Tag Archive for: Monthly Webinar

Factor Member Webinar August 2018

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Factor Member Webinar and Q&A with Peter L. Brandt - Recorded live August 16, 2018 Opening discussion/presentation by Peter 
  • Twitter
  • Public obsessions 
  • Market review 
Live questions from Members  
  1. Do you think fix bet size (risk per trade) can improve performance? 11:12
  2. What were the main challenges early in to your career between age of 32 to 35. 13:37   
  3. Do you consider Long USD trades and Long treasuries a positive corrected trade? 16:25
  4. How do you overcome the fear/hesitant when buy/sell signal is triggered? How to overcome the discipline to stay on the trade plan.  If the trade signal is rare, I start to take suboptimal (lesser quality) trade. I realize it after I took it and lost money. 17:03
  5. How do you typically trade/pyramid multiple contracts? 20:38
  6. When did you first get the confidence to apply such an aggressive stop style? 21:53
  7. How many basis points are you currently risking on the various patterns? 23:04
  8. Do you have any physical/mental exercise in the beginning of your career? 25:50
  9. You often reference that you are looking for an entry but are waiting to see an opportunity risk/reward entry.  Can you help me understand more precisely what you are looking for, specifically considering that you say that one shouldn't be constantly monitoring the market. 26:56
  10. Overnight risk - How do you protect yourself for the gap if you don't activate the stop in most of the markets overnight? What if in the overnight market your 60 basis points risk tolerance has become 150 basis point, and that creates a gap at the open for a big loss? At that point do you exit right at the open or do you wait and see? Is there a list of markets that you think overnight stop orders are OK. Is overnight order to be stopped into a position OK? 29:44
  11. I have been reading your book in depth (ever since the conference in May in FL).  I managed to get 5th and 6th Edition of Edwards & Magee's book "Technical analysis of stock trends" - I know you say to read first half of the book.  But which section is this.  Are you talking about the book being split into Part One and the chapters in it. Part 2 has some chart topics too...or should I only focus on Part 1 area and which is better book Edition 6 or 5? 32:48 
  12. Can you tell us your experience with limit up/limit down? Does it still happen? How would we prepare ourselves to be never caught up by them if/when it happens again? 34:20
  13. Thoughts on: 1. Dow - with yields expected to go lower and a rotation into industrials, do the charts support the thesis that YM would be the preferred long in US equities? 2. Platinum: positioning in PL is extreme and we seem to be close to capitulation. Are you watching this market? 35:28
  14. I understand the goal is to move stop to break even as soon as one can. But is there a rule to follow? Any systematic way to think about it? 4-hour chart support? Daily movement percentage? Can you show us some recent example? 37:38
  15. Can you give any advice on what brokers, etc. to use to trade cryptos? 40:07
  16. Right now, IF I want to short oil, is it better to go with Brent or WTI? Why? I'm more interested in your thinking and not really taking a shot right away. 41:39
  17. I'm a new trader and your "Introduction to Probability Theory and the Random Distribution of Results" really hit home with me. Where can I find the calculation details you used so I can run different scenarios? 42:44
  18. Where can we get more info on: 1. Volume in conjunction with H&S or other breakouts 2. interpretation of COT profile, Commercial long and Spec short 43:44 
  19. How would you rate the current environment in terms of trading richness? 44:35
  20. Who do you trade Cash FX with? 45:37
  21. Whats your decision process to long S&P500 vs Russel, NASDAQ100 or Dow? 47:05
  22. Can you elaborate more specifically on issues you have with calling H&S pattern in $EUR-USD? 48:21
  23. Can you show the NZD/USD trade, and where you would set stops along the way.  Also with the big margin $38K, contrast that to doing 6N futures instead. 49:42 
  24. Why it is difficult to make money in market? From your experience, why are the majority losing traders? 51:06
  25. Do you have a certain way of journaling each trade? Do you have an exact trading plan written down and referenced often? 54:55 
  26. Do you play any card games or have, that you may think helped you blackjack / poker? 55:36 
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Member only Q&A with Peter – Thursday, August 16 at 8am Mountain

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Factor Member Webinar July 17, 2018

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Factor Member Q&A with Peter L. Brandt - Recorded live July 17, 2018 Opening discussion/presentation by Peter 
  • Factor Tracking Account Update
Live questions from Members  
  1. What are your thoughts on the current movement in gold? 11:06
  2. Does Peter think to have a macro perspective (for example, follow things like RealVision) is an advantage when trading Factor principles or a disadvantage? 13:39
  3. Wedges: preceding action - Sometimes wedges form after a strong move in the opposite direction. 15:32
  4. Would you have made more money if you had traded Stocks only? 16:29
  5. Do you trade the commission or non-commission forex pairs usually? 17:23
  6. This is a two part question. In one of your recent newsletters, you mentioned that you have changed to trade management approach during the last few years, namely selling half when reach 100bp in profit and raising stop to even as soon as possible. But that selling half into strength part is not always included in your Factor analysis. So my question is 1. Do you do this differently in your prop account, but not in the Factor account? 2. How do you reconcile that by selling half earlier, it will be much more difficult to get the "bottom liners"? 18:22 
  7. How much emphasis do you place on volume these days? Can you please speak a bit more how you view/use volume when trading futures/forex? 22:45
  8. Do you or have you ever looked at Fibonacci analysis? If so, which levels have you found to be most consistent (even though you might choose not to use them at this stage)? 25:00
  9. How you decide to move stops, did not understand the real tight move in the IWM based on volatility. 25:29
  10. I understand that Peter has been cutting down trade size dramatically since about the book "Diary" time. The main reason behind that is because Peter is approaching the retirement age or he simply believes the time has changed and trader shouldn't take 3% loss anymore. 27:54
  11. I’m curious to your average risk sizing YTD. Seems like LDR has been difficult to apply on $100k account size. Are you applying different initial risk tactics recently? 29:05
  12. You've mentioned that you don't trade single name equities and from what I recall that decision is driven by the leverage that can be applied. Am I correct in my recollection? If you could lever single name equities like futures would you trade them? 32:16 (Link to document referenced https://www.peterlbrandt.com/trading-futures-forex-related-etfs-foolish-use-capital/) 
  13. The death cross of the 30 week MA and the 50 week MA will happen in around 3 weeks. In case that the $5750 was the market bottom what are the possibles outcomes which the market could react when the death cross happens? Usually the market makes lower lows when this happens. 33:35
  14. How do balance aggressive risk management with "letting winners run”? 33:53
  15. Double tops / bottoms - I don't see many of these on your reports. Is there any particular reason for t his? 36:22
  16. Both E&M and Schabacker were written with single stocks in mind and with the Daily charts as primary tool of analysis. Your Q&A says (And this is clear from your reports) you don't generally follow single stocks. E&M and Schabacker were very confident that these methods work for single stocks. Do you think they work less well nowadays? Or do you think someone who applies your trading methods to liquid single stock should achieve similar returns to what you achieve on currencies, stock indices and commodities? E&M required a 3% margin of safety to accept a trading signal. Do you think that is still optimal for single stocks? 37:26 
  17. You've mentioned your experience of loneliness while trading - How do you address this? Outside of the Factor Community, how have you built and managed relationships as a lonely trader? 41:09
  18. When do you consider fundamentals or look at fundamentals? If you don't how do you manage the media/news/information around fundamentals? 42:58
  19. What makes you think your strategy needs adjustment and how often do you review your strategies for adjustment? 44:33
  20. If BTC has an INTRADAY WBB Candle breaking out above $6829 (completing the 5 Week H&S Bottom) combined with Volume Breakout and Diverging Bollinger Band s, how sure can we be that it does not come back under 6829 by 00:00 UTC (end of day)? What is the strategy for that? Stop-Loss at ~$6750? 46:38
  21. The H&S failure is the only failure that you actually trade. Since so many of the formations fail - by your own admission you expect a trade to fail at inception, as the winning percentage is below 50% - do those failures themselves present trading opportunities with manageable risk? 51:14
  22. Would you have traded Feeder Cattle Head and Shoulders. I did today and got stopped out. 52:26
  23. You mentioned the other week that over time you’ve added chart patterns to your library, and gave one example of “ottoman with chair”. Would you be able to share th e other with us over time/in a special piece. 53:18
  24. How do you determine how many bps of risk you will apply to each trade? For an account size of $250,000, trading only equities, how much do you recommend each position size be around? 53:53 
  25. Can you please speak to moving stops once position has gone your way? 55:05
  26. Do you trade BTC futures through an exchange and if so which one do you use? 56:40
Mentioned in webinar hikkake pattern 8:48 Read More

Member only Q&A with Peter – Tuesday, July 17 at 11am Mountain

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Factor LLC and Tech Chart Member September 2017 Webinar

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Factor LLC and Tech Chart Member September 2017 Webinar

Member Webinar and Q&A with Peter L. Brandt and Aksel Kibar - Recorded live September 21, 2017 Opening discussion/presentation by Peter and Aksel 
  • Favorite classical chart patterns
  • Establishing timing of entry and targets
  • Current markets
Live questions from Members  
  1. Peter: Do you track prices of rice separately or is it included in the grains chart that you already are tracking? 46:02
  2. Aksel: How important is the volume when price break out from the chart pattern? Is it more reliable with higher volume in your opinion? 47:01
  3. Either: CS - (as an example) You pull up a chart on interactive brokers, big charts, metastock, etc., and you get different break out resistance lines — what is the “official" chart? 48:23
  4. Peter: Since I traded more in India, can you please tell what is the strongest sector that can be played for nifty move up to 11250? 50:54
  5. Aksel: What risk management / trade management rules of thumbs do you apply when trading? 51:41
  6. Both: From observing your trades/recommendations you seem to have a different time frame for your ideal trade setups (10-26 weeks vs 4-24 months) — would be curious to understand if this is a function of the different markets you trade or if you just have different experiences with the reliability of time frames or something else? 52:51
  7. Both: Neither of you use volume in your analysis, to confirm breakouts , etc., can you talk a little bit about why you don't use it, especially for stocks Aksel as volume is more readily available there compared to forex. 54:54
  8. Peter: Can the right shoulder in gold chart morph into an abbreviated one and thus making it breakout powerfully?  What is the reason for you to have the H&S to be symmetrical in case of gold? 58:13
  9. Aksel: I have a general question concerning the neckline of HS-Formation. I noticed the neckline/boundary can be horizontal, and diagonal as well. Is that of any significance? 1:00:12
  10. Either: With regard to futures the successful patterns are 12-16 weeks long. In light of having to wait for the “right" patterns as a trader are you not significantly limiting yourself in building significant equity due to the few opportunities that emerges. 1:00:52
  11. Either: What do you see as the pros and cons of using CFDs for trading stocks? And is it an instrument your recommend using? 1:02:42
  12. Either: If a flag/pennant correction after a previous move, where you ideally enter and set the stop loss? 1:04:10
  13. Peter: You mentioned the tactical challenges in trading 1-2 year patterns — would you mind explain how you address these challenges tactically? 1:06:10
  14. Aksel: Do you agree with Peter that profits should be taken when target is met? 1:08:03
  15. Either: Do either of you have a real preference for bars over candles and why? 1:09:29
  16. Peter: Do you also watch bar-by-bar in order to identify patterns more accurately. Kind of "tape reading"? I understand you trade the break out, but are you more alert when e.g. bars are more narrow ranged at the moment you think breakout comes? 1:10:25
  17. Either: Where do you place initial and subsequent stops on BO? What do you consider too late a BO entry? 1:11:18
  18. Either: There are so many great trade set up ideas provided for in your chart analysis.  Practically when managing capital, you are constrained by the number of trades that you can take. How do you manage the process of selecting the "best trades" and what criteria do you use to define those? 1:14:06
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Factor & Tech Charts Member Webinar – Thursday, September 21 at 11am Mountain

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Factor Member July 2017 Webinar and Q&A

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Factor Member webinar and Q&A with Peter L. Brandt - Recorded live July 6, 2017 Opening 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  
  1. 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
  2. Please make a quick follow up on the ED6vsED12 trade opportunity. 37:17
  3. 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
  4. 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
  5. 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
  6. EUR/NZD 46:26
  7. What do you think about the potential rectangle completed in bunds today? 48:29
  8. What is your opinion on SDG/JPY? 50:55
  9. On gold where do you target the downside and what is your stop on the upside? 51:28
  10. What about considering EUROSWISS spreads in addition to an outright short position (similar to the idea behind the eurodollar spreads)? 52:49
  11. Once you are in a trade, how often do you adjust your stops? Daily? 54:51
  12. Do you use Gain Capital for forex? 56:35
  13. Role of volume in Head and Shoulder pattern...Where can we read more up? 57:26
  14. Peter any thoughts on AUD/NZD. It's done nothing for 3 years… 58:01
  15. Would you consider the Coffee ETF JO to be in a falling wedge since 11/7/13? 58:52
  16. Where do you get the commercial/specs positions data? 59:15
  17. Do you also look at seasonality tendencies? 1:00:35
  18. Have you done some studies on using a moving average vs the 3 day rule at 70% to exit? 1:01:17
  19. Do you take the dollar into consideration when trading NZD/USD or other major pairs? 1:01:57
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Member only webinar with Peter – Thursday, July 6th at 9am Mountain

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Factor Member May 2017 Webinar

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Factor Member Q&A with Peter L. Brandt - Recorded live May 11, 2017 Opening discussion/presentation by Peter 
  • Factor Tracking Account Update
  • Current Market Conditions
Live questions from Members  
  1. You used to report your prop account trading but no longer do so. Do you plan to provide this information again? 15:09
  2. 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
  3. 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
  4. 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
  5. 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
  6. Your thoughts on the gap in NZD/USD? 26:53
  7. Which vendor would you recommend to trade Forex? No, of course to IB. 28:43
  8. 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
  9. 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
  10. 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
  11. 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
  12. Do you know what percent of your members trade full time? 43:25
  13. 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
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Factor Member April 2017 Webinar

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Factor Member Q&A with Peter L. Brandt - Recorded live April 13, 2017 Opening discussion/presentation by Peter 
  • 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
  1. 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
  2. In trading grains (corn, soybeans, wheat), is seasonality a useful information? Does Peter rely on such data in addition to classical charting? 26:34
  3. 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
  4. What’s your view on Sugar? 32:12
  5. 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
  6. From observing your approach, you seem to primarily trade trends. Have you every thought about trading ranges? 35:09
  7. What do you think of  EUR/SGD? 36:22
  8. 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
  9. Do you believe the markets are or can be manipulated by the "market makers"? Do you consider this in your trading? 39:03
  10. Is there a way to trade volatility? Surely, it will lift significantly at some point, VIX? 40:31
  11. 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
  12. Bonds broke out to the upside and small caps look weak. But you're not in either? 42:25
  13. 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
  14. Would it be helpful to learn a programming language to be able script simulations on potential filters, rules, etc. 44:43
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