Published in March 31st, 2010
BarroMetrics Views: How Do I Set Stop Levels?
A subscriber to the Forum-Video service asked how I set my stop levels. In my weekly video and daily updates on the EURUSD, I said, “stops above 1.3525″. But how far above was his question.
The best way to answer that is to say that I set stops beyond […]
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Published in March 30th, 2010
BarroMetrics Views: Education and the Trader
In some ways newbie traders of today are pretty lucky - they have access to a relatively large number of educators who deliver great value for money and some provide their services for free: John Foreman, Pride Educators, Denise Shull in the first category, Brett Steenbarger in the second. And, […]
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Published in March 29th, 2010
BarroMetrics Views: The Greek Bailout
The immediate reaction to the plans for Greek Bailout was a weakening of the US$. But just what did the plan say? It provided for:
Greece is to borrow from the markets what it needs to pay its debts.
If Greece is unable to do this, the EU and the IMF will provide […]
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Published in March 26th, 2010
BarroMetrics Views: US$ March 25
The DX achieved my minimum target at 82.50 (basis June) and provided a DOJI.
While I expect the DX to move to 84.00, I find it worthwhile to keep the alternative scenario in mind: that if this is a US$ bear market correction and if we have achieved the minimum corrective […]
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Published in March 24th, 2010
BarroMetrics Views: S&P March 23
The S&P last night made a new high and for the first time in months, made it on normal range and volume based on this run up. But that is not to say all is perfect with the move up.
Negatives:
My sentiment services (Sentiment Trader and Whisper Numbers) have the S&P overbought.
While […]
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Published in March 23rd, 2010
BarroMetrics Views: China Reserves
On Thursday last week, I read an interesting article in the Singapore Strait Times by Yu Yongding, President of the China Society of World Economics.
I found it interesting because on the one hand, the author did a fabulous job of analysing the problems facing China’s reserves: it is holding US Treasuries and […]
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Published in March 22nd, 2010
BarroMetrics Views: Gold March 22 2010
Gold is providing a low risk short.
I see usually see a sideways market as a Market Profile bell curve. Figure 1 shows how I ’see’ Gold’s structure. The key levels to watch are 1149.00 and 1095.00
Since the market is in congestion and we are coming off the Primary Buy Zone […]
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Published in March 21st, 2010
BarroMetrics Views: The Obama Health Scheme
There are a couple of things we know about the Obama Health Plan.
The US public is against it: see all the polls in RealClearPolitics.
If we go past the accounting smoke and mirrors, it’s going to push the US deficit even higher: see Paul Ryan’s excellent analysis on U-tube. (http://www.youtube.com/watch?v=zPxMZ1WdINs&feature=fvw)
There are […]
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Published in March 19th, 2010
BarroMetrics Views: “Normal Volume and Range”
Robert, a Forum-Twitter subscriber, asked me how I work out ‘normal’ range and volume.
The software I use, Market Analyst, calculates the mean and standard deviation of average true range of the bars bounded by two dates. I use Barros Swings to identify the dates.
My historical norm is usually determined by […]
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Published in March 18th, 2010
BarroMetrics Views: ‘The Death Zone‘
Baz asked: “When is a Death Zone not a Death Zone?”
To answer that question, I’ll identify the zone, explain the rational and assumptions, then answer Baz’s question. The blog must necessarily be a summary of the material in Nature of Trends that ran for most of a chapter.
The Death Zone occurs […]
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