BarroMetrics Views: Video 3 Link
Here is the video 3 link. It’s on Method.
Refer this blog post to a friend or colleague…
BarroMetrics Views: Video 3 Link
BarroMetrics Views: Emotional Blind Spots II
Today, I’ll look at the first question:
“if I have a system that makes money, why won’t that guarantee I become wealthy?”.
My answer is having a robust system is necessary but insufficient to deliver a promise of success.
Trading success is comes from:
Mind x Money x Method
The mind delivers the mindset that […]
BarroMetrices Views: Stats and Trading Plans
Stats in a trading plan are little used by traders. Part of the problem lies in the perceive difficulties in learning the subject; part lies in the processing of data.
The first problem is easily overcome: read ‘Statistics Without Tears‘ by Derek Rowntree. The book was published in 1981 and cost […]
BarroMetrics Views: Risk Management IV
In this blog, I want to consider the elements of a robust trading plan.
There is a correlation between the WinRate and timeframe a trader is trading and whether or not he is in a Flow Phase.
There is an inverse correlation between the timframe being traded and the Win Rate. The shorter the timeframe, the […]
BarroMetrics Views: Trading Plans
Through the years I have been asked: what would you recommend - a discretionary or mechanical trading plan?
My answer has always been the same: “it depends on what best suits your personality and experience”. My preference is for a discretionary plan; but before I get into that, let’s define what I mean […]
BarroMetrics Views: The Maximum Extension
MH dropped me a line requesting I explain what I mean by ‘The Maximum Extension”. I am happy to oblige.
In my approach, I look at three filters when assessing breakouts:
A time filter (Whole Point Count [WPC])
A momentum filter (Line Change Count [LCC])
A price filter (Maximum Extension [ME])
(The WPC and LCC are […]
BarroMetrics Views: Quantified Trading
“Do you believe that quantified trading can be successful?”
Thanks Joan for the question.
I certainly did not mean to give the impression that I am against quantified trading. Indeed, I often refer to Rob Hanna’s “Quantifiable Edges” as a means of checking my reasoning.
What I did mean to convey, is that quantified […]
BarroMetrics Views: Entry Zones III
We were looking at the UK 100 yesterday when I said that for Habits of Success traders, they usually look at the weekly for trend identification and zones. So let’s have a look at the weekly, Figure 1 (the yellow lines are the 1-period swing).
We see that from ‘0′, the instrument […]
BarroMetrics Views: Entry Zones II
The second question this week comes from John (pseudonym). John attended the final Habits of Success Seminar I gave in Singapore. He has been struggling with the idea of zones. The Word doc contains the charts he sent me of the FTSE.
In Habits of Success, I taught this analytical process:
Identify the […]
BarroMetrics Views: Entry Zones
This week I’ll reply to the questions I have received - either to my email or comments here.
ZH raised the questions in the attached doc file. For those who have not read Nature of Trends, I use statistical price and time info as the first filter to position sizing.
You have misunderstood what […]
- Video 3 Link
- Video 2 Link
- Ultimate Video 1
- Videos: Introduction to Ultimate Methodology
- Emotional Blind Spots II
- Emotional Blind Spots
- S&P 2014-09-24
- Q&A The Thin Line
- The Thin Line III
- The Thin Line II
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