5 stars based on
Are you prepared to high probability trading strategies pdf marcel link years learning the successful art of trading? That is what the path to successful trading looks like to those that have travelled the rocky road of trading, like Marcel Linkwho wrote the highly acclaimed High Probability Trading Book.
What do bad traders do that high probability trading strategies pdf marcel link traders avoid, and what do winning traders do that is different? Marcel Link is a real trader trading real funds and has a simple, down to earth way of explaining it. New traders will benefit greatly from Marcel Links teachings. Older, wiser traders can pick up the many nuggets of gold he sprinkles throughout his book. High Probability Trading will enable you to be very clear on your trading edge before placing your next trade, ensuring the odds are in your favour.
High probability trading covers the essential components of successful trading and then some like:. In particular, if you apply the stochastics indicator to all your charts, then read Chapter 7. Marcel now only covers how to use oscillators successfully, but he covers six different ways to use the stochastic indicator.
Then he offers 5 different ways to use and apply the RSI to your trading systems. You will notice in the chart above, both the RSI and stochastics have been applied, but they are almost identical in what they show.
He has another 5 ways to maximise the MACD when trading the high probability trading strategies pdf marcel link. What stands Marcel out from many others is the depth of his understanding.
You have absolutely no doubt Marcel has not only used these indicators, but applied them all in real time with real trading capital.
Divergence occurs when the market you are trading makes new highs but the oscillator Stochastic or RSI moves lower. This is a bearish divergence. As I write this review, I just noticed a bullish divergence straight after the bearish divergence. You will notice the lower low on the chart but the stochastic made a higher low. There you have bullish divergence in action.
At the end of every chapter, Marcel highlights what it takes to become a better trader. He reviews how you can use the skills he just taught you in your trading strategy. Depending on what he is covering, he will outline the mistakes people make using those tools. Plus he will show you the high probability methods to use them or how to make the most out of the new skills.
The smart way to review the book is to flick to the back of each chapter. For serious active traders share traders, High probability trading strategies pdf marcel link traders, futures traders, Forex traders or options tradersHigh Probability Trading will need to be read at least once a year as you develop your trading skills.
As you become a better trader, the book takes on a whole new feel, and you will gain so much more from reading it regularly. High probability trading strategies pdf marcel link you will find most refreshing about this book is the lack of hype and inflated promises of how rich you will become. Instead, Marcel Link documents what it takes to become a patient and consistently profitable trader. Read it and most importantly implement the key strategies and mindsets that many winning traders display.