Entries by Peter Brandt

A Possible Turn in Direction

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$US Dollar Index

The US Dollar market continues to form a 3-month inverted H&S bottom on the daily graph.  I have been anticipating a right shoulder low for late October, so have I was hoping for a bigger dip into the right shoulder low.
I am earnestly seeking a buying opportunity in this market and will go long on an upside completion of the H&S bottom.

 

The Next Big Crude Oil Move

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 The Next Big Crude Oil Move
 The weekly continuation chart of WTI Crude Oil displays an 18-month H&S top pattern. This is a chance that the Sep 28 high will represent the high of the right shoulder.

 

Crude Oil - Factor Trading - Peter Brandt

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The 3 Most Important Ways to Track Trading Performance

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Trading Performance

Human beings exist day-to-day in a world preoccupied by statistical measures, ranging from numerous personal health metrics (blood pressure, PSA counts, temperature, oxygen levels, heart rate, etc.) to standard weights & measures (gallons, pounds, meters, temperature, etc.) to determinants of economic well-being (GDP, unemployment rates, inflation rates, interest rates, balance-of-payments, etc.) to statistical definitions of every area of our lives. Modern society could not exist without measuring nearly every conceivable thing.

Yet, many traders make no attempt to convert their Trading Performance into meaningful metrics. This is unfortunate because meaningful metrics are not simply interesting statistics – rather they can serve important functions:

  • Dictate and guide the development of trading strategy
  • Monitor trading outcomes against intended benchmarks
  • Diagnose potential problems

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