Chart trading for dummies
- Posted by PeterLBrandt on May 16th, 2012 at 9:12 am
- Comments: 0
Disclaimer: I acknowledge that there are some excellent and consistently profitable traders that view the use of charts very differently from me. I honor you in your specific way of using charts. I in way way intend to discount your use of charts through this post.
Notice to those considering the June Boot Camp. There has been a strong demand from last year’s Boot Campers to attend again this year. My preference is to bring new people into the community. I will begin releasing seats to last year’s Boot Campers next week, so you must act between now and Monday at noon (MST) to secure a seat.
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MAJOR top completed today in Russell 2000 & NYSE Composite
Posted by PeterLBrandt on May 14th, 2012 at 5:12 pm, Comments: 0The Head and Shoulders pattern signifies a major trend change. The Russell 2000 and NYSE Composite daily charts completed H&S tops patterns today. The [...]
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A perfect example of how HFTs pick your pocket — courtesy of the CME Group
Posted by PeterLBrandt on May 11th, 2012 at 10:50 am, Comments: 0Pocket picking at the CME Group (@CMEGroup, $CME) — how the electronic futures trading platforms cannot control volatility creation by the HFTs Two charts [...]
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So much for a buy and hold strategy on higher commodity prices
Posted by PeterLBrandt on May 10th, 2012 at 2:40 pm, Comments: 0Pictures speak louder than words By the way, do you know why base metals such as Tin and Aluminum (and others) have collapsed [...]
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Why high/low/close bar charts have become worthless
Posted by PeterLBrandt on May 8th, 2012 at 11:56 am, Comments: 0In the modern era of trading, the intraday violation of a chart boundary line has become meaningless There was a time long ago (10 [...]
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Head and shoulders tops near completion in the NYSE Composite and Russell 2000
Posted by PeterLBrandt on May 6th, 2012 at 7:11 pm, Comments: 0These H&S tops are mini versions of the same patterns completed last August — and they could result in similar outcomes The major bull [...]
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Gasoline prices: 2012 vs 2008
Posted by PeterLBrandt on May 4th, 2012 at 11:24 am, Comments: 0“Those that cannot remember the past are condemned to repeat it” George Santayana, 1906 Oh, how soon we all forget! See linked story from [...]
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Precious metals are at “do or die” spots on charts
Posted by PeterLBrandt on May 3rd, 2012 at 12:48 pm, Comments: 0On April 24 I posted a blog stating that Gold was within a week or so of declaring its next $250 move. See here. [...]
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Small spec becomes the big long in S&P futures — Oct. 2007 revisited
Posted by PeterLBrandt on April 30th, 2012 at 6:47 am, Comments: 0Is the calf being led to slaughter — again? Photo courtesy of PETA ( : – ) In the futures market typically the [...]
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Gold is within a week or two of declaring its next $260 move
Posted by PeterLBrandt on April 24th, 2012 at 9:24 am, Comments: 0The lines in the sand have been drawn. The fireworks will soon be lit. The only unknown now is the direction the next significant move. [...]
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Peter Brandt entered the commodity trading business in 1976 with ContiCommodity Services, a division of Continental Grain Company. From his start in the commodity industry, Peter's goal was to trade proprietary funds. But, he first needed to learn the business. More » 
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