Entries by Peter Brandt

Topix (and Nikkei Dow)

Continuation patterns continue to develop in the Japanese stock market indexes. The Topix Index traded in Osaka (TSE) displays a 12-week continuation rectangle (Mar 2 was an out-of-line movement).

While the measured target in Topix is 1633, a swing target of 1775 is possible.

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Factor Member March 2017 Webinar

Factor Member Q&A with Peter L. Brandt - Recorded live March 8, 2017

Opening discussion/presentation by Peter - Drawdowns

Live questions from Members

  1. You're measuring DD on closed equity based on weekly closes? 22:23
  2. What do you think the bottom for WTI oil is? 24:18
  3. When you wait for a market to close beyond the boundary of a technical formation, do you actually execute the trade on the open of the following day? Or do you execute it just a few minutes prior to the closing bell? 26:02
  4. You mentioned that you cap your risk to about 100bps per trade. Do you also have a limit on the aggregate risk for the whole portfolio, say 1,000bps or 1,500bps etc? 29:27
  5. If the market touches your stop so briefly that only a part of your position is closed out but then quickly reverses direction and moves in your favor again, do you keep holding your remaining position or do you close it now, at the somewhat-better-than-stop price? 31:08
  6. Do you always have a stoploss order entered during the day for every position?  Do you worry about your stops getting runned by the computer trading? 32:03
  7. What was it that made you go long on the FTSE 100 recently? The breaking of the new high or did you get in prior to this? 34:02
  8. In your latest book you say, you have additional quality requirements to diagonal patterns. Which are those and how do they compare in quality to horizontal — i.e. possible to reach similar quality with diagonal patterns as with 10W horizontal or 6-8W continuation pattern? 35:06
  9. On the stop loss: does make sense to use tec level for Stop loss and or volatility determined stop loss? 36:38
  10. What is your view about the effect of computer/algo trading on chart pattern-based trading over the next several years? 37:17
  11. How often do you use commitment of traders data? How important is it to confirm your chart reading? 38:08
  12. What does "record" mean when you referred to record spec longs and record commercial shorts in the COT data? Does it mean the highest number for the period you're looking at or does it mean the highest number of all time? 39:37
  13. You mentioned that you prefer to trade futures over FX. However, in your 2016 Factor Tracking account, spot forex was traded more often than their futures equivalent. Why is that? 40:15
  14. What securities/assets do you EXCLUDE in calculating your Total Trading Capital? Can those assets included in Total Trading Capital be invested in other things or trading strategies, or should they be sitting in cash with zero risk exposure? 41:16
  15. How many tightly correlated markets do you allow yourself to trade in the same direction simultaneously?  For example short Yen and short Gold? 43:00
  16. With respect to equities do you ever care about valuations or do you just use your process and focus purely on charts. I just don't want to be left holding the bag. 43:54
  17. When you miss a trade do you often trade the retest and if you do, do you put on the trade at the boundary line or a certain % above the boundary line. 44:33

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