Recorded Live March 11, 2025

Overview 

• Q&A

Questions from Members  

1. In your Nov. 20 webinar, you showed where to place the first contact point in a symmetrical triangle count. This was very helpful. Could you please do the same for right angle triangles and wedges? 1:02
2. Are you still short the DJ? 3:03
3. Have you backtested manually or automated? What were the results, and what set of parameters did you do? 4:14
4. Please explain why you chose 0:00 UTC as Bitcoin's closing time and, since Bitcoin trades 24 hrs/day, whether you might choose another closing time if it showed a cleaner pattern at the risk of overfitting. 7:02
5. I would love to know the frequency in which you scan the futures markets, both continuously and monthly, and which global (non-US) futures markets you also monitor. 9:07
6. How is your health doing? 17:09
7. Can you please show how you enter orders? Please elaborate on the entry and exit tactics you have used since publishing your book. (ATR also explained) 19:50
8.  In CMT manual 1, it has Elliot Wave theory with entry points. I know you don't like Elliot Wave theory, but do you know anyone who uses it successfully with chart patterns? 28:06
9. In your post about yesterday's MES-055, you mentioned a retest of ATR. Can you explain this further? 30:39
10.  When you announce a position, what is the price you are using for entry? 33:55
11.  Can you discuss more about retirement account investing with self-picked stocks, including how to control risk, position size, etc.? 34:39
12. This has been asked several times, but can you please give an example of 3DTSR? 37:48
13.  What do you think about the wheat chart? Do you believe there is a double bottom formation in the May contract? 41:27
14. Do you do add-ins, and how many have you had at one time? Are they all the same risk? 43:19
15. Had ES sold off too far to sell an ATR retest? Usually, how much of a move is too big to sell an ATR retest? 44:57
16. When conditions get choppy and volatile, is it better to switch to more active management, i.e., 4 hours to capture profits, or more wide-ranging weekly with a smaller size? 46:48
17. Why did you get rid of the anticipatory unit? 48:05
18. What do you do if a pair has high swap fees? The holding fees can add up on specific pairs. 49:50
19. Your equity curve is impressive. I'm trying to smooth out my equity curve. Any suggestions for doing this would be appreciated. (I have to find my way.) 51:03
20. Can you take a copper look? As a leading indicator. 54:07
21. As you don't do backtesting, how would you build confidence in the system or approach? 56:49
22. Is the Crude weekly $65 breakdown a legitimate signal? 59:27
23. Please share your perspective on XRP. 1:02:23
24. Could you please explain how your trademark pattern, the ottoman chair pattern, works? How to identify it, signal, stop, calculate the target, etc. 1:04:26
25. Following on the Bitcoin closing time question. Given that most physical gold trading happens in London, would you also consider London Time when trading CME gold, even if only for confirmation of the New York close? 1:06:38
26. What could be a re-entry into Gold trend? 1:07:42
27. If the stop is miles away from the first candle that breaks, where do you put your stop? 1:13:18
28. Can you share the AA Current Watch List? I know there is a watchlist on the website. Can it be updated to match your current list? 1:14:30 
    1. Market Symbol List
    2. Video - Full Chart Scroll with Peter (1hr 13min) 
29.  How do you protect yourself from third-party risk? (Counterparty risk) 1:15:08
30. How much open risk on total equity do you allow? 1:18:01
31. If you have four trades triggering the same day, will you take all of them? Will this change your size? 1:19:26
32. You add to positions on a short flag/pennant in a trend but also say you don't believe in pyramiding. How are these different? 1:20:43
33.  What is Peter's thoughts on Dow Theory as a technical tool? 1:21:58
34.  What do you think about the long-term trend in stocks? At this stage of the market, is it the right moment for investors to buy ETF SPY or something similar for a longer period, given the decent reverse from the ATH? 1:22:36
35. Why do you consider an afootshot a signal? 1:25:22
36. When you used the pyramid, was it adding to your bottom line? 1:26:05
37. Has Crypto been leading equities for a risk indicator? 1:26:21
38. Why not trade Monthly setups with Weekly execution? 1:27:47
39. In ZW - Can it also can be interpreted as a h and s failure instead of ottoman? 1:29:29
40. What about Silver? 1:30:03
41. How would you trade if you had around 100k account today and wanted to grow it into something significant? 1:31:08
42. After moving your SL to BE and before price reaches 70% of your initial target, do you ever manage your trade?1:34:31

Link to Peter's recommended reading list on Amazon 

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