High Probability Trading Strategies by Robert C. Miner Summary

High Probability Trading Strategies provides a complete trading plan for Forex, futures, and stock markets, detailing objective entry/exit strategies, risk management, and trade adjustments. It emphasizes momentum, pattern, price, and time analysis to identify high-probability setups. The book stands out for its specificity—exact entry prices, stop-loss rules, and multi-unit exit tactics—making it a practical guide for systematic traders.

This book suits traders seeking structured, rules-based strategies across Forex, futures, or stocks. It’s ideal for those frustrated by vague advice, as Miner offers precise techniques for entry, exit, and risk management. Technical traders interested in Elliott Wave, Fibonacci, and momentum cycles will find it particularly valuable.

Yes, it’s praised for its actionable frameworks, real-world examples, and focus on disciplined execution. Traders appreciate its no-nonsense approach to eliminating emotional decisions. However, it’s best suited for those already familiar with technical analysis.

Miner teaches two core entry methods:

• Trailing One-Bar-High/Low: Enter long positions one tick above the prior bar’s high or short positions below its low.
• Swing Entry: Confirm trend direction by breaking recent swing highs/lows before entering.

Both strategies use objective rules to avoid guesswork.

The book emphasizes:

• Limiting risk to 3% of capital per trade.
• Calculating position size based on stop-loss distance.
• Using trailing stops to protect profits.

Miner prioritizes capital preservation, calling it the “foundation of long-term success”.

Exit tactics include:

• Trailing stops locked to recent price extremes.
• Multiple-unit exits: Close partial positions at short-term targets while letting others ride trends.
• Predefined conditions like momentum reversals or Fibonacci price targets.

Robert Miner is a trading educator with 35+ years’ experience, known for winning real-money Forex/Futures contests. He pioneered integrating Elliott Wave, Fibonacci, and momentum analysis. His 2008 book remains a top-selling trading manual, and he’s authored software and courses on systematic strategies.

Yes, Miner’s approach is time-frame-agnostic. The same principles apply to scalping (1-minute charts) or swing trading (daily/weekly). Key charts like the 60-minute and daily are used to align momentum across periods.

While it assumes some charting knowledge, Miner explains his unique synthesis of:

• Elliott Wave pattern recognition.
• Fibonacci retracement/projection zones.
• Momentum divergences across time frames.

He focuses on actionable applications rather than theoretical concepts.

Some note it requires discipline to follow rigid rules and may overwhelm beginners. The strategies demand screen time for intraday setups. It doesn’t address fundamental analysis, focusing solely on technicals.

Unlike vague “conceptual” books, Miner provides exact instructions:

• Specific entry/exit prices (not “zones”).
• Defined stop-loss adjustments.
• Multi-timeframe confirmation rules.

It’s often cited as a bridge between theory and real-world execution.

The original hardcover included a CD with charts and templates, though digital buyers may need to recreate tools. Miner’s Dynamic Trader software (sold separately) automates many strategies from the book.