https://www.peterlbrandt.com/wp-content/uploads/2017/09/Screen-Shot-2017-09-12-at-6.28.20-AM.png338336Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2017-09-05 07:37:432017-11-28 08:53:12JC Parets interviews Peter Brandt on The All Star Charts Podcast
Factor Member webinar and Q&A with Peter L. Brandt - Recorded live July 6, 2017Opening Market Review with Peter
For this webinar Peter will go through his process of reviewing charts, identifying candidate trades for the period ahead, determining tactical considerations and entering orders.
Live questions from Members
Could you talk more about your data feed, Trade Navigator. Do you import from other feeds as well? Why do you like it? 35:24
Please make a quick follow up on the ED6vsED12 trade opportunity. 37:17
You noted the possible move up in Wheat a few weeks ago. Was the pattern for the upturn that evident versus what you had seen for the last few months? 38:50
I have a question on the below point that Peter made in his blog — “Never, I mean never, place resting stop orders in the overnight markets. Limit orders are ok. The overnight market represents a den of thieves.” Please explain 43:18
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 Brandt2017-07-07 12:01:072017-10-27 14:31:04Factor Member July 2017 Webinar and Q&A
https://www.peterlbrandt.com/wp-content/uploads/2017/10/Screen-Shot-2017-10-24-at-6.49.17-AM.png111344Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2017-05-23 07:13:502017-10-24 07:54:54The Economic Times May 23, 2017
Factor Member Q&A with Peter L. Brandt - Recorded live May 11, 2017Opening discussion/presentation by Peter
Factor Tracking Account Update
Current Market Conditions
Live questions from Members
You used to report your prop account trading but no longer do so. Do you plan to provide this information again? 15:09
In your vast experience is it best to: 1. Buy a partial position in anticipation of a break out? 2. Enter a buy stop just above the break out point? 3. Wait for the 3% close above the ice line and enter at the end of the day this occurs? 17:01
Referring to the Portugal PSI-20 Index analysis published by FACTOR: Why is the 17 year bear market close to an end if the trendline hasn't been broken yet? What characteristics is Factor seeing on the triangle pattern to validate a break on the respective down-trendline? 21:01
FACTOR published a chart regarding EUR/GBP in February. Head and shoulders weekly structure seems to be completed, whats your opinion about this trade? Is this head and shoulder formation still valid? 23:17
About the Ripple (XRP) Cryptocoin: Major banks and financial institutions are really interested in this cryptocoin and they are even testing it on big transactions. Do you see a huge buy opportunity in here? Or do you think it will be a pump and dump situation? 25:33
Your thoughts on the gap in NZD/USD? 26:53
Which vendor would you recommend to trade Forex? No, of course to IB. 28:43
How do you manage a runaway profitable position (e.g., bitcoin)? Take all profits at a target price or sell in increments (e.g., 10% @ x, 10% @ y)? 30:49
How do you deal with a situation where two charts are telling you two different stories about something specific? If we can use a recent experience as an example. The dollar index looked bullish to me (descending wedge), whilst the EUR/USD chart also looked bullish to me (recent break higher). Do you: A) Trade both? B) Trade neither? C) Make a decision as to the more compelling trade and trade that one only? 33:11
I trade across multiple asset classes. The one that I am least familiar with is the commodity market. Are there any specific nuances to the way this market trades that stand out to you as important to understand as contrasted with other markets to help guide my trading here? 35:41
In recent Factor updates, you review the UBS AG@NYSE chart. I had to play around with the “unsplitting” of the prices….this is not something I recall being mentioned in determining the appropriate view of any charts. What is the significance of split versus unspilt prices? How would a trader know when this might be factor in the version the chart being viewed? 39:18
Do you know what percent of your members trade full time? 43:25
You wrote that grain markets are in a long bottoming process. What patterns, signals or clues do you look at during the coming weeks to confirm that bottom is completed? 44:46
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 Brandt2017-05-18 15:37:072017-10-27 14:32:15Factor Member May 2017 Webinar
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
JC Parets interviews Peter Brandt on The All Star Charts Podcast
/by Peter BrandtFactor Member July 2017 Webinar and Q&A
/by Peter Brandt- For this webinar Peter will go through his process of reviewing charts, identifying candidate trades for the period ahead, determining tactical considerations and entering orders.
Live questions from Members- Could you talk more about your data feed, Trade Navigator. Do you import from other feeds as well? Why do you like it? 35:24
- Please make a quick follow up on the ED6vsED12 trade opportunity. 37:17
- You noted the possible move up in Wheat a few weeks ago. Was the pattern for the upturn that evident versus what you had seen for the last few months? 38:50
- I have a question on the below point that Peter made in his blog — “Never, I mean never, place resting stop orders in the overnight markets. Limit orders are ok. The overnight market represents a den of thieves.” Please explain 43:18
- Would you go long JJG and/or DBA given your view that grains have higher to go from here? 44:51 - Document referenced in answer from our Member Library - Trading futures and forex related ETFs is a foolish use of capital
- EUR/NZD 46:26
- What do you think about the potential rectangle completed in bunds today? 48:29
- What is your opinion on SDG/JPY? 50:55
- On gold where do you target the downside and what is your stop on the upside? 51:28
- What about considering EUROSWISS spreads in addition to an outright short position (similar to the idea behind the eurodollar spreads)? 52:49
- Once you are in a trade, how often do you adjust your stops? Daily? 54:51
- Do you use Gain Capital for forex? 56:35
- Role of volume in Head and Shoulder pattern...Where can we read more up? 57:26
- Peter any thoughts on AUD/NZD. It's done nothing for 3 years… 58:01
- Would you consider the Coffee ETF JO to be in a falling wedge since 11/7/13? 58:52
- Where do you get the commercial/specs positions data? 59:15
- Do you also look at seasonality tendencies? 1:00:35
- Have you done some studies on using a moving average vs the 3 day rule at 70% to exit? 1:01:17
- Do you take the dollar into consideration when trading NZD/USD or other major pairs? 1:01:57
Read MoreThe Economic Times May 23, 2017
/by Peter BrandtFactor Member May 2017 Webinar
/by Peter Brandt- Factor Tracking Account Update
- Current Market Conditions
Live questions from Members- You used to report your prop account trading but no longer do so. Do you plan to provide this information again? 15:09
- In your vast experience is it best to: 1. Buy a partial position in anticipation of a break out? 2. Enter a buy stop just above the break out point? 3. Wait for the 3% close above the ice line and enter at the end of the day this occurs? 17:01
- Referring to the Portugal PSI-20 Index analysis published by FACTOR: Why is the 17 year bear market close to an end if the trendline hasn't been broken yet? What characteristics is Factor seeing on the triangle pattern to validate a break on the respective down-trendline? 21:01
- FACTOR published a chart regarding EUR/GBP in February. Head and shoulders weekly structure seems to be completed, whats your opinion about this trade? Is this head and shoulder formation still valid? 23:17
- About the Ripple (XRP) Cryptocoin: Major banks and financial institutions are really interested in this cryptocoin and they are even testing it on big transactions. Do you see a huge buy opportunity in here? Or do you think it will be a pump and dump situation? 25:33
- Your thoughts on the gap in NZD/USD? 26:53
- Which vendor would you recommend to trade Forex? No, of course to IB. 28:43
- How do you manage a runaway profitable position (e.g., bitcoin)? Take all profits at a target price or sell in increments (e.g., 10% @ x, 10% @ y)? 30:49
- How do you deal with a situation where two charts are telling you two different stories about something specific? If we can use a recent experience as an example. The dollar index looked bullish to me (descending wedge), whilst the EUR/USD chart also looked bullish to me (recent break higher). Do you: A) Trade both? B) Trade neither? C) Make a decision as to the more compelling trade and trade that one only? 33:11
- I trade across multiple asset classes. The one that I am least familiar with is the commodity market. Are there any specific nuances to the way this market trades that stand out to you as important to understand as contrasted with other markets to help guide my trading here? 35:41
- In recent Factor updates, you review the UBS AG@NYSE chart. I had to play around with the “unsplitting” of the prices….this is not something I recall being mentioned in determining the appropriate view of any charts. What is the significance of split versus unspilt prices? How would a trader know when this might be factor in the version the chart being viewed? 39:18
- Do you know what percent of your members trade full time? 43:25
- You wrote that grain markets are in a long bottoming process. What patterns, signals or clues do you look at during the coming weeks to confirm that bottom is completed? 44:46
Read MoreFactor 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
Live questions from Members- 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
Read More