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My top 3 Candlestick patterns for high-probability trading 1. The Engulfing Pattern A 'bullish engulfing' candle pattern is formed in a downwards moving market when a bullish candle (one that closes higher than it opened) 'engulfs' the body of a smaller bearish candle that immediately precedes it. Provide high probability approaches to trading both trend and countertrend setups but they are by no means a surefire guarantee of success. No trade setup is ever 100% accurate.

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Preview — High Probability Trading by Marcel Link

A common denominator among most new traders is that, within six months of launching their new pursuit, they are out of money and out of trading. High-Probability Trading softens the impact of this 'trader's tuition,' detailing a comprehensive program for weathering those perilous first months and becoming a profitable trader.
This no-nonsense book takes a uniquely blunt loo
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Published April 7th 2003 by McGraw-Hill Companies (first published March 17th 2003)
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BMT members' Recommendations
168 books — 16 voters

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Mar 11, 2016Drew Beyersdorf rated it it was amazing
Easily the most informative beginners book to trading
Jul 01, 2010Stephen Chung rated it really liked it
Shelves: business-economics-commerce, non-fiction
Aug 14, 2018Alan Lattanner rated it really liked it
High Probability Trading is an excellent book to help traders to transition from losses to profits. Link focuses squarely on the target zone composed of 1) addressing and overcoming common mistakes, and 2) building the kind of systematic approach to trading that successful professionals employ. Each chapter ends with a section entitled 'Becoming a Better Trader' that summarizes key points and offers a set of questions to ask yourself to determine whether you truly understand the best practices d...more
I would re-title this book to read, 'Basic Trading Concepts'. The book is nicely put together and does provide a good deal of information but the title is totally misleading in my opinion. Most of the material provided is general trading knowledge and not specific 'high probability trading' methods. I was expecting actual techniques and specific entry and exit systems. If you're new to trading, this book will give you the basics. If you have been trading awhile, this book is mostly milk and no m...more
Good book for beginner/novice trader . Talks about trends, trend lines, oscillators, indicators how to use them, basics of risk management, trade with the trend, etc
Did touch upon trading psychology part but not in much details.
For professional or those who are already trading, may skip this one...
Sep 10, 2019John R. Custer PhD rated it it was amazing · review of another edition
A complete intro & then some
The author provides inights to trading that are both broad & deep. An excellent read. The section on backtesting is particularly useful.
Trading
Apr 26, 2018Gurmukh Sandhu rated it really liked it
Basic strategies that have no complicated rules to follow. It was a pretty easy read and really not applicable to algorithmic trading era.
low level reading last chapter ok
Jun 23, 2013Susan Gast rated it it was amazing
I really enjoyed Marcel's book. Showed proper stop placement on ascending triangles and such like. One of the best books on trading I've read.
Jun 05, 2016David rated it it was ok
Just another mundane book on TA and a repeat of what a 100 or more what other books say. Save your money.
Jan 17, 2011Richard Sarver rated it it was amazing
Very strong, no nonsense processes to improve trading proficiency. The methodology is sound.
Oct 10, 2011Teddee rated it really liked it
Good tips on getting your trading head straight, sticking to high probability situations, and avoiding low probability situations that are the downfall of many traders
Devon Hamilton rated it it was amazing
Mar 24, 2019
Songkit Sripinyo rated it it was amazing
Apr 19, 2018
Erich Kohlhöfer rated it really liked it
Oct 17, 2013
Michael Sandjaya rated it it was amazing
Jun 11, 2019
Jaroslaw Pytko rated it it was amazing
Mar 05, 2016
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“Some gaps are caused because as the market approaches a level of support or resistance or a previous high or low, there will be an abnormally large number of stops just outside that area. When those stops get hit, it can cause a sharp move in the market, resulting in the gap.” — 0 likes
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