What makes a setup “HIGH PROBABILITY” to you?

[Xela]

I treat all trades equally .

I sometimes wish I could afford to do that.

Do they all treat you equally?

 

[FX xtc 2]

Do they all treat you equally?

For the most part ..yes. Occasionally I get into an argument with a trade.. invariably I'm at fault .. and we're not even married !

 

[jl1575]

Watching this video can be insightful. Consider the length of the pendulum wire is the trading frequency of a particular strategy/set-up.

There’s trending and there is overlap of trends (which can be consider sideways or chop).

Each strategy is independent from the others yet at times coherent to the overall perception of directional movement.

The concepts one uses of FA/TA build the structure by which one perceives market movement.

How fascinating! Thanks.

 

[qxr1011]

I treat all trades equally .

 

[qxr1011]

===What makes a setup “HIGH PROBABILITY” to you?==

all trades by the method are high probability trades, otherwise they would not be part of the method

everything outside of the method - low probability trades (for me), so i do not do them

what rules (setups) included in the method ? - only those which I determined do work most of the time

how did i determined that? - Live+paper trading observations...

eventually one sees (or at least I see ) repeating patterns..

observing the patterns behavior one should eventually discern whats behind it, how and why they form the way they form, and based on that come to certain conclusions which in turn will define the rules of the method

Xela is right - what really works should work in any instrument or time frame, any data (that's why those constant searchers here by many for true data are laughable)

 

[lcranston]

Strong trend? Lots of factors in your favour? Technical + fundamental confluence? Divergence? Strong levels?

Those that are based on behavior: double tops/bottoms, higher lows, lower highs, retracements, reversals, etc

 

[maxinger]

for some coaches, it means 100% accuracy trading system.

 

[murray t turtle]

I believe my edge increases when most long/short traders have puked out in very high volatility/volume events. Those that preserved capital and have no recent pain/fear tied to the move can clean up on others mistakes. The impatient crowd jumps in to soon and gets clobbered in violent whipsaws. The more skilled traders are looking for a few rinse cycles to fakeout/shakeout the last of the weak hands prior to a big directional move. Reward/risk can hit extremes, these are the conditions ripe for a 500-10,000+ basis points for those that hold positions, skilled day traders are going to do well to of course. These extremes market conditions are the reason I trade period.

I don't believe in high probability in trading - I see it as skewed reward/risk & opportunities.

I was thinking the same thing[extremes];
especially from study of an old tek chart named EXTREME ....LOL. NOT a stock tip ;iamnew91its easier on an ETF like QQQ. On a single stock , have to look @ more than 91 things LOL. But since 2015 was a down year................................................................................... figuring today would be mostly down. So if it closes up again that tells me a lot, again