Published in March 18th, 2008
Below is a post by MF Global that Ana asked me to post to the list. Thanks Ana for the info.
At my private blog, we had some posts asking if legislation requiring segregated accounts would be enough. The answer is no.
The problem arises when a broker who ought to maintain segregated accounts fails to do so. […]
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Published in March 18th, 2008
As a discretionary trader, I developed the Matrix rating as an objective tool to double-check my assessment. The original format gave way to one I saw in Pruden’s “The Three Skills of Top Traders”. This is the format I adopted in the Nature of Trends. After I complete my analysis, I begin the matrix - […]
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Published in March 17th, 2008
Call me chicken, but except for a small short position in the ADUS, I closed out all my currency shorts: I had short positions in the GBP/JPY (203.47) and the USD/JPY (99.87).
To understand why, you need to understand that I ‘grew up’ trading forex in an environment that had an eye cocked for government intervention […]
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Published in March 14th, 2008
A quick one folks. I have to fly to Hong Kong first thing tomorrow so and I still have a million-and- one things to do.
Tonight, I’ll answer the questions raised about ‘what period ATR to identify mean ranges’. The key principle is to ensure I am comparing similar populations - similar in structure volatility. Figure […]
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Published in March 13th, 2008
I have to admit that much of what I write about caters to the more experienced trader. So, to balance the scales, this blog is for the ‘newbie’.
Ten to Fifteen Percent of my net income goes to continuing education - in the form of e-books, books and seminars. Most fail to add to my bottom […]
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Published in March 12th, 2008
Through the years I have sought to improve my returns. Initially I sought market knowledge; then I focused on self-awareness and knowledge of self - I especially looked for ways to improve my decision making skills. Nowadays, I focus at improving my net returns by delving into the nuances of the Expectancy Return and Expectancy […]
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Published in March 11th, 2008
Something different today. One principle I live by is CANI: constant and never ending improvement. In this blog, I want to tell you about a process I have found invaluable.
I think it may have been Anthony Robbins who said that the quality of our lives depends on the quality of the questions we ask ourselves. […]
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Published in March 10th, 2008
I am posting twice today so that those following only Market Profile will easily find this explanation of a 3I Day.
To understand the nature of a 3I Day, you need to understand the concept of Initiating Activity and the elements of the structure of a traditional Market Profile.
Initiating Activity is abnormal activity. For selling […]
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Published in March 10th, 2008
One essential point to bear in mind about the Ray Wave is this: its primary function is to manage risk; it leaves trading, entry, exit etc to the Barros Swing and Market Profile. Unlike the Elliott Wave, the trend of a timeframe is defined not by a 3-wave or 5-wave structure, but whether a market […]
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Published in March 7th, 2008
My tools span the range of the discretionary spectrum:
The Barros Swing (Nature of Trends material) is essentially a reactive set i.e. we wait for a pattern to form on a chart and then respond. There is little by way of anticipating of what the market will do.
The Market Profile has some anticipatory elements but largely depends on […]
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