By Robert C. Miner
"Robert Miner's new publication may be at the 'must have' record for any dealer. one in every of Robert's detailed and useful options is his Dynamic Time technique to venture industry reversals in any time-frame. After a twenty-five-year friendship with Bob, i will truthfully say that he's a consummate industry timer."
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"Robert Miner's entire fee, trend, time, and momentum options amply reveal he's a grasp technician and dealer. it is a must-read for an individual drawn to the sensible software of Elliott Wave, Fibonacci, and Gann buying and selling techniques."
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"Bob Miner has been my mentor for years and keeps to teach me in a no-nonsense style. This new publication might help the dealer refine his buying and selling entries and create a potential buying and selling plan. i'm thankful for every little thing I've realized from him over the years!"
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"High likelihood buying and selling options is a realistic no-hype advisor to doing what's worthy for lasting good fortune as a dealer. Robert bargains those people who are dedicated to studying to alternate good either stable recommendation and the categorical information frequently ignored by way of different authors and educators."
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"Robert shook up the buying and selling scene along with his first e-book, Dynamic buying and selling, which was once commemorated as our 'Book of the Year' in 1997. His new publication, excessive chance buying and selling options, is both invaluable and a must-read for all severe traders."
—FRANK ANTHONY TAUCHER, writer of The Supertrader's Almanac/Commodity Trader's Almanac
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Additional resources for Practical Pattern Recognition for Trends and Corrections
We at first suppose a correction could be at the very least 3 sections, or an easy ABC. it may possibly no longer end up that method. A correction may possibly ultimately proceed to a posh corrective development yet we by no means comprehend that prior to time. We make an assumption in accordance with the minimal expectancies. such a lot three-section corrections are whole within the 38. 2 to sixty one. eight% time retracement area. that's our first concentration of consciousness. This time quarter could be really large, reckoning on the time variety of the previous pattern. the target is to exploit the trade time projections and low-low or high-high time projections to aid slender the rather extensive region. determine five. 7 Low-Low Time diversity as soon as sections of a possible correction are whole, the 62%, and 162% exchange time projections should be made. the following swing low and strength finish of the correction is probably going to fall on or very close to one of many 3 key ATPs. Any of the 3 ATPs that fall open air the time retracement sector are eradicated. subsequent, make the a hundred% low-low (or high-high) projection. If the hot low-low (L-L) cycles were in a comparatively slim diversity, the following low is probably going to fall close to the a hundred% L-L projection. otherwise you may also make projections for the minimal to greatest variety of the hot low-low cycles in the event that they were in a comparatively tight diversity. the latest cycle is the focal point. every one set of time projections has a selected cause and goal. each one is a logical percentage of past sections. we start with the huge time retracement diversity and slender the time diversity with the location of the ATP and cycle projections. If a comparatively slender time variety is made of the 3 units of projections, it's a excessive likelihood time aim to accomplish a corrective low. Does this technique sound standard? it's the similar uncomplicated process used with the Dynamic rate technique to determine prematurely the possible fee area or zones for a corrective excessive or low. determine five. eight contains all 3 units of time projections. I detect the chart is a section crowded, exhibiting all six projections jointly, yet let’s see how we will be able to make a logical selection for a possible time goal for a Wave-C if the XAU is making an ABC correction. The final bar at the chart has made a brand new low on December 17 from the November 7 excessive. The XAU has already reached the December eleven to January 2, 38% to sixty two% time retracement sector. thus far, so reliable. the 3 exchange time projections variety from the sixty two% on December 18 to the 162% on December 31, with the a hundred% ATP on December 21. as the sixty two% minimal ATP and a hundred% usual ATP are just 3 days aside, we should always concentrate on the December 17-22 interval, one bar plus or minus those ATPs. they're too shut jointly to target every one separately. The a hundred% low-low projection is December 19, correct in the midst of the ATP projections. The ATPs and the low-low cycle projection have narrowed the particularly vast time retracement area to December 17-22, a 4 buying and selling day diversity (a weekend is during this interval) while a Wave-C low and attainable finish of a corrective decline is possible.