Trend Trading Set-Ups: Entering and Exiting Trends for Maximum Profit
Just like trends, all trade set-ups are not created equal. There are good ones and bad ones, great ones and average ones. To achieve trading success, you need to find the great set-ups and avoid the rest.Nobody understands this better than market technician L. A. Little. And now, inTrend Trading Set-Ups: Entering and Exiting Trends for Maximum Profit, he skillfully addresses various issues surrounding trade set-ups—including when a particular set-up has the highest probability for potential greatness—and shows you what it takes to recognize and pursue these opportunities with regularity. In all cases, the set-ups examined consider price, volume, and time across various time frames and for instruments that are related.Before jumping headfirst into a detailed discussion of how to find and execute the best trade set-ups, this reliable resource lays the necessary groundwork needed for this endeavor. Part I accomplishes this by introducing you to some of the most important issues covered in Little's previous title,Trend Qualification and Trading. Much more than just an overview of the elements encompassing the neoclassical approach to trend trading, this part touches on everything from qualified trends, anchor bars, as well as support and resistance zones to the importance of time frames and the broader influences that directly affect trade success and failure.With this information in hand, Part II opens with some practical guidance on formulating a workable trading plan. From there, the focus shifts to finding the highest probability trade set-ups. You'll quickly become familiar with range trade set-ups as well as retrace and breakout trade set-ups, and learn how to effectively identify and trade them. Along the way, numerous examples are drawn upon and extensive integration of prior data is incorporated to increase the likelihood that you can perform the same process moving forward.Trading opportunities are present no matter what the market is doing. If you can recognize the patterns, evaluate a trade's potential, and put a viable trading plan in place, all that's left is proper execution and management.Trend Trading Set-Upswill put you in a better position to excel at this endeavor and capture consistent profits in the process.