Thanks for sharing your trading knowledge! Like jeclark72 above, I am a total newbie to trading. I am trying to learn before I invest anything. I have an account with TD Ameritrade but have heard of other trading sources that cost as little as $1 per trade. Can you recommend a trading house and or software for tracking the energies you teach?
in your method how do you quantify a momentum equal to 0 ( no momentum at all) versus a downside moderate momentum ( 50% of max down), when the other 4 energies are indicating an UPSIDE move.
True - Whatever your approach, higher probability trades occur infrequently. So if you have the psychological need to trade often, then you'd have to take lower probability trades. In my method we "score" trades 1-5 based on the number of energies that align. That allows you to know the probability of the trade, and then each trader can decide, based on their risk tolerance vs. their need for trading frequency, whether they want to trade setups that score 3, 4 or 5.
Ali, the market will not give you the best of both worlds. That's the reality. If you ignore that it will lead to failure in the markets. You must be more patient ... and you can't trade your "need." Rather you must make the market come to you. Stay in control, be patient, and never trade from a position of need or desperation. It doesn't work!
I'm a young, new trader. How would one go about measuring the energies you talked about?? Would I have to aquire some computer software that is capable of measuring the energies, to make a decision based on your method of analysis?
Nice approach to forex trading.- mathamatical, logical, makes sense.
BookonForexTrading 1 week ago
wonderful information, thx a lot.
drumfisch 8 months ago
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Interesting video - friend and subscribe for day trading, day trader, day trade videos, technical analysis...
DayTradersWin 9 months ago
really good forex site bit.ly /aLZCmk
CrunkBeatz87 1 year ago
Thanks for all your work Barry, lovin' the courses.
Jon
SilverShamrock71 2 years ago
Do anyone know where I can go to find company spinoffs or other corporate events for free?
Tekkenen 2 years ago
Great Aproach! 10 Stars!
Ellinasforever 3 years ago
Dr. Burns,
Thanks for sharing your trading knowledge! Like jeclark72 above, I am a total newbie to trading. I am trying to learn before I invest anything. I have an account with TD Ameritrade but have heard of other trading sources that cost as little as $1 per trade. Can you recommend a trading house and or software for tracking the energies you teach?
k2t1 3 years ago
Thank you Dr. Burns! This is just what I was looking for: An objective approach to trading and a way to create "probablity trades".
MickWiser 3 years ago
Very nice analysis and approach . THANK YOU .
salike88 3 years ago
nice approach
in your method how do you quantify a momentum equal to 0 ( no momentum at all) versus a downside moderate momentum ( 50% of max down), when the other 4 energies are indicating an UPSIDE move.
thanks for your response, dr Barry
braileanul 4 years ago
I think it's hard to find trade that has all enegies align together.All the energies are important and inter related to each other.
Based on yr approach to trading,will you take the risk if you can only find trade that has 3 or 4 energies align?
Thank you for sharing yr experience and knowledge.
Ali
blogger63 4 years ago
True - Whatever your approach, higher probability trades occur infrequently. So if you have the psychological need to trade often, then you'd have to take lower probability trades. In my method we "score" trades 1-5 based on the number of energies that align. That allows you to know the probability of the trade, and then each trader can decide, based on their risk tolerance vs. their need for trading frequency, whether they want to trade setups that score 3, 4 or 5.
TopDogTrading 4 years ago
Thank you for yr sincere reply.
As you said,I'm in need to trade often to grow my money but at the same time my risk tolerance is lower.what is yr advice based on my need?
Thanks and Cheers
Ali
blogger63 4 years ago
Ali, the market will not give you the best of both worlds. That's the reality. If you ignore that it will lead to failure in the markets. You must be more patient ... and you can't trade your "need." Rather you must make the market come to you. Stay in control, be patient, and never trade from a position of need or desperation. It doesn't work!
TopDogTrading 4 years ago
great presentation!
bkovachev 4 years ago
I'm a young, new trader. How would one go about measuring the energies you talked about?? Would I have to aquire some computer software that is capable of measuring the energies, to make a decision based on your method of analysis?
jeclark72 4 years ago
Hi jeclark72,
The energies are measured with standard technical analysis indicators that most all charting software has.
TopDogTrading 4 years ago