Ray Barros

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High Math and the Trader

Due to a recalcitrant nature, my secondary education was sadly lacking so far as physics, chemistry, alegbra, arithimetic and geometry were concerned: from Form 1 to Form 5, I never passed a single exam in those subjects. Indeed, I had to ‘escape' to Sydney to have a chance at University. Once there I turned over a new leaf, and managed a ‘A' in General Maths in the Leaving Certificate.

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Votes:13
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Why Traders Fail

Today I was going to comment that part of the success equation on which newbies focus: the trading methodology. Specifically I wanted to ask the question: what constitutes a robust plan?

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S&P 500 Edging Towards a Bounce

The problem plaguing the market heretofore has been two-fold: a lack of buyers on the retail side and deleveraging on the institutional side of the aisle. In an all-out liquidation market cycles, support levels and technical indicators are of little to no use until the panic subsides and a level-headed approach prevails.

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S&P 500 at Crossroads: How You Might Trade It

The S&P is at a crossroads. If I see acceptance below 741 (cash basis) in the form of a bear bar (close no higher than 1/3 of the range from low, open no lower than 1/3 range from high), that will be enough to suggest that we have a downside breakout. The first target will the Maximum Extension at 641 (basis cash). Acceptance below that provides a target to 370 to 294.

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Current Resistance & Support on the S&P

The S&P market broke down last night invalidating Tuesday's buy setup and at the same time confirming that the bears are in control. Normalized volume expanded with the down move and market closed in the bottom 25% of the range - showing strong bearish conviction.

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