Apologies!

Hi Gals and Guys

Deepest apologies. By now those who registered for the July 5 event, would have received our advice  –  I totally messed up!

I assumed July 5 was a work day in the US. In fact, it’s the last day of the July 4 holiday. As a result, we should see very quiet trading. The live-trading is a core port of the July presentation. Rather than be certain of having to skip it, I decided to postpone.

I realise that some you will not be able to attend. Of course, we will refund the S$20.00. On the other hand, if you wanted the video and all the bonuses, we can:

  • For those in Singapore, swap you to the live-stream. You’ll receive the video and all the goodies.
  • For those ex-Singapore, you’ll receive the video as well as the extras.

I’ll let you decide – just drop us a line.

The new date is July 12. I hope to see you there.


BTW, if you are an Aussie reader, drop me a line at

ramonbarros@tradingsuccess.com

and I’ll send you a piece on Aussie real estate prices. The piece makes for an interesting read.

Please write to the address above and not to the blog or support.

 

No Blog

June 28, 2017

Sorry, Guys and Gals…..

Yesterday, I slipped and either tore, or severely strained, some back muscles – making sitting and walking very painful. If the muscles are only strained, I’ll be back in a couple of days; if they have been torn, well…..who knows?

Hopefully, they are only strained.

Image Credits: nordic outbreak

An Event For Your Trading Improvement!

BarroMetrics Views: An Event For Your Trading Improvement!

Tomorrow, I’ll conclude “Trade War – Black Swan?“. I was going to do it today, but we have been inundated with questions about July 5. I’ll answer those questions now.

The objective on July 5 to leave the participants with a trading process that will improve their results. We’re looking to achieve this by:

  • providing the needed ideas and theory. The ideas that have served me when managing the private-partnership hedge fund (1990 to 2010) and my own trading.
  • illustrating the ideas with real-time trading at the presentation; and
  • providing the tools to apply the ideas.

The ideas will cover the “3 Biggest Mistakes Traders Make” and how to avoid them. Without giving the presentation away, I think it’s safe to say that at least one is not normally associated with trading. Yet, the failure to address this issue just about guarantees failure.

We’ll be trading the markets live. On this blog, I posted about the system we’ll be using. It’s ideal for the presentation: short-term with an amazing expectancy return. And no, I won’t be presenting its rules.  I will be using it to show the process all successful traders (in one form or another) for their trades. It’s also a process few, if any, losing traders apply.

The psychology for using the system is a simple one: attendees will follow the success process if they associate it with a profitable trade. The research shows we retain 75% of what we practice and only 5% of what we hear.

The tools we’re giving away?

  1. The equity spreadsheet I use to use before I adopted Edgewonk. Indeed, I am still using it because it provides data that Edgewonk does not. We’ll be sending the spreadsheet out before the event.
  2. A trading system using end-of-day data. The reason for this timeframe is I expect most attendees to have full-time jobs. I believe it’s not possible to apply consistently system rules that utilise intra-day data. Only July 8, the system rules will be sent to all registrants together with a ‘how to apply’ video.
  3. A template for a psych journal will be demonstrated at the event.

Here are the registration links:

Live-stream for those who can’t attend the event:

 http://www.barrometrics.com/avoid-3-biggest-mistakes-traders-make-july-2017-livestream

There is an SGD 20.00 (about USD 14.00-15.00) fee for the live-stream.

For those attending in Singapore:

http://www.barrometrics.com/avoid-3-biggest-mistakes-traders-make-july-2017

There is a refundable (on attendance) SGD 20.00 fee for Singapore attendees.

If you are planning to attend: Please register before Tuesday, June 27, to avoid disappointment. We have a live-stream limit of 50 (to ensure

*** Please register before Tuesday, June 27, to avoid disappointment. We have a live-stream limit of 50 (to ensure

We have a live-stream limit of 50 (to ensure quality of projection) and a 100-limit on attendance. We are almost at 50 for the live-stream and over half full for the attendance.

On Tuesday, our joint venture partner Oanda will be inviting their clients, so we expect to be fully booked shortly after that.

Looking forward to catching up with all registrants on July 5!

Image credits: alamy stock photos

Macro-ops “Playing the Player” 2

BarroMetrics Views: Macro-ops “Playing the Player” 2

Firstly, thanks for the emails and comment regarding the negative expectancy of the backtesting results. The feedback shows someone is reading my blogs! I sometimes wonder.

Apologies for the error when writing up the results. I reversed the Avg@Win and Avg$Loss numbers. The correct numbers are:

  • Avg$Win: 823.00
  • Avg$Loss 360.00

Update on registrations: 5. So, unless we see a pickup, it’s unlikely we’ll proceed (we need 25 more). Thanks to those who have signed up. If you are planning to join, please drop me a line indicating your interest: ramonbarros@tradingsuccess.com

Turning to today’s blog……

Thanks to those who wrote in asking how to apply ‘play the player’.

Frankly, it’s not a question I felt qualified to answer. Luckily, yesterday, Alex replied to that very query. So, I have attached his reply below. In his article, he made an offer to provide a checklist.

If you’d like a copy, I do have a request: please send your requests to the ‘blog comment section’ and not to my email. Thanks, I’d appreciate the cooperation.

By the way, if you like Alex’s pieces, please write to him at alex@micro-ops.com to see how to get onto his subscription list.

2017-06-22 Macro-ops Playing the Player_2

Macro-ops “Playing the Player”

BarroMetrics Views: Macro-ops “Playing the Player”

First, an apology, I forgot to attach the results of the trading method included as a giveaway on July 5. Here it is.

NB: I goofed in the copying the results; I transposed the avg$win and avg$loss. The correct numbers are avg$W: 823, avg$loss 360.

Backtesting

An update: So far we have five expressions of interest for the live streaming. We need 30 to proceed. 

Turning today’s offering……..

Here’s a summary of an interesting investing/trading approach from Macro-ops; it’s a variation on the contrarian sentiment method view. I have also attached the whole article for you.

Here’s a summary of an interesting investing/trading approach from Macro-ops. It’s a variation on the contrarian sentiment method. Also, I have attached the whole article for you.

SUMMARY:

  • Markets are the result of an aggregation of various individuals’ beliefs. The average of these beliefs sets market prices.
  • To play the player, all we need to do is sniff out the most dominant, consensus beliefs and exploit them.
  • This process involves 3 steps
  1.  Identify the dominant beliefs driving markets 
  2. Determine alternative future scenarios that would impact these beliefs and subsequent asset pricing.
  3. Wait for indications to see which scenario is playing out by using price action
  • Reading the financial news is a great way to get a sense of how other players are thinking which informs you of the dominant market belief.
  • To play the player, ask what if the consensus market belief is wrong and then wait to see how the price action and fundamentals unfold

To save you asking, I’m not sure how you can get on their free newsletter as it no longer seems to be available from the site. You can try writing to:

alex@macro-ops.com.

macrops

Image credits: Macro-ops

July 5 – Update

BarroMetrics Views: July 5 – Update

I was hoping to have the URL landing page up on the blog today. But, gremlins struck. While waiting for the solution, I thought it best to see if you there is enough interest from you to run the streaming. We need at least 30 to cover live streaming costs.

Program:

Our objective is to provide a content-rich presentation that will allow attendees to kick start their profitability.

To this end, I’ll be providing live FX trading to illustrate the ideas presented. You’re asked to join in the process because we remember 75% of what we do and only 5% of what we hear.

The content will cover the ‘3 Mistakes Losing Traders Make and what you do to avoid them and join the 10% who win’. 

Here is what you’ll come away with after attending:

  1. A video of the event.
  2. A process for analysing and reviewing your trades.
  3. An equity journal (spreadsheet with macros): to provide the stats you need to improve your trading. Googling for ‘download trading equity journals‘, I found prices ranged from USD 120.00 to USD 200.00
  4. A trading plan (backtesting results attached)
  5. A template for your psych journal.

In short, everything you need to your trading profitable.  An attendee described it as a mini-trading course.

It’s important to understand that the event is a partnership: we provide the information, you provide the action – no action from you, means no benefits.

Details:

  • Date: Wednesday, July 5
  • Time: 19:00 to 22:00 (Singapore) (Australia 21:00 to 00:00) (7:00 to 10 EST) (12:00 to 15:00 UK).
  • Location: Live streaming via the net.

 

There is an SGD registration fee of $20 (about US $14)

If you’d like to attend, on or before Monday, 26 June 21:00, please drop a line to:

Ray Barros Trading Group <support@tradingsuccess.com>

——————-

Image credits: www.linkedin.com/pulse/video-streaming-methodology-reema-majumdar

July 5 – Enquiries

BarroMetrics Views: July 5 – Enquiries

I was planning to post this on Monday, June 19. But, I received quite a few emails asking how to register, so I’m posting the entry today. The link for registration will be posted on June 19.

The main email question raised was: how is July 5 different? It’s different because I’m attempting to synthesise live trading with supporting content.

If you have attended a live trading presentation, you’ll probably have shared the same reaction: how boring!

  • The presenter rattles on about what he plans to do;
  • The market does its thing, taking its own sweet time. In the meantime, the presenter has to somehow fill the empty minutes. You know the ones, the minutes spent waiting for the trade to setup and follow-through!

That’s what I wanted to avoid. So, on July 5, the real-time trading will be used as a context to a process. Follow the process you ensure you are taking a high-quality trade:

  • One with the appropriate reward: risk ratio, and
  • One with the pre-planning that prevents the 3Fs (fight, flight, or fear) from kidnapping our neo-cortex. As a result, you’ll eliminate most of your impulse trades.

Also, each registrant will receive:

  • A mechanical trend-trading method
  • An equity journal spreadsheet that calculates the essential trading stats (retail USD 130.00 to USD 225.00); and
  • A template for the psych journal.

The second question raised was: will the presentation be made available to those living ex-Singapore?

That will depend on the registrations. We’ll need around 30 to justify the costs of streaming. Also, the time is a factor for overseas traders. The presentation takes place between 19:15 to 21:15:

  • In Sydney, that’s 21:15 to 23:15
  • In New York, that’s 7:15 to 9:15 and
  • In London, that’s 12:00 to 14:00

The takeaways:

  1. You’ll have a professional model for analysing the markets
  2. You’ll have a process for skirting the three major mistakes made by 90% of traders.
  3. You’ll receive high-quality attendance gifts.

Stayed tuned for Monday’s post. And no, I won’t release the rego link before June 19.

Image credits: iqoption

Nassim Taleb’s Interesting Ideas

BarroMetrics Views: Nassim Taleb’s Interesting Ideas 

I’ve been focused on creating the material for a July 5 three-hour presentation in Singapore. The format will be different to anything I have ever done so it’s taking quite a chunk of my time. The good news is I’ll have all done by tonight.

In the meantime, here’s an interesting piece by Dr Wealth on Nassim Tableb.

Nassim Taleb – A Contrarian Investor and his Unorthodox Ideas

Image Credits: flckr.com

MASTERY – A Post Mortem

(through the courtesy of orozcode sign studio)

BarroMetrics Views: MASTERY – A Post Mortem

We completed Mastery last week. Undoubtedly is was the comprehensive and mentally exhausting course I have held – at least so far as I’m concerned.

How would I rate its success?

For me, a mixed bag: from incredible, unexpected results to disappointing. ‘Incredible’ because a couple of attendees made significant breakthroughs; ‘disappointing’ because some could have done much better. 

What was the difference between the two groups?

The ‘success’ group gave it their all. Right from the start, I could see they were committed to living up to their highest potential – no matter what. They attended all the sessions and did all the assigned work irrespective of what was happening in their lives. Also, the quality of the assigned work showed they had put in time and effort.

The ‘failure’ group attended most of the meetings and did most of the assigned work – with the key distinctions being ‘all’ and ‘most’. Also, the ‘failure’ group’s quality of assigned was poor. The work resembled a hurriedly constructed piece with little thought.

So, what’s the takeaway? You want to succeed in the markets? Do the work! Commit to your own success without excuses and with a ‘whatever it takes‘. Come into trading with a determination less than that, and you’ll fail – not ‘if’ or ‘perhaps’ but ‘will’.

UK Elections June 8

BarroMetrics Views: UK Elections June 8

Not so long ago, the result was a ho-hum affair with the Tories expected to increase their majority. Now? Not so easy because there are some complications.

Firstly, without a doubt, Labour has pulled back ground. The question is how much?

This leads to the second complication: the reliability of the polls.

After Brexit showed UK’s polling methods suspect, we are seeing a host of new, untried approaches. The result is the UK polls are all over the place. For example:

  • The Telegraph has the Tories ahead, with Labour breathing down their necks. (Figure 1)
  • On May 31, YouGov produces a poll showing a hung parliament! in their latest poll, YouGov has the Tories at 42% (304 seats) and Labour at 36% (266 seats).
  • The polls using the ‘old’ methods have the conservatives ahead- but within the margin of error i.e. too close to call.

From a trader’s point of view, the GBP pairs, especially the GBPUSD, will move down unless the Tories retain at least 330 seats.

Let’s see what happens.

FIGURE 1 Telegraph Poll Averages

FIGURE 2 Parliamentary Seats