Archive for November, 2007
Wednesday, November 14th, 2007
The Relative Importance of Your Trading Tools
I was referred to Brett Steenbarger’s blog of Nov 14 ( http://traderfeed.blogspot.com/) . As I read, it struck me that the tools we use in our trading plans are of less importance than having a plan.
Brett’s approach to the markets is very different to mine. He is a short-term trader and to gain […]
4 Comments » - Posted in Written Plan, Psychology by ray
Tuesday, November 13th, 2007
The Role of Intuition
As a discretionary, technical trader, I find my intuition plays a strong role in my trading. Today’s price action in the ES was a great example of what I mean.
I subscribe to a few Sentiment Indicators, Floyd Upperman, Whisper Numbers, and Sentiment Trader. All were bearish to some degree, and one was bearish even though […]
3 Comments » - Posted in Miscellaneous by ray
Monday, November 12th, 2007
Barros Swings - How to Use Them?
I have received mail from purchasers of Nature of Trends (Wiley Edition) asking how to use Barros Swings. In fact a large section of the book deals with that topic. In addition, the Appendix shows you how to construct the swings. So, in this post, I’ll only briefly summarise the uses for the […]
1 Comment » - Posted in Written Plan by ray
Monday, November 12th, 2007
Context - How It Improves Profits
Two important ideas I learned from Peter Steidlmayer:
The use of different timeframes in my trading and
The idea of ‘context’.
As a discretionary trader using technical analysis, ‘context’ has made a great difference to my bottom line. Before I explain what I mean, let me first define some critical terms:
By discretionary I mean I have a set […]
1 Comment » - Posted in Written Plan by ray
Sunday, November 11th, 2007
Nature of Trends Wiley Edition - A Review
Today I have posted a review by a student and friend on my book Nature of Trends, Wiley Edition. By the way, my self-published edition has been withdrawn from sale. The Wiley edition is available from Amazon.
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REVIEW by ANNA WANG
As an STCer of Ray Barros, I could finish reading the new book within 24 hours […]
1 Comment » - Posted in Miscellaneous by ray
Saturday, November 10th, 2007
The Expectancy of a Trade & Your Trading Plan
The Expectancy Return formula identifies the key area on which we need to focus.
Most newbies focus on the win rate. But the win and loss rate are less under our control than the Avg$win and Avg$Loss. This post will explore the reasons for this.
No matter how good a trader we may be, we will […]