Announcing Factor – Tech Charts Association
/by Peter BrandtAnnouncing Factor – Tech Charts Association
Today I am extremely proud to announce the association of Factor Trading with Aksel Kibar’s – Tech Charts service. We recorded the below video yesterday to discuss the association and what members could expect from Aksel and the Tech Charts service. Below the video are details on how to follow Aksel and his service until the new service goes live. I encourage all to check out his global equity market reports.
plb
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More About Tech Charts and Aksel Kibar
Join his free mailing list and be alerted on when he publishes his free (until launch) Global Equities Market Report and all classical chart break out alerts. Sign up here: >> Link
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Factor Update on Currency Markets — April 26, 2017
/by Peter BrandtEuropean interest rates and EUR/USD
/by Peter BrandtCanadian Dollar
/by Peter BrandtNot So Sweet
/by Peter BrandtSugar Futures – Not So Sweet
The Mar 2018 Sugar Futures contract has completed a 10-month failure top on the weekly and daily graphs.
The daily chart displays a possible 3- week bear pennant. I am interested in shorting Sugar Futures, even though it has fallen a long way from the Oct 2016 high.
Factor Membership
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Peter Brandt is a 40+ year veteran of trading. Through his Factor Service, members receive:
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View your Factor Member options here. You could consider your membership in the Factor Service as just one more trade. If the Factor Service is not of value to you, well, it is just one more trade that did not work. Through the Factor Service I endeavor to alert novice and aspiring traders to the many pitfalls you will face – and to offer advice on overcoming those pitfalls. My goal is to shoot straight on what trading is all about. For more information watch my 30 minute webinar where we cover the Factor service in depth.
I hope you will consider joining the Factor community.
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Factor Update, April 23, 2017
/by Peter BrandtFactor Member April 2017 Webinar
/by Peter Brandt- Factor Tracking Account Update through April 13, 2017
- Drawdowns
- Underwater Curve
- Factor Chart Pattern Trading Grid: Trade Management / Pattern Eligibility Time Framing
- In last months Q&A, you mentioned having reduced the trades from 20 to about 8 per month (you have noted this a number of times before of course) due to the break outs not being as successful in years past. You have resorted to 10+ week patterns. Based on that, does it stand to reason there is a substantial lessening in the amount of money that can be made trading classical patterns vs. years ago? 24:49
- In trading grains (corn, soybeans, wheat), is seasonality a useful information? Does Peter rely on such data in addition to classical charting? 26:34
- There is an alert on TLT which says a close above 123.31 is the trigger. Should a limit order to buy be placed at 123.31 with the target being 128.93 as shown on the alert or do you wait for the close to be above 123.31? I do not see a recommended stop, so I would think it to be the double bottom around 123. 28:39
- What’s your view on Sugar? 32:12
- Gold has broken up this week and USDJPY has broken down — the negative correlation between gold and USDJPY continues. How much longer do you think this correlation will continue? 34:05
- From observing your approach, you seem to primarily trade trends. Have you every thought about trading ranges? 35:09
- What do you think of EUR/SGD? 36:22
- As a discretionary trader, how can I know I have an edge? As a chart pattern trader, do I need to do the backtest? 37:43
- Do you believe the markets are or can be manipulated by the "market makers"? Do you consider this in your trading? 39:03
- Is there a way to trade volatility? Surely, it will lift significantly at some point, VIX? 40:31
- Lets say with intro of quants and computer programs to do the trading, do you believe chart patterns is becoming obsolete. In old times, market was 100% psychology but computer and quants take psychology out of market and their share of trading is increasing, would patterns still be relevant in future? 41:11
- Bonds broke out to the upside and small caps look weak. But you're not in either? 42:25
- You spoke glowingly about your being able to have a life as a trader. You have also mentioned it is now very competitive to trade. Would you then recommend that an individual in 2017 make a career of being a trader as you are? 43:18
- Would it be helpful to learn a programming language to be able script simulations on potential filters, rules, etc. 44:43