HIGH PROBABILITY TRADING SETUPS FOR THE CURRENCY MARKET BY KATHY LIEN, BORIS SCHROLOSSBERG.
This book is designed to help you develop a logical, intelligent approach to currency trading. The systems and ideas presented here stem from years of observation of price action in this market and provide high probability approaches to trading both trend and countertrend setups but they are by no means a surefre guarantee of success. No trade setup is ever 100% accurate. That is why we show you failures as well as successes so that you may learn and understand the proft possibilities, as well as the potential pitfalls of each idea that we present. However, before we reveal the setups, we would like to share with you our 10 favorite rules for trading success. Having watched the markets on a tick-by-tick basis 24 hours a day, year after year, we, perhaps more than anyone, appreciate the fact that trading is an art rather than a science. Therefore, no rule in trading is ever absolute (except the one about always using stops!) Nevertheless, these 10 rules have served us well across a variety of market environments, always keeping us grounded and out of harm’s way. Therefore, we hope that you fnd both the rules and the high probability setups of interest and value in your pursuit of proft in the currency markets.
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