Trends

BarroMetrics Views: Trends

Yesterday, I was having a conversation with a fellow trader:

I said: “How has it been going?”

The replied: “The FX Markets have been trending, so I have been doing well!”

Coming from the mouth of a competent-successful trader, I’d accept the words at face value; but, if the words come from a novice-less successful trader, I’d say that the words mask an erroneous assumption. And, that erroneous assumption, can lead to trading losses.

So, let me put it to you, what might be the erroneous assumption behind the words? First three correct answers wins a copy of the original:

The Richard D Wyckoff Method of Trading and Investing in Stocks

If you check the link, you’ll find that the course sell for US$250.00 even though copyright has expired.

What if there are no correct answers? Then, the first three posted replies win the prize.

By the way, do not send posts to my email address. Only answers posted here qualify. Competition closes 9:00 am HKST.