Published in April 5th, 2010
BarroMetrics Views: How Do I Set Stop Levels? (3)
This blog looks at the way I manage a trade. As you may expect, my approach is based on firstly protecting my capital base and only then looking at protecting profits. To do this, I use the Rule of 3 and the Expectancy Return Formula.
The Rule of […]
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Published in April 1st, 2010
BarroMetrics Views: How Do I Set Stop Levels? (2)
Ranadagger asked: “could u please also guide as to when do u put ur stop to breakeven and how do u start trailing the same. how much of paper profits do u protect, when do u decide to take partial profits and when do […]
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Published in March 31st, 2010
BarroMetrics Views: How Do I Set Stop Levels?
A subscriber to the Forum-Video service asked how I set my stop levels. In my weekly video and daily updates on the EURUSD, I said, “stops above 1.3525″. But how far above was his question.
The best way to answer that is to say that I set stops beyond […]
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Published in March 22nd, 2010
BarroMetrics Views: Gold March 22 2010
Gold is providing a low risk short.
I see usually see a sideways market as a Market Profile bell curve. Figure 1 shows how I ’see’ Gold’s structure. The key levels to watch are 1149.00 and 1095.00
Since the market is in congestion and we are coming off the Primary Buy Zone […]
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Published in March 19th, 2010
BarroMetrics Views: “Normal Volume and Range”
Robert, a Forum-Twitter subscriber, asked me how I work out ‘normal’ range and volume.
The software I use, Market Analyst, calculates the mean and standard deviation of average true range of the bars bounded by two dates. I use Barros Swings to identify the dates.
My historical norm is usually determined by […]
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Published in March 18th, 2010
BarroMetrics Views: ‘The Death Zone‘
Baz asked: “When is a Death Zone not a Death Zone?”
To answer that question, I’ll identify the zone, explain the rational and assumptions, then answer Baz’s question. The blog must necessarily be a summary of the material in Nature of Trends that ran for most of a chapter.
The Death Zone occurs […]
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Published in March 2nd, 2010
BarroMetrics Views: The Evolution of the Market Profile
The ideas underpinning the Market Profile as well as the actual charting technique helped bring about my trading success.
Many are unaware that the Profile has undergone at least 3 stages:
Stage 1: Traditional Market Profile - fixed periods of 30-minutes that begin and end with the day’s ‘pit’ session.
Stage […]
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Published in January 12th, 2010
Flashback to the early 80s: I had spent over 5 years, over A$500,000.00 in losses, and some unknown amount spent on books, courses and systems BUT still success in my chosen field was a far off dream. At the time I was using traditional technical tools for my trading: moving averages, RSI etc. Clearly I […]
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Published in December 15th, 2009
BarroMetrics Views: FX Time of Day Trading
I was surfing the net and came across an interesting free webinar-video by Barry Craig. You can find the webinar here:
http://www.compassfx.com/webinar/g2w/tnf/webinar_replay_110909.html
I’d agree with most of what he has to say, with one exception:
“that all pairs normally have 30 to 60 pips in the London and New York sessions, and […]
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Published in December 9th, 2009
BarroMetrics Views: Open-Gap Rule and The Death Zone
I received a barrage of mail asking that I explain the two topics. Before I get into that, a comment: for some reason, I seem to invite e-mails rather than comments. Folks I would be grateful for comments, questions or requests at the blog rather than e-mails. Thanks […]
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