Time and Price Stats Window – Video

BarroMetrics Views: Time and Price Stats Window – Video

Sorin asked two questions:

  • Did I still have the Barros Swing Videos from 2010? Answer: Unfortunately no. We lost the masters when we changed servers.
  • Could I give an example of the time and price stats windows mentioned in Nature of Trends.

That was a great request because most readers may benefit from the example. Here is the link to the video example.

 https://dl.dropboxusercontent.com/u/10422981/sorin%202014-01-31.wmv

A couple of points to note:

  1. The example focuses on the window.
  2. When deciding on a  zone, I consider the items below which I did not consider in the video….
  • What is the trend of the timeframe I am trading? Is it likely to continue or change?
  • What are the other zones projections, do we have overlap? (actually I gave this a cursory examination in the video)
  • What are the maximum and minimum boundaries of the zones? If the optimum boundary is exceeded, but the maximum boundary is intact, will I still consider taking the trade? (Answer: Usually yes, though I may reduce position size – depends on the type of trend, and other aspects of the context).
  • Assuming a breach of the maximum boundary, what do I have to see to invalidate the zone and look for a new set? (Answer: usually a directional bar against the zone e.g. a bullish-conviction close above a sell zone). What do I have to see to consider the zone still valid? (Answer: usually a rejection bar; but normally a breach of the maximum boundary would mean I reduce my position size).

Time and price stats windows provide the context for low risk, high probability zones for my trading. They may also serve your trading. I hope so.

15 thoughts on “Time and Price Stats Window – Video”

  1. Hi Ray,

    Thank you for the video, really useful information.

    I have a question on it:

    The impulse swings of 5-d are considered only those that are in the direction of the 18-d line?
    E.g. Continuing from your video with the 5-d impulse marking, going even more backwards in history, pls see the image at http://i.imgur.com/7m6D92w.png

    Thank you for your time!

  2. Hi Sorin

    Welcome.

    Re question: That’s the easy way of doing it. A more accurate way is to distinguish between impulse and corrective structures.

    I did not write about this in NOR but is taught in the Barros Swing course.

  3. Hi Sorin

    We are running a Barros Swing webinar course in March.

    I’ll include you in the list to send the details.

    Let me know if that is not OK with you.

  4. Hi Ray,

    Could you include me in the Barros swing webinar circulation also. I’ve had a similar query about distinguishing between impulse and corrective structures within the context of the higher timeframe- sounds like this would provide some guidance.

    Happy New Year & Thanks again for all the blog. Look forward to 2015.

    p.s. Am wondering whether the recent upthrust change in trend on the SP500 5d will be prove very significant to the market direction!

  5. Hi Ryan

    Welcome. I hope blog has been of some benefit.

    Sure will place you on Barros Swing notification list.

    Re possible Upthrust. Me too. At this stage the signal still needs to be triggered.

  6. Hi Ray,

    I have another related question, I have programmed BS for my platform and I have huge problems with the 10% filtering using the adjacent swing of the 1st lower timeframe. Am a programmer by day job and this is one of the ugliest things to code that I have ever seen lol. Part of the issue is also the prgramming language of the platform which is pretty limited.

    Do you think the results are greatly skewed if I use 10% of the prior swing of the same timeframe?

    Thank you!

    P.S. If I ask too many questions please let me know and I’ll slow it down.

  7. Issue started when I tried to duplicate your BS swings on AUDUSD from the above video. Initially I coded it without a 10% filter thinking is not that important. However, my BS swings is obviously pretty different compared with your video. I observed that without filtering too many little swings appear.

    In this particular example, adding a 10% filter using the same timeframe adjacent swing makes it look like yours. So my current assumption is that the 10% filtering using the same tf swing is much closer to to BS swings than no filtering at all.

  8. Hi Sorin

    No probs – will let you know if I start to find your questions intrusive.

    I haven’t tried 10% of the prior swing. But, as you say, it would be better than no filter.

  9. Nice catch! While that’s a pretty well coded indicator still fails to match Ray charts.

    Actually looking in the code the filtering is 10% of the 1-period adjacent swing always. By 1-period I mean platform period. So both 5-d and 18-d are filted using 1-d. Which is not BS logic.

    You can see the differences by plotting AUDUSD and GBPUSD 5-d charts anc compare them with Ray’s in here http://tradingsuccess.com/blog/wp-content/uploads/2014/06/gbpusd-18d.png and http://tradingsuccess.com/blog/wp-content/uploads/2014/09/exit-strategy.png

    Cheers

  10. Hi Sorin, Paul

    The two programs apart from Market Analyst that carry Barros Swings are NextView and MT4. Unfortunately, both fail to replicate Barros Swings correctly.

    Market Analyst is the only one that has accurate Barros Swings.

  11. Hi Paul

    MT4: probably the coding technology in MT4 is not up to the task. Same issue with Metastock. This is a guess because the MT4 programmer never contacted me.

    NextView: started the coding, but stopped part of the way through. Not all The bugs were fixed.

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