert Miner not long after the market crash of October 1987. I reluctantly went to a trading conference in downtown Chicago where he was one of many speakers. I was reluctant to attend the conference because I had recently lost my cushy job at the Chicago Mercantile Exchange where I had been managing a floor trading operation, working with institutional clients in the financial futures markets. Fortunately, I decided to attend the conference, which ended up opening the door to whole new career in the trading industry.

I had heard about Fibonacci retracements before, but only as they were applied to the price axis of the market. I remember the exact area of the room where I sat when Bob gave his presentation and illustrated, among other things, a very simple example of Fibonacci applied to the time axis of the market. I swear it was just like the proverbial light bulb went on above my head, and part of me knew that this was the key to my future. It was an “aha” moment.

I was so fascinated by Bob's presentation, I made my way over to his booth in the expo hall and told him how much I enjoyed his presentation. This led to shooting a couple of games of pool over cocktails, and that was the beginning of our friendship that has lasted over the years.

When I started studying Bob's work, I was so fascinated that I would work on my paper charts with a pencil, calculator, and proportional divider every chance I got. I did not own a computer at the time. Through this almost ...

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