Published in May 28th, 2009
BarroMetrics Views: The US$ and China
Whenever I have suggested that China may stop supporting the US$, skeptics have effectively said:
“Yeah! And pigs can fly!”
It would be instructive to review their thinking:
China has reserves of US$2 trillion
Its reserves are so massive that the only country that can accept buying of that size is the US.
Thus, […]
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Published in May 27th, 2009
BarroMetrics Views: The DX and S&P
Figure 1 shows that since July 2001, the DX and the cash S&P have exhibited an inverse correlation. In addition, while minor swing extremes have tended to coincide, major tops and bottoms have seen the DX lag by four to six months.
I am looking for the S&P to top out […]
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Published in May 26th, 2009
BarroMetrics Views: Volume, Context, and the S&P II
(All figures today are basis cash S&P)
Today we’ll consider the probabilities of the rally from the March lows to date ; the first leg of a move to the Primary Sell Zone (1576 to 1461) or whether the move was merely a rally in bear market. The latter […]
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Published in May 25th, 2009
BarroMetrics Views: Volume, Context, and the S&P
My approach to the markets is based on the works of Wyckoff (whose work Pete Steidlmayer took to a whole new level) and R N Elliot:
The Wyckoff portion found expression in that body of my work I call BarroMetrics,
Pete’s work I allot to Market Profile. I am probably one […]
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Published in May 22nd, 2009
BarroMetrics Views:
The trade I have on in the S&P’s is a good example of how I view trading: each trade involves assessing when the probabilities favour a successful outcome, re-assessing the probabilities when new information suggests that the probabilities may change and taking the appropriate actions.
The trade began when price, time, and structure came together. […]
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Published in May 21st, 2009
BarroMetrics Views:
One of the reasons I prefer discretionary to mechanical trading is due to the fact that the latter fails to take context into consideration - at least this is true for all the mechanical plans I have seen. By discretionary trading I mean, trading with rules that contain this one: ‘I can choose not […]
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Published in May 21st, 2009
Here is a page from the magazine, Trade Review, May issue from Down Under .
More can be read at Homepage at:
http://www.anatrader.com
OR FULL ARTICLES HERE:
wwwcmcmemberscomau_dfs_200905_tr_issue_may09.pdf
NDTV SESSION
ANA aka IDKIT
Ag Moderator
Refer this blog post to a friend or colleague…
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Published in May 20th, 2009
BarroMetrics Views:
I love to read books written by efficient market theorists whenever I need a laugh. The works are usually written by an academic with no practical trading experience; these writers confuse the role of chance on a trade-by-trade basis with the edge an accomplished trader creates over a large sample size. From that error, […]
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Published in May 19th, 2009
BarroMetrics Views:
We are looking at the AUDUSD as I see a potential trade setting up. Yesterday we look at the context.Today we look at the current price action.Figure 1 shows the 18-day swing (monthly trend). We have just completed the various filters I use (see Nature of Trends):
The time filters, the Whole Point Count
The momentum […]
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Published in May 18th, 2009
BarroMetrics Views:
Since most of the readers follow the ES, why am I writing about the AUDUSD?
The reason is there is a direct correlation between the AUDUSD and the S&P. Indeed vis-a-vis the other currencies, the AUDUSD, at the moment, is exhibiting one of the strongest correlations for end of day data.
Figure 1 shows the 12-month […]
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