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Thread: what is high probability trading?

  1. #1
    Trader Killer_Queen's Avatar
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    what is high probability trading?

    this is my second thread and you can find my first one which also has some relations with this one here with the link http://forum.roboforex.com/threads/2...ategy-on-forex . it is another discussion which talk more about trading in deep thinking, not just from following signals from indicators or our strategies. in a nutshell, we will be trading in value with market.

    what is high probability trading really mean? according to my view, it is when we have all the good aspects in trading which we have been prepared for months or years of learning and practice. it is not an instant process and of course we need to remain as patience as possible until we really understand all things about trading from its basic to the core. as another note to remember, we may learn many things but only choose to learn things we really need in trading and suitable according to our ability to understand.

    high probability of trading can be defined when trader has:
    1. more than 50% success ratio.
    success ratio would only increased when we able to trade carefully and follow our analysis in high discipline. as long as we stick to the plan, things will go smoothly. remember not to look after holy grail system or such thing as perfection in this business because it is just a wishful thinking, not a reality.

    2. trade with higher reward and smaller risk.
    it is obvious to know this as good traders would be defined as good ones unless they can limit their risk into minimum amount and make stable profits. not so big but at least we make it consistently even the amounts are small.

    3. patience to wait until market gives us patterns to follow.
    never and ever create your own opportunity with market because it will not tolerate any of us here for any reasons unless we wait in patience and use our strategy in correct way.
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    4. we trade on what we see on market, not what we think and what we read on internet.
    focus on our own analysis first. do not let other things outside to bother our concentration in trading. we may look out for news information on internet but try to avoid rumors there. use your own calculation both in news and technical trading.

    5. is the price at the high probability zone?
    we need to know this and we can simply check this zone through support and resistance levels. previous support could be the current resistance levels so pay attention to this. things about support and resistance are not fixed as they are changing as market moves in time.
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    6. do we got another confirmations from different techniques or strategies?
    let me give some examples about this. we use couple indicators to trade such as zig zag, macd, and rsi. according to zig zag, we see market is trying to move up. unfortunately another indicators tells things differently and we are suggested to wait for more movements. so according to this point, we must wait until 3 of indicators gives us full clearance about market.

    7. is the price in the trend or sideways?
    this is pretty easy to do and we do not need any specific indicator. try to observe market in daily or weekly time frames. usually when market moved in one direction and never break trend lines or channels, it means market is on trend. otherwise if market has small to average movement, it means market is consolidating.
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    8. is the price move along with our fundamental or technical analysis?
    before this, we must decide first which type of analysis we want to do and follow. when we decide to trade with fundamental , then try to understand market in fundamental way. and so when we choose technical analysis. when our analysis gives us signal to enter, we must not hesitate and take it. never trade without having a single analysis to support us first.

    all these 8 points above seems too common to know but actually they are being avoided many times by traders because they do not consider them necessary things to evaluate and to learn. what about you guys? do you have your own idea about how to trade in high probability? please write your comments below and let us discuss it.

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  2. #1651
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    The Market itself is uncertain most of the time as Price movement is always inbalance as a result of an opinion ,belief between the trader and the seller.The idea about this kind of trading method is trading multiple pairs to have a higher probability of a win trade . Considering the fact that you take 8 trades a week and 3 were lose while 5 hit your take profit than putting all trade in one pair is a higher risk to do that.

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  3. #1652
    Trader famousfx's Avatar
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    When we are talking of high probability trading, it is a type of trading that the trader himself is going to have a rest of mind after that order had been placed, the reason being that we are trading probability in Forex market, the more work we do in our analysis the better the sure trade we have.

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  4. #1653
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    High probability trading is nothing but the way of trading which is based on strong and help us to have more profits than the losses. Actually when we learn some strategy we can find out the good levels in the market where trades can be entered. Those who can learn a profitable strategy can have good future in Forex and those who cannot, should actually find something else to do.

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  5. #1654
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    There are whole lot of things to obtain before we can have those higher probability trading method, one of it is personal discipline. Because when a trader is not disciplined that is when they don't get to be focused on the use of one trading strategy, a trader who is focused gets to be disciplined, follows one trading strategy and then learn the trick on increasing profits.

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  6. #1655
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    High probability trading actually means taking trades with the highest chances of winning,we have trading system or indicators that generates signals and sometimes they generate signals that are not too strong,when we see strong signals then we know the chances of winning such trades is high,that is high probability trading.

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  7. #1656
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    To received strong market trend signal and own experience help us to make high profitable trading strategy for trading however you can easily get good earning from this forex. If you can spend more then time to learning and practice for trading then you should easily choose strong or profitable strategy for trading business to get good profit.

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  8. #1657
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    Quote Originally Posted by BOSST View Post
    High probability trading actually means taking trades with the highest chances of winning,we have trading system or indicators that generates signals and sometimes they generate signals that are not too strong,when we see strong signals then we know the chances of winning such trades is high,that is high probability trading.
    I want to be making the high probability trading, so that all my trading deals will be of quality, this is what i know that could bring the best results to me as well. I know that there are many good trading systems in the market, this is still not a guaranty that they will get to make success for traders. To trade the market needs us to trade careful as well, this is important.

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  9. #1658
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    The higher probability trade is results of an actual and stronger working system because if the working system is accurate and free from any risks then we can take the knowledge about them and earning success very surely also are the important ways for earning success and get the higher probabilities for winning success on the daily basis .

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  10. #1659
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    If you want to become successful, learning is the first thing you need to do, forex trading is very risky and for us to survive in this market we must spend quality time to learn and understand the business well before we can have higher chances of earning good amount of money, if we don't understand this business well enough it's won't be possible for us to achieve success.

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  11. #1660
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    Higher probability means those trades which you see and then you have got to know within you that they will really get to move the market. But knowing this takes you to making use of one trading strategy for a very long time that you get to master it, only when it has been mastered and fully learned, only then can the trader be able to have such a method which they can make use of in trading and have an increased successful rates.

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