Published in January 15th, 2010
BarroMetrics Views: A Question on Gold 2
Gold is in an interesting position.
The below normal range and volume on Jan 14 was to be expected given the context to the CPI tonight. By that I mean, there does not appear to be a clear bullish or bearish sentiment among the participants. In that situation, we tend […]
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Published in January 14th, 2010
BarroMetrics Views: A Question on Gold
In the Forum-Twitter posted I made a comment that I added to my Gold positions. I received a few e-mails asking on what basis I did this.
Here you are.
I viewed the rejection high of Jan 11 and rejection low of Jan 8 as probably forming a 1-day sideways pattern. Figure […]
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Published in January 14th, 2010
ericssondeliberatepracticepr93.pdf
Refer this blog post to a friend or colleague…
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Published in January 12th, 2010
Flashback to the early 80s: I had spent over 5 years, over A$500,000.00 in losses, and some unknown amount spent on books, courses and systems BUT still success in my chosen field was a far off dream. At the time I was using traditional technical tools for my trading: moving averages, RSI etc. Clearly I […]
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Published in January 10th, 2010
BarroMetrics Views: Trading and Making Mistakes
“…many of his (Einstein) of groundbreaking discoveries were blighted by mistakes……His extraordinary intuition about physics nonetheless permitted him to discover profound truths despite - and sometimes because of - the mistakes…..the defining hallmark of Einstein’s genius was……an uncanny talent of using his mistakes as stepping stones….”
(Einstein’s Mistakes by Hans C […]
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Published in January 8th, 2010
BarroMetrics Views: At Inflection Points? II
Yesterday we looked at the DX and concluded the DX was ready to rally. The jury is still out despite the fact that we had a bullish-conviction bar: the volume was on the light side and we have Non-Farm today. A ’surprise’ figure will probably move all the financials.
Today, we’ll […]
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Published in January 7th, 2010
BarrMetrics Views: At Inflection Points?
Once in a while, the instruments I follow all line up at a ‘do or die’ point - what I call inflection points. Their resolution provides a highly reliable ‘line of least resistance’ for the next few months. We appear to be at such a point now.
First, I’ll take the DX […]
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Published in January 6th, 2010
BarroMetrics Views: Themes for 2010 II
Yesterday I considered my three top trading themes. Today I want to consider the major economic theme: Has US spending changed the system to contain the next shock?
At the end of 2009, Geithner told National Public Radio:
“We cannot afford to let the country live again with risks…like we had last […]
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Published in January 5th, 2010
BarroMetrics Views: Themes for 2010
At the beginning of each year, I attempt to peer into the future by selecting two or three themes that are likely to play a pivotal role. This year I see three:
Will China Deflate?
Last year, Chinese banks lent the entire year’s lending budget in the first quarter. The Chinese Government, worried […]
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Published in January 4th, 2010
BarroMetrics Reviews: Why Do So Many Traders Fail?
Since we are starting the new year, I think it’s appropriate to review why so many traders fail.
Traditional reasons would cite lack of discipline (lack of a Winning Psychology); lack of a risk management set of rules; lack of a plan with an edge (lack of a proven […]
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