https://www.peterlbrandt.com/wp-content/uploads/2017/05/Alert-on-US-Dollar-May-3-2017.jpg450640Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2017-05-03 16:00:082017-05-03 16:00:08Alert on US Dollar, May 3, 2017
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
https://www.peterlbrandt.com/wp-content/uploads/2017/02/Member-only-QA-this-Thursday-February-9th-at-11am-Mountain.jpg523800Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2017-04-20 22:13:172017-10-27 14:32:59Factor Member April 2017 Webinar