Published in November 30th, 2009
BarroMetrics Views: Our Decision-Making Processes
I have been in the markets since the mid-70s and a professional trader since mid to late-80s. If you said around 30-years of using technical analysis tools to successfully trade the markets, you would be close to the mark. For twenty of those thirty years, I have been a trading coach. […]
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Published in November 27th, 2009
BarroMetrics Views: Discretionary and Mechanical Trading
Many years ago, Mark Douglas defined for me the three types of traders:
The Subjective Trader: no rules, the trader trades on intuition alone. The scalper in the pit is the best example.
The Discretionary Trader: rule based but the trader has a rule which says he can ignore his rules. This […]
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Published in November 26th, 2009
BarroMetrics Views: Purpose and Vision
Most of the professional traders I mix with have a very good idea of the purpose and vision for their trading. Most newbies have neither and not only that, they fail to appreciate the difference between the two.
The best exposition I have read of the difference is by Robert Fritz in […]
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Published in November 25th, 2009
This story just in from Fox News makes me wonder about the US. The Examiner reports that: “The three non-commissioned officers — Petty Officers Matthew McCabe, Julio Huertos and Jonathan Keefe — captured Ahmed Hashim Abed, who is alleged to have been responsible for ordering the murder and mutilation of four contract workers, two of whom were later hung from […]
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Published in November 25th, 2009
BarroMetrics Views: What is a RePo and 313Outside?
Following my weekly video, I was receiving quite a few e-mails asking what these setups were.
Both are similar forms of Negative Development. The essential conditions are:
A trending market in the Higher Timeframe (e.g. the 18 day swing)
A correction in the First Lower Timeframe that breaches previous support (in […]
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Published in November 24th, 2009
Stepping into the breach, once more, when called upon……………
The dollar has retreated against other currencies hitting a 6-week low against the Yen, after St Louis Fed President James Bullard said the Fed should keep interest rates low for some time. He also said the Fed should continue buying mortgage backed securities and other assets.
Oil, gold […]
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Published in November 23rd, 2009
BarroMetrics Views: Decision Tree Analysis II
On Friday I introduced the Decision Tree Analysis I used to move up my stop. Today, I’ll go over the thinking process that led to the decision.
To do this, I need firstly to explain my spreadsheet:
The Xls will identify the favoured option by calling it ‘True’ and the other options […]
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Published in November 21st, 2009
BarroMetrics Views: Decision Tree Analysis
At the end of trading on November 18, I wrote in Video/Forum service:
“The CPI came in within expectations and the market produced a Neutral Day response, both in terms of bar charts and in terms of the Market Profile.
Against the current structure:
A Ranking of ‘0′ (see Nature of Trends) and
The market […]
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Published in November 20th, 2009
Hi All
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Refer this blog post to a friend or colleague…
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Published in November 19th, 2009
BarroMetrics Views: Interest Rates - A Delicate Balancing Act?
Today I attended a a conference organised by the Global Interdependence Center (GIC). The keynote speaker was Charles Plosser, President and CEO, Federal Reserve Bank of Philadelphia.
In answer to a couple of questions, Plosser said:
With rates at ‘0′, there is only one direction they can head: up.
As […]
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