How to Apply The Ideas? (Success Series)

BarroMetrics Views: How to Apply The Ideas? 

Ideas? What ideas?

The topic we have been covering. How do we apply the Barros Swing and Ray Wave to identify the trend, and answer the question, ‘continuation or change?’

I have created a 9-minute video to illustrate their use.

 https://dl.dropboxusercontent.com/u/10422981/2016-04-11%20Blog.wmv

Note that you will need to download the file to your PC.

18 thoughts on “How to Apply The Ideas? (Success Series)”

  1. Thanks for that video Ray. Visual with audio explanations really helps.

    On a separate note I came across what I think is a good article to illustrate how mechanical momentum based systems were tested using a variety of momentum indicators.

    http://backtestwizard.com/testing-different-momentum-rules/

    “In this article I will test a variety of different momentum indicators which can be used to build a long only equity portfolio which has historically outperformed the market.

    To begin with, we need a baseline momentum strategy…”

  2. Hi Chris

    Thanks for the comments and article.

    Very interesting article. Even though it’s on stocks, I think the ideas are applicable across markets.

  3. I could not agree more regarding the application to any tradeable market with the appropriate filters.

    In many cases the actual code is available for free. Personally I do not use AmiBroker however many of the mechanical/quant traders do. Bandy and many others make code available for free.

    So at very little cost people can test and tweak. The current state of play is eons away from when I first started.

    The quality of the material that Ray shares is incredible IMO. He does not bang on about Ray Waves etc but rather he shares the results of countless hours of his own time spent reading and money spent regarding the mind side (mind, money, method) e.g. ACT, cognitive biases and so on as well as the money and method aspects.

  4. They are not out of kindness.

    I have been around the trading world for over 25 years and I have invested 100s of hours and some significant dollars learning (not in loses thankfully).

    I saw you talk once in Sydney IIRC then Greg Burns and I met with you in your Market Street office IIRC.

    You may not know it but what you said that day sat me on my arse big time. When in a very matter of fact manner you spoke about edge, stats and so much more. I still have my hand written notes from that day and your talk.

    You were and still are an absolute standout.

  5. Hi Paul

    I was brought up in the Catholic faith. But, one of the lessons I disagreed with was this idea we should not praise – especially when it comes to children.

    A friend’s daughter says she has never heard her mother praise her. That is so sad, especially when you consider that she is constantly praising her daughter to me. But she won’t tell her offspring that she is extremely proud of her daughter’s accomplishments.

    Sincere praise is something we as humans need for our own well being.

    As your article says…..”When someone compliments you on a job well done, smile, say thank you….But don’t let it go to your head.”

    Now that’s a sentiment I agree with.

  6. Paul,

    I took your first post in good humour as you used :).

    Personally I find your second post troubling from the perspective of a) that an intelligent adult holds attitudes like that and b) it has nothing to do with a trading blog.

    Beliefs like this:

    “I was taught that one of the best ways to destroy a person (by the devil) is to praise him continually” are disturbing no matter what one’s faith.

    Then again if you were taught it you can also learn to defuse from it should you choose to do so.

  7. hi Ray and chrisj,
    Please don’t get me wrong that I disapprove of praising others and receiving praises from others.

    Just that:
    But don’t let it go to your head.

    Beware of Pride and Self-exaltation!

    Even Apostle Paul wrote:
    2Cor 12:7 Because of the surpassing greatness of the revelations, for this reason, to keep me from exalting myself, there was given me a thorn in the flesh, a messenger of Satan to torment me–to keep me from exalting myself!

  8. Paul,

    Just so I am clear as to my position IMO there is no place for unrelated Bible quotes on Ray’s blog.

    The way I see it we are guests on Ray’s trading blog and we can respectfully ask questions and try to add value to his subscriber’s trading knowledge.

    Sorry to be so direct but please express your religious zealotry elsewhere.

  9. Dear Ray;

    Can you please verify the link where you explain how do you apply the Barros Swing and Ray Wave to identify the trend?.

    I have tried the link you provided in this page but it does not work. I can not download the video either.

    Thanks in advance.

    Regards, Marcos.

  10. Ray,

    I have recently stumbled upon your blog by accident and I find it extremely valuable to a developing trader like myself. Thank you.

    The dropbox link to the referenced video is no longer available. Any chance you could make it available? Many thanks in advance.

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