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.
https://www.peterlbrandt.com/wp-content/uploads/2017/10/Crude-Oil.jpg7251233Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2016/03/Factor-Research-Trading-Services-300x79-300x79.pngPeter Brandt2017-10-10 12:18:522017-10-10 12:22:15The Next Big Crude Oil Move
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
https://www.peterlbrandt.com/wp-content/uploads/2017/10/Trading-Performance.jpg6931233Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2016/03/Factor-Research-Trading-Services-300x79-300x79.pngPeter Brandt2017-10-04 19:29:142017-10-05 11:08:38The 3 Most Important Ways to Track Trading Performance
The dominant trend in major World Stock Markets indexes is UP…UP…UP. The burden of proof is on the perma-bears.
The daily chart of Dow futures completed a 4- week pennant on Tuesday. This type of concise pattern provides swing-trade possibilities.
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Below are a few Factor Member questions from this past weekend's report I thought you might enjoy.
Question:
Peter, how do you protect against large open trade profits from disappearing? - Factor MemberAnswer:Read More
https://www.peterlbrandt.com/wp-content/uploads/2017/09/Questions.jpg6871222Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2016/03/Factor-Research-Trading-Services-300x79-300x79.pngPeter Brandt2017-09-07 10:19:452017-09-07 10:24:25Factor Member Questions
How much patience should a trader have with a losing trade?
The question on losing trades, all traders must answer for themselves, and there really is no right answer. The answer for any given trader must depend upon his or her trading approach, markets traded, risk tolerance and other factors.
For me, the answer to this question is quite simple and multi-layered.
My initial risk per trade seldom exceeds 70 basis points and is limited to 100 basis
I aggressively advance protective stops within days (sometimes hours) after entering a trade.
My goal is to bring a trade to as close to breakeven as possible, as quickly as possible!
https://www.peterlbrandt.com/wp-content/uploads/2017/08/losing-Trades-Peter-Brandt-Factor.jpg9211233Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2016/03/Factor-Research-Trading-Services-300x79-300x79.pngPeter Brandt2017-08-07 09:52:082017-08-07 10:13:07How much patience should a trader have with a losing trade?
I want to present two perspectives of the “Trendline” as a classical chart configuration – the first perspective through the lens of Robert Edwards and John Magee (“Technical Analysis of Stock Trends”) and the second perspective through my experience trading chart patterns for nearly 40 years.
The Next Big Crude Oil Move
/in Public Blog /by Peter BrandtThe 3 Most Important Ways to Track Trading Performance
/in Public Blog /by Peter BrandtTrading 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
Read MoreWorld Stock Markets – Perma-bears Beware
/in Public Blog /by Peter BrandtFactor Member Questions
/in Public Blog /by Peter BrandtHow much patience should a trader have with a losing trade?
/in Public Blog /by Peter BrandtHow much patience should a trader have with a losing trade?
The question on losing trades, all traders must answer for themselves, and there really is no right answer. The answer for any given trader must depend upon his or her trading approach, markets traded, risk tolerance and other factors. For me, the answer to this question is quite simple and multi-layered.- My initial risk per trade seldom exceeds 70 basis points and is limited to 100 basis
- I aggressively advance protective stops within days (sometimes hours) after entering a trade.
- My goal is to bring a trade to as close to breakeven as possible, as quickly as possible!
Read MoreGold Trendline – Bogus or Bullish?
/in Public Blog /by Peter BrandtI want to present two perspectives of the “Trendline” as a classical chart configuration – the first perspective through the lens of Robert Edwards and John Magee (“Technical Analysis of Stock Trends”) and the second perspective through my experience trading chart patterns for nearly 40 years.