Peter Brandt’s Public Blog – Page 29 – Peter Brandt

Is it possible to copy another trader’s exact style?

March 24, 2016/by Peter Brandt

In more than 40 years of trading, I have never met consistently profitable traders who did not have a style unique to themselves

Over the years I have constantly harped that to be successful a trader must develop his or her own unique approach to trading. The Factor is not a trading or signaling service because I do not believe in signaling services. I am privileged to have belonged for years to a private online forum that includes some of the best traders in the world – a number of whom have been featured in the Market Wizards series. Recently the subject of mirroring another trader’s style was a topic of lively discussion within the group. There were some remarkably insightful comments made that I want to share with you. These comments were made by traders whose names you would recognize. Read More

My Trading Day

March 23, 2016/by Peter Brandt

I get many questions on what a typical day looks like for me. This is an important question because the PROCESS of trading is extremely important. Friday afternoon late • Print out a list of my positions and open orders Saturday • Scroll through weekly charts of the “long list” of markets I monitor on a weekly basis. This typically includes about 50 futures markets, 25 forex pairs and 25 equities. • Create a “short list” of markets of interest, including all the markets in which I am entering a new week with a position. The “short list” usually included about 20 to 30 markets. • Scroll through the daily charts of the “short list” to determine those markets that could generate a buy or sell signal the following week. From this review I create my “active list” which includes the markets in which I hold a position and markets in which I will develop a trading strategy. • The “active list” typically includes 10 or so markets. I monitor this list carefully. I may even monitor this list inter- day for an asymmetrical trading opportunity. • For open trades, I review my target and stops orders to determine if any modifications are needed • For possible new trades, I determine an entry strategy, risk management guidelines and trade sizing Read More

Factor Update, March 20, 2016

March 21, 2016/by Peter Brandt

General Market Commentary

Not all market environments are equal. Similarly, the same market environment can treat different trading styles in very different ways – some favorably, others miserably. The current markets, in my opinion, are neutral/hostile to classical charting principles. Current markets are volatile; false and premature breakouts have increased in 2016 to date; and, there is a lack of substantial patterns under construction. I have experienced this type of trading environment before – many times. There are profits to be had in some markets, but there are also an oversupply of land mines. For me, this type of trading environment has not correlated well with a robust three-month forward ROR. Of course I will continue to take signals that are promising knowing that sooner or later markets favorable to classical charting will return. Warning: I generally ignore one-day price action, preferring area patterns. Yet, nearly every market discussed in this Update experienced a narrow real-range bar on Friday that occurred at or just below the close of Thursday’s wide range day. This development suggests the possibility of a shake out next week. According, I enter next week in a very defensive frame of mind.

Market Review

Hodge-Podge

March 17, 2016/by Peter Brandt

The last Factor Update commented on a possible bottom in Soybeans based on a H&S bottom on the continuation graph (most active contract roll).

A close above 900 would, in my opinion, complete this bottom. It is unfortunate that the charts of the individual contract months do now show the precision of the continuation graph. This chart illustrates the reasons I far prefer a flat or horizontal neckline. Even though the neckline as drawn may be violates, the left and right should highs remain as serious resistance points. Thus, even though the H&S pattern might be completed with a neckline breakout, the market remains in a trading range.

Is the tarnish on Silver about to be removed?

March 17, 2016/by Peter Brandt

Five-year bear trend in Silver may be coming to an end For the past five years Factor has remained negative on the Silver charts, calling for the bottom in Dec 2014. The weekly graph has now formed a 16-month falling wedge. This pattern can serve as a primary bottom based on classical charting principles. […]

Factor Report – March 13th

March 14, 2016/by Peter Brandt

Market Review

Factor Moves are currently ongoing in:

Gold
Japanese Yen
USD/NOK
Copper
AUD/NZD

A Factor Move was terminated in AUD/NZD. A Factor Move is developing in USD/SEK and New Zealand Dollars. This issue of the Factor also comments on the Soybean complex, Euro, Heating Oil, Canadian Dollars and global stock markets.

Factor Moves in Progress

Copper (daily chart)

After falling from a high of 465 in Feb 2011, it appears that Copper bottomed at 193.55 on Jan 18. The advance on Mar 1 confirmed a H&S bottom. I have upped the initial price target to 231.90. An eventual test of the Oct 2015 high at 244 is likely. Factor is long one layer.

Is it possible to copy another trader’s exact style?

In more than 40 years of trading, I have never met consistently profitable traders who did not have a style unique to themselves

My Trading Day

Factor Update, March 20, 2016

General Market Commentary

Market Review

Hodge-Podge

Is the tarnish on Silver about to be removed?

Factor Report – March 13th

Market Review

Factor Moves in Progress

Copper (daily chart)

Peter Brandt’s Charting Tool

Peter’s Crypto Coverage

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