People often ask me to summarize my approach to trading. This video does just that. This is my logical and objective approach which looks at what “IS” in order to make decisions about what to do.
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?
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.
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.
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?
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!
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 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?
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?
great presentation!
Hi jeclark72,
The energies are measured with standard technical analysis indicators that most all charting software has.
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
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.
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
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!
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
Very nice analysis and approach . THANK YOU .
Thank you Dr. Burns! This is just what I was looking for: An objective approach to trading and a way to create “probablity trades”.
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?
Great Aproach! 10 Stars!
Do anyone know where I can go to find company spinoffs or other corporate events for free?
Thanks for all your work Barry, lovin’ the courses.
Jon