Your trading Sweet Spot
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Peter Brandt entered the commodity trading business in 1976 and is considered by many leading authorities to be one of the best classical chartists and traders.
This content is for members only
This content is for members only
This content is for members only
This content is for members only
DAX
The German DAX has completed a H&S top with a down slanted neckline on the weekly chart. H&S tops with down slanted necklines are generally more reliable and powerful than H&S tops with an up slanted neckline.
This content is for members only
This content is for members only
This content is for members only
This content is for members only
A Generational Low?
Two chart observations are worthy of note. First, the advance this past week in yields completed a 4+ year H&S bottom on the weekly chart with targets of 4.37% and 5.03%. Second, the advance this past week also penetrated the upper boundary of a multi-decade channel. It is my belief that an Interest Rate Generational Low has been confirmed in yields.
I know my sweet spot. Every trader should strive to know his or her sweet spot.
We should strive to only take a trade when the market set up is in our sweet spot.
We should strive to avoid trades out of our sweet spot.