BarroMetrics Views: Rule of 4
I’ll was gong to have a look at Gold today, but, I’ll leave it till tomorrow.
Today, I want to address a response to some emails.
On Feb 4, I did a presentation for MacQuarie Securities, Singapore. In it, I made reference to the Rule of 4. I have received a number of emails […]
BarroMetrics Views: Rule of 4
BarroMetrics Views: A Worthwhile Habit II
Today I am going to show my thought processes on the SNB decision. The best way to do this is to reproduce some of the Evernote entries:
2014-12-05: Saw Mario’s interview. Seems clear that he is hell bent on a European QE. Question is whether the EC rules and Germany will […]
BarroMetrics Views: A Worthwhile Habit
For those of whose who were not short the CHF, say a prayer of gratitude…we were lucky…we did not join so many others in financial devastation: ‘there but for the grace of God, go I’. For those who were long the CHF, congrats on the result.
Today, I am going to talk […]
BarroMetricsViews: A USDCAD Analysis
Sorin raised a question (see his question in USD Topping?) whose answer may be of benefit to all.
Here’s how my mind works. When I look at your chart (Figure 1), the first question that pops up is: what timeframe are you trading?
If the 13w, I’d look at the 12-m to place […]
BarroMetrics Views: Left Brain Thinking Conclusion
As a rule-based discretionary trader, I use my position sizing to reflect my risk assessment of the current structure. In turn the position sizing is also determined by whether I am seeking to manage the first, second or last third. Each has its own considerations and objectives.
Take the AUDUSD as […]
BarroMetrics Views: Left Brain Thinking IV
Shame on me. For Left Brain III, I got lazy, did a minimum blog, and assumed all would be able to follow my line of thought. Thank goodness for readers like Sorin and Paul - they keep me focused.
For context to this piece, I’ll leave it to you to read […]
BarroMetrics Views: Left Brain Thinking III
Yesterday I said that Trader B had to exit immediately. Why?
Figure 1 shows that, given his win rate, his required reward:risk return (2:1) is secured at 0.8103; in our example this was where the AUDUSD was trading. So, he had no safety moat; and with the AUDUSD now trading at […]
BarroMetrics Views: Left Brain Thinking II
Thanks to all who left comments.
If I were answering the question, I’d split my answer into two parts:
A risk management phase, then
A trade management.
To understand why I have done the split, it’s important to remember the function of the second third: it’s function is to deliver the method’s core profits.
BarroMetrics Views: Left Brain Thinking
You are short the AUDUSD.
You have exited 1/3 of your positions so that the remaining 2/3s, if stopped out, would be a ‘no-’loss’.
You are looking to exit the second third at .8055.
Your stop is some 200 pips away, say .8258.
The AUDUSD gets to .8065 and bounces, what do you do?
BarroMetrics Views: Time and Price Stats Window - Video
Sorin asked two questions:
Did I still have the Barros Swing Videos from 2010? Answer: Unfortunately no. We lost the masters when we changed servers.
Could I give an example of the time and price stats windows mentioned in Nature of Trends.
That was a great request because most readers […]
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