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Using a combination of high probable trading strategies you can reach an exceptional trading performance. In this type of trading you get help from all solid trading signals including chart patterns, volumes, price dynamics, currencies correlation, traders sentiment etc. to decide on very accurate trading opportunities.
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PartIII TheUltimate ForexTrading System 69
20.HighPerformanceTrading Highperformancetradingisinfactatradingstylethatyou takeadvantageofacombinationofvarioushighlyprobable strategies(thatwerediscussedinprevioussections)inyour trading.Forexample,insteadofusingonlyonegoodbullish patternsuchasasandwichortriangletoenteratrade,at thesametimeyouchecktraderssentiment,possibleprice rejection(s), hourly correlations, considerable changes in volumeandsoon.Moreentrysignalsyoutakeintoaccount inyourtrading,youwilleventuallycometoamoreaccurate tradingdecision.Intheory,theaveragewinningprobabilityof aperfectsinglesignalis0.7.Ifyouenteratradeaccordingto aperfectheadandshoulderspatterningoodtimeandgood place,thechanceofwinningwillbe70%.Ontheotherside thereisa30%chanceoflosingthistrade.Accordingtomy experience,theseaveragewinning-losingchancesaretrue for all perfect patterns, price rejections, volume-price signals,correlationopportunitiesandotherhighprobability signals.Now,thinkaboutcombiningafewofthesetrading signals at the same time in your trading. For sure, your chanceofwinningwillbecomehigherandyoucantakeyour tradingdecisionwithhigherconfidence.Ifyouconsidertwo signalsduringyourtradetheprobabilityoflosingwillbe (0.3/0.7x0.3/0.7=0.18)oryourtheoreticalwinningratewillbe 82%.Ifyoutakeintoaccountthreesignalstoenterina 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,thesearetheoreticalfiguresandintheend 70
your experience, skills and your psychological control will determinehowmuchyoursuccessratewillbe.But,without doubtyoucanseethatacombinationoftradingsignalswill greatly enhance the accuracy of your trading and the winningratioofyourtrades.Also,asIwilldiscussinthe chapter about psychology of trading, being more certain about your trading decision, will help you to lessen your stressandbepsychologicallymorereadytomanageyour tradetoawinningend. In the following examples I have tried to illustrate the advantagesofhighperformancetradingusingsimultaneous combinationofafewtradingsignals.Onthepictures,figure1 referstoapatternsignal,figure2referstoacorrelation signal and figure 3 refers to a volume spike signal. Coincidenceofallthesesignalstellsusthatwecanentera veryhighlyprobabletrade. Figure20.1Highperformancetradingopportunity 71
Figure20.2Highperformancetradingopportunity Figure20.3Highperformancetradingopportunity 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: You Can Download This Book Here: