October 2008
Intermediate to advanced
285 pages
7h 52m
English
Content preview from High Probability Trading Strategies
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
CHAPTER 4
Beyond Fib Retracements
High Probability Price Targets for Support/Resistance and Trend Reversal
In this chapter, you will learn new and unique ways to project in advance very narrow-range price targets for any market condition. The Dynamic Price Strategies you learn will put you miles ahead of traders who only use typical Fibonacci retracements.
Are you ready to learn how to identify in advance narrow-range price zones for trend and countertrend reversal? I'm not talking about just identifying support and resistance. I'm going to take you beyond simple support and resistance and teach you how to project high probability trend reversal price targets for any market and any time frame. That's information every trader can use every day and make an important part of a trading plan.
Many trading books talk about Fibonacci (Fib) retracements and imbue them with magical properties that will result in endlessly profitable trade strategies. Fib retracements by themselves can be useful, but they are only entry-level price strategies compared to the more comprehensive Dynamic Price Strategies you will learn in this chapter. Fib retracements are only one type of price technique and fail to include key ratios for a complete price strategy approach.
Most trading software includes a Fib retracement routine. While many corrective highs and lows are made at Fib retracements, most traders have not been taught how to identify in advance which retracement is likely to be support, resistance, ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.