Published in February 26th, 2012
BarroMetrics Views: S&P 2012-02-27
We are seeing all sorts of divergences in the S&P:
The Dow Jones has moved above last year’s high but thus far the S&P has not.
If the S&P breaches 1371 (basis cash), it will have moved above last year’s high but
With AUDUSD well below 1.10, we’ll be seeing non-confirmation of the S&P highs […]
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Published in February 16th, 2012
BarroMetrics Views: Trading Success III
( Continuing with what is required for expertise)
Time
There are two aspects to this:
One aspect, is how much time do we need to internalize the skills needed to become an expert?
Ericsson suggests at least 10,000 hours; others suggest half that. Irrespective of the numbers, some period of extensive training is necessary. So […]
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Published in February 15th, 2012
BarroMetrics Views: Trading Success II
There is serendipity in the world.”Trading Success” invoked a number of emails asking what would be the best way to learn for long-term success. In a number of blogs, I presented the model of learning I call The Coyle Method(e.g. http://tradingsuccess.com/blog/a-better-way-to-learn-1288.html; if you do a search for the Coyle Method, most […]
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Published in February 14th, 2012
BarroMetrics Views: Trading Success
Somewhere, a long time ago, I heard that when it comes to trading, ‘off goes the head, on comes a pumpkin’. As I recall, the comment was made at a Trading Expo by a trading-educator, lamenting that newbie traders believed that you could attend just the freebie presentations for success.
I saw this […]
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Published in February 13th, 2012
BarroMetrics Views: The Greek Debt Crisis
At time of writing, the Greek Parliament is debating whether to pass the austerity bill.
And yet more delay in this crisis……
But the Greek delays have bought time - time that banks have used to restructure debt. Foreign banks have reduced their exposure by around 60%. Moreover, within Greece itself, there […]
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Published in February 10th, 2012
BarroMetrics Views: Resources for Traders II
As I was watching the S&P jerk around last night (in apparent response to the unfolding Greek situation), it struck me that a book I had just read was most appropriate: The Principle of Relevance by Stefania Lucchetti.
The book title suggests that the book has little to do with trading; […]
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Published in February 9th, 2012
BarroMetrics Views: S&P Nearing A Top? Revisted
The tools compromising my approach to the markets are saying a S&P top is at hand:
Price - Structure: The 12-Month Swing and 13-week swing show we are in a sell zone. Figure 3 shows that since the Dec 2, 2011 that the up move has been on declining volume […]
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Published in February 8th, 2012
BarrosMetrics Reviews: Resources for Traders II
I met Stuart Mcphee when we both spoke at the ATIC seminars in Singapore and KL. He was kind enough to include me in the interview section of the 4th Edition of his book, “Trading In A Nutshell”.
The book is an excellent resource, especially if you are a newbie trader.
In […]
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Published in February 6th, 2012
BarroMetrics Views: Resources for Traders
I came across two resources recently:
One for the more experienced trader and
One for the newbie.
Let’s start with the one for the experienced trader.
One of the problems I have been facing is QE by the FED - now PoMo (Permanent Open Market Operations). The FED used to ‘manage’ the liquidity in the […]
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Published in February 3rd, 2012
BarroMetrics Views: Non-Farm Payrolls & the S&P
SentimenTrader has an interesting tidbit for tonight. He says:
The looming Nonfarm Payroll report can be a big market mover, but when the S&P 500 closed at a six-month high with volume that was within 10% of its low from the past month (as it did on Thursday), then the […]
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