Wednesday, August 6, 2008

High probability set up

This is one of the high probability set up according to Barry Rudd. The reason why this set is very successful is consolidation near high of the day.Longer the consolidation higher the probablity,but we need to have patient to trade this set up. As most of the successful set ups tend to be boring it is one of them. Another thing is we can see that how accurate the fibonacci numbers are,to set up your exit target.

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