PDF Archive

Easily share your PDF documents with your contacts, on the Web and Social Networks.

Share a file Manage my documents Convert Recover Search Help Contact



high performance forex trading make 3500 pips a month .pdf



Original filename: high-performance-forex-trading-make-3500-pips-a-month.pdf

This PDF 1.4 document has been generated by PDFium, and has been sent on pdf-archive.com on 21/06/2017 at 19:30, from IP address 188.158.x.x. The current document download page has been viewed 550 times.
File size: 1.2 MB (5 pages).
Privacy: public file




Download original PDF file









Document preview


Part III
The Ultimate
Forex Trading
System

69

20. High Performance Trading
High performance trading is in fact a trading style that you
take advantage of a combination of various highly probable
strategies (that were discussed in previous sections) in your
trading. For example, instead of using only one good bullish
pattern such as a sandwich or triangle to enter a trade, at
the same time you check traders sentiment, possible price
rejection(s), hourly correlations, considerable changes in
volume and so on. More entry signals you take into account
in your trading, you will eventually come to a more accurate
trading decision. In theory, the average winning probability of
a perfect single signal is 0.7. If you enter a trade according to
a perfect head and shoulders pattern in good time and good
place, the chance of winning will be 70%. On the other side
there is a 30% chance of losing this trade. According to my
experience, these average winning-losing chances are true
for all perfect patterns, price rejections, volume-price
signals, correlation opportunities and other high probability
signals. Now, think about combining a few of these trading
signals at the same time in your trading. For sure, your
chance of winning will become higher and you can take your
trading decision with higher confidence. If you consider two
signals during your trade the probability of losing will be
(0.3/0.7x0.3/0.7=0.18) or your theoretical winning rate will be
82%. If you take into account three signals to enter in a
trade
the
losing
probability
will
be
(0.3/0.7x0.3/0.7x0.3/0.7=0.08) or your winning rate will be
92%. However, these are theoretical figures and in the end
70

your experience, skills and your psychological control will
determine how much your success rate will be. But, without
doubt you can see that a combination of trading signals will
greatly enhance the accuracy of your trading and the
winning ratio of your trades. Also, as I will discuss in the
chapter about psychology of trading, being more certain
about your trading decision, will help you to lessen your
stress and be psychologically more ready to manage your
trade to a winning end.
In the following examples I have tried to illustrate the
advantages of high performance trading using simultaneous
combination of a few trading signals. On the pictures, figure 1
refers to a pattern signal, figure 2 refers to a correlation
signal and figure 3 refers to a volume spike signal.
Coincidence of all these signals tells us that we can enter a
very highly probable trade.

Figure 20.1 High performance trading opportunity

71

Figure 20.2 High performance trading opportunity

Figure 20.3 High performance trading opportunity

72

What you read is a free sample of “The Ultimate
Forex Trading System-Unbeatable Strategy to Place
92% Winning Trades.” From this book you will learn
top 8 Forex trading strategies (92% winning rate),
the best money and risk management method, high
performance trading and the best advice to control
your psychology during trades. All required tips to
become a successful trader are included in this book.
You Can Download This Book Here:


Related documents


PDF Document high performance forex trading make 3500 pips a month
PDF Document money and risk management in forex trading
PDF Document stock market trading
PDF Document binary options pro signals 1338
PDF Document forex trendy2
PDF Document fury ride big trends on stocks with options


Related keywords