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Is Classical Charting Still Valid? - September 2023 Tech Charts & Factor Webinar

Join Peter Brandt and Aksel Kibar as they answer this question. 

Webinar Outline

• Chart pattern reliability statistics (what is performing better)
• Looking at today's markets from Richard W. Schabacker's perspective
• Markets of interests, what we are currently focusing on
• More on classical charting principles
• Q&A

Live Questions from Members

1. Is this strategy scalable? Are there any scaled funds (>$1bn AUM) that use Classic Charting exclusively? 55:17
2. Can this strategy be fully or partially automated via codifying the clearly defined classical charting defined principles? 58:08
3. After I started to look at the Stochastic Oscillator, I realized that most breakout from patterns occurs when the indicator is overbought/sold on a higher timeframe. Doesn't this affect somehow the reliability of the breakout, with a higher probability of a false breakout when this situation presents itself? 59:34
4. What does Profit Factor mean? 1:00:46
5. What are your thoughts on trading classical patterns on intraday charts 1h, 4h or even on 15-min? 1:02:49
6. Why do we focus so much on win rate (batting average). Don't we care more about "slugging percentage"? 1:05:04
7. Please explain all the Breakout Types again 1:06:13
8. I have a question for Peter. From your Factor Member alerts, I note that you rarely, if ever, trade the USDJPY (while Aksel's long-term chart shows a clear break out). I am curious to know if there is any reason or past experience or learning here? 1:07:47
9. In the past statistics, is there any overlap of patterns - head and shoulders continuation and then ascending triangle overlapping at the breakout point? Are they both included in the stats, or do you maintain the longer duration pattern? 1:10:06
10. Have you experienced a drawdown like this before? Is this typical in what you have seen in your past? And will you ever adjust your strategy during long stretches of losing trades? Are you sizing down during long losing streaks or shortening your PT or tightening/loosening risk? 1:11:13
11. Do you ever consider sitting entirely in cash when the breadth of the market is the way it is, and not seeing your breakouts work? 1:13:21
12. How many times will you let yourself reenter a position that stops you out and do you change the ATR breakout level? 1:13:32
13. Instead of trading a Forex currency pair such as AUD/CAD is it possible to create a synthetic forex position by trading the futures contracts for AUD and CAD, being long AUD and short CAD if you were trying to long /CAD, and short AUD and long CAD if you were trying to be short AUD/CAD. 1:15:04
14. To clarify, is Peter bearish on the Russell 2000? 1:16:47
15. Is it a 200-period moving average on the DXY chart? 1:18:01

Recorded live 09.20.2023 Read More

Dear Factor Members, Join Peter Brandt and Aksel Kibar as they answer the question - Is classical charting still valid? Scheduled for: Wednesday, September 20, 2023, at 8:30 am mountain (register below) Webinar Outline

• Chart pattern reliability statistics (what is performing better)
• Looking at today's markets from Richard W. Schabacker's perspective
• Markets of interests, what we are currently focusing on
• More on classical charting principles
• Q&A

Read More