Tag Archive for: Monthly Webinar

Factor Member Webinar September 2022 – Drawdowns

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Recorded live September 13, 2022

This webinar is specific to the Drawdown document issued on August 29, 2022, "The Dreaded “D” Word, August 2022"

Live questions from Members  

  1. Factor's underwater curve changed dramatically around 2014. Is this due to measuring DD using closed trade NAV, or due to aggressive risk management? 13:50
  2. What's your most remembered drawdown period? 16:01
  3. How much of the drawdown period is self-inflicted as in we make the period worse ourselves rather than sticking to the trading plan we all should have? 18:01
  4. What is an "acceptable" drawdown for those who have retirement accounts and do not have the ability to do shorter-term trades, hence, needing to hold longer? Whether that be an index fund, BTC, etc. 20:18
  5. I started paper trading eight months ago and have had equity vol but no progression; still at around break even. Very difficult to know if this is a natural DD or just not a working system! 23:22 (A Brief Introduction to Probability Theory and the Random Distribution of Results: Understanding the Concept of Sequencing in a Trading Operation) 
  6. What practical steps do you take to deal with mental torment? 25:57
  7. My data over two years shows that if I take every trade my total performance would be 6 X greater with fewer drawdowns. Common reasons for not pulling the trigger are: Pattern extended from MA's, Support/resistance close, pattern looks loose, not text book pattern, looking for more compression before breakout. However, looking back, they have more going for it than not. Do you have any advice here? 29:07
  8. You mentioned "be able to take many small losses", does limiting risk to 1% but not moving stops aggressively satisfy this? 31:38
  9. The first line in your how to have success in trading is having Defineable and Comprehensive trade. Is this a written document that you continually update? If so, is it fairly detailed and includes all of your trading weapons? I would love to see an outline if this is something that exists. 34:23 (BOOK: Thinking in Bets by Annie Duke) 
  10. How do you decide when to move stops and to where? 38:05 (A protocol for Entering Trades Using ATR Stop Levels) 
  11. What was the pivot to introducing varied bet size? My struggle is when to increase bet size, and if the next is a big winner then I'm missing out. 42:08
  12. Do you think it makes sense to start cutting trade size if you see lots of tradable patterns to limit the risk in having more signals than normal? 44:44
  13. Experience is the best answer to many trading questions ... Knowing your "edge" & knowing how to calculate that - Before! - placing a bet ... discovering this changed my life ... Thank you, Peter, for this discussion! 48:20
  14. You scale out of trades and less frequently add another traunch. Could you elaborate on when and how to take a second bite? 49:06
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Factor Member Webinar August 2022

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Factor Member Webinar - Market Review and Q&A with Peter Brandt - Recorded live August 29, 2022 Market Review with Peter  Live questions from Members  
  1. Can you talk about deciding what patterns to trade? I find myself unable to decide which patterns I should pass up and which I should trade. If I only trade "pretty" patterns, I miss the winners. But if I trade everything, my losers stack up quickly. Any advice on what to look for in this journey of discovering my sweet spot? Is trading every horizontal pattern longer than 2 weeks a fool's errand? 26:33
  2. You have previously said you need a "measured risk" to take a trade. But won't every pattern give you a "measured risk" using LDR? 29:11
  3. Will you add to a position if it gives you a buy signal and you can move your stop up on the existing position to allow for a larger position with no additional risk? If not, why not? 30:04
  4. As a price action trader, do you follow any Wyckoff observations on volume when evaluating a chart pattern? 31:16
  5. For those who have 401k's through their workplace that are equities only (ETF's, S&P 500, etc), do you have any recommendations for investing in equities...i.e. buy and hold, trend following, moving averages, etc? 32:56
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Factor Member Webinar July 2022

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Factor Member Webinar and Q&A with Peter Brandt - Recorded live July 8, 2022 Opening discussion/presentation by Peter  Live questions from Members  
  1. How likely do you think the Bitcoin bottom is in? Do you think we are missing a bottoming pattern? 2:23
  2. Do you change your position size going into major events? How about adding to the position if the news goes in your favor? What events are most important? 7:30 
  3. Can you recommend sources of online commentaries and analysis on the fundamentals of agricultural commodities, esp. grains (supply, demand, plantings, etc.)? 10:43
  4. Have you ever met a successful day trader in your career? By day trader, I mean someone who gets in the market at open and is flat by closing. 14:49
  5. How will you manage EUR-USD with today's doji reversal? 16:58
  6. Could you please discuss the seeming paradox of aggressively mitigating risk on a per position basis, while also staying steady even through drawdowns on an account value basis? 20:31
  7. Does palladium look like it broke out today? 27:23
  8. Can I get a quick comment on the weekly breakouts in USD/PLN and USD/ZAR? 28:43
  9. If you have a loser much bigger than your avg loser, would you close a parallel winning position in parallel, which can compensate the loser? Even if this winning trade runs good. I think in terms of preserving NAV as key metric. 31:11 
  10. Has your portfolio backtested your approach? Thinking more in terms of correlation risk on a portfolio and position sizing optimization rather than entry/exit etc. 32:25
  11. I am wondering if there are any good books or educational materials regarding the ag markets and cyclical tendencies on which contracts to focus on? New crop vs. old crop and knowledge may keep a futures trader out of trouble. 37:09 (Book Link: A Complete Guide to the Futures Market Technical Analysis, Trading Systems, Fundamental Analysis, Options, Spreads, and Trading Principles by Jack Schwager)
  12. I find I get chopped up with stops (both entry and exit) on the back months for futures. My background is trading a CTA where we trade on close of each market and do so manually as I manage to add positive slip by doing so. But we always trade front month. Do you have any advice on how to trade the less liquid months? 39:27
  13. Could you please walk through the diamond setup in European carbon credits? 42:48
  14. Please address the topic of taking signals from smaller continuation patterns from within a 'strong trend' that has already lasted a good length (historically) and could be tired? 45:04
  15. Do you see any signs of bottoming in biotech? Xbi? 48:00
  16. Can you review your methodology of placing stops for an initial BO entry and then how to move them up on a trailing basis? 49:23
  17. What currency brokerages do you recommend? 52:48
  18. What is your take on having diverse trading systems as recommended by Mark Andrew Ritchie in his Trading Bible? 54:46 (Book Link: My Trading Bible by Mark Ritchie)
  19. When setting an exit stop on a long position, do you subtract the same percentage of ATR from a key chart point as you do with your entry stops, or do you use a different percentage of ATR? 56:25 
  20. Latest thoughts on AUDUSD? 56:57
  21. Can you comment on what you're looking for before entering a short on Soybeans, Soybean Meal, and Canadian Dollars? 59:12
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Factor Weekly Chart Scroll, Futures and Forex Markets – January 27, 2022

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Factor Weekly Chart Scroll, Futures and Forex Markets - January 27, 2022
  • Chart scroll with Peter (1 hr 13 mins)
  • Live member Q&A
Live questions from Members  
  1. The Ultra T Notes contracts - Tell us why you trade the "Ultra" T Note contracts vs. the alternative T Note Contract - Symbol /TN on my TD Platform. 1:13:29
  2. I am working on taking quicker losses and reducing the number of trades that hit my full stop loss. Do you have any suggestions or methods to exit a trade early when you think it is not going in your favor? 1:14:52
  3. I find the short side is more volatile than the long. Can you please share your thoughts on how you adjust sizing? Also, what do you look for in setups that are different from the long side? 1:16:33
  4. I started preparing my buy list on the weekend, and I keep watching those lists throughout the week. However, I missed out on so many setups that emerged on the day which didn't exist during weekend preparation. How do you deal with that? 1:17:30
  5. I see you enter trades on support - breakout retest, moving average test, etc. Can you please elaborate on how you manage the risk on these? Any different from breakout trades? 1:21:09
  6. I am a new subscriber and relatively new to trading. I just wanted to ask if Peter would cover precious metals and his thinking behind Silver and the chart itself. 1:23:35
  7. Any advice for new members regarding navigating the markets/general advice for novice futures traders? 1:25:43
  8. Do you ever use support and resistance levels without a chart pattern to enter or exit a trade. If you do, when? 1:27:37
  9. Do you have any advice for someone nearing retirement age and contemplating entering the financial markets for the first time? 1:29:46
  10. How likely do you see Bitcoin dropping to 12,900 --target from the double top -- as you posted on the Factor Member twitter? 1:31:22
  11. FAQ - Do you ever see yourself hanging it up? Is trading what you’re going to do the rest of your life? 1:36:30
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Factor Member Webinar December 2021

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Factor Member Webinar and Q&A with Peter Brandt - Recorded live December 8, 2021 Opening discussion/presentation by Peter  Live questions from Members  
  1. What's the best place to start when learning how to enter and exit trades? 21:42
  2. Do you apply the same ATR filter on stops when exiting a position as you do when entering a position? And, if not, do you use another type of filter to reduce the odds of getting whipsawed by a price excursion that is still within recent volatility? 24:31
  3. I'm new to Factor LLC, so maybe this question is already asked many times. Do you take other fundamentals into account when trading futures - especially COT data / Open Interest? Or just chart patterns like SHS, Triangle, etc. 27:28
  4. If your equities only account is 500k, what would be your standard position size? 29:24
  5. TLT looks like a OOPs. 30:50
  6. What is the minimum account size needed in order to become a professional trader? 31:51
  7. Did you ever try to create a chart of your drawdowns? 33:37
  8. Could you do another session sometime on your weekend screening process? How many markets are you viewing? What service are you using? More about how you do this. 34:54
  9. I need a clarification (I am not a native English speaker, and I am afraid to make mistakes on such an important point). Your weekly/daily trend model for Bitcoin requires two weekly (or daily) candle closes above the 18 weekly (or daily) MA and also an uptick of the 18 weekly (or daily) MA. Correct? Would you mind explaining what exactly meets your criteria for an "uptick" in the context of this trend model? Also, is there any other component to this trend model that I have not detailed above and maybe I have missed? Have you come across, and could you please recommend, any services/tools that allow you to execute entries and exits as per your trend model in an automated way? How do you execute your entries and exits when you are taking some time off, given that crypto trades 24/7 and given that massive shakeouts (like last Friday) may happen even while you sleep? 35:43
  10. Your WEEKLY Trend Model seems down for Bitcoin but seems up for Ethereum. Have you already allocated (or are you planning to allocate soon) a portion of your Trend Model funds to ETH instead of BTC even if your trend model is down both on the weekly and daily for BTC ? In the past, BTC and ETH seemed highly correlated but not this time. What are your thoughts on what's currently happening and how do you plan on taking action? 40:54
  11. How do you use ADX? 41:08
  12. Is a 2021 Best Dressed list coming this year? Honestly, it's one of the best resources for a growing trader. 44:16
  13. How (if at all) do you allow yourself LATE entries when/if you miss the early portion of a breakout which: a) comes after a lengthy consolidation on the weekly timeframe b) shows a huge momentum c) price still has the potential to go higher based on Technical Analysis targets Is the answer different when you are trading crypto vs other assets? 44:54
  14. Do you find a lot fewer swing trading opportunities in futures in the last couple of years? 47:28
  15. Any recommendations for setting stops in a retirement account? It would be a loose stop, but not sure how loose to be. 49:09
  16. Silver. What gives? Frustrating market. And gold McClelllan is positive on gold. 50:49
  17. Where are you able to trade Bitcoin and ETH short with margin? 52:26
  18. Could you talk about the benefits of creating an LLC for trading a prop account? 53:40
  19. I am a new member. I want to ask about your risk-reward, I can see on the charts/opps you post that you normally put 1:1. Is this the case mostly? 54:40
  20. Can you please talk about the daily and weekly chart of ETH? I would like to know more about ETH? Is ETH the leader for crypto currency's now? Especially after holding $4000 since last BTC decline. 56:48
  21. What do you make of the cocoa chart? 58:41
  22. What should I read, how should I trade while I'm learning? 59:18
  23. I'm a relatively experienced stock, options, and equities trader. I've wanted to get into Futures for a few years now due to all the positives mentioned (great leverage, favorable taxation, etc). I'm confident at charting and trading Futures Continuous charts and have been keeping a paper trading log, but the technicalities of Futures contracts makes my head spin! I'm never sure which month's contract to buy based on my trade idea; sometimes the contracts are denominated in apostrophes (i.e. 32nds rather than decimals), some contracts are so large that even with a sizable account, I couldn't afford even 1 contract, and I am paranoid I will accidentally hold a contract through expiration and be beholden to physical delivery! How would you recommend an independent trader without access to a trading floor mentor get a grasp on the world of Futures trading from a terminology and execution standpoint? 1:01:09
  24. When choosing which month to trade in a futures market, what do you look at aside from OI? 1:06:05
  25. Amazon chart. Another frustrating stock. 1:08:09
  26. What's the max number of positions you hold at a given time? 1:09:41
  27. Best resources (books/courses) to learn how to short? Best resources (books/courses) to learn how to HEDGE one's position? 1:12:06
  28. How do you use/why do you have 18 and 8 MA on your charts? 1:13:45
  29. What broker do you use to trade Bitcoin? 1:14:57
  30. Why wouldn't Peter mention Schabackers' book for interested futures traders? 1:16:32
  31. To confirm, you look at a breakout in the continuation chart then trade the breakout in the front month? 1:19:00
  32. Best resources on how to HEDGE? 1:23:19
  33. What percentage of your retirement accounts are in the market today? 1:24:35
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Factor Member Webinar September 2021

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Factor Member Webinar and Q&A with Peter Brandt - Recorded live September 21, 2021 Opening discussion/presentation by Peter 
  • Modifications to trading 
  • Process before performance 12:52
  • What is swing trading 17:54
  • Market Review 22:24
Live questions from Members  
    1. Could you share a template of your excel that you use for journaling that contains metrics like Profit Factor and GtP, please? 34:25
    2. During a Q&A last March, you said, "In my opinion, the only price of the day that is important is the closing price, buying intraday bursts and selling intraday busts is not a profitable endeavor." Yet, your tweet of Feb. 26 took a different tack: "Most of my entries are on intraday stops, some on daily closing price orders." Under what circumstances will you buy a breakout intraday instead of waiting for the breakout to be confirmed at the close? 35:44
    3. Trading with breakouts, over time, a whole lot of correlated positions start appearing in the book. Is there something you do about it? 37:52
    4. When looking for a price to close above a certain level to enter a trade, what time zone do you consider for the closing price when the instruments trade around the clock globally (e.g. crypto, gold, etc.). Do you observe the New York close? London close? And, if looking at both, which one do you weigh more heavily and why? 39:52
    5. 1) Should equity market volatility/correction affect our tactics/willingness to take trade signals/tighten stops etc. in non-index futures? 2) Corrections back to the 50/100/200 dma etc. will continue to happen; for trend following, should we continue to trail our stops as normal (e.g. 10/50/100 dma or any other method) and let the stops do the job or is there any merit in having some other nuances in the process? 3) Any suggestions for dealing with trend following drawdowns e.g. swing trading half the position as you do; do you think if you had been a trend follower for the whole position (weekly charts/no swing profit taking) your equity would be higher today. 41:25
    6. What do you think about OBV indicator as a confirmation guidance for breakouts? 44:46
    7. How do you factor in the FOMC meeting tomorrow? Do you expect the fed to continue to be accommodative? Would appreciate your opinion if that would be a factor or would you keep going by what the charts present/ technical analysis? 45:32
    8. Referring to Peter's Factor Report of the 19th ... in the opening paragraph - noting Item 3 - "Max Risk per trade has been bumped up from 60 bps to 80 bps ..." together with Item 4 - "Greater use of weekly price bars ..." Your comment/explanation, please ... noting your expectations for Volatility ... and what in your trading experience has prompted you to make this adjustment ... 47:11
    9. How do you manage to open new trades when you already have a few open trades that are not on breakeven yet? 50:56 
    10. I'm curious in the report this weekend why Peter chose the December 2024 contract month for Eurodollar? 51:51
    11. I was stalking USO to get long on a move above 48.55. On 2 Sep price gapped up. Gap up to me is a go with. You don't know if price will continue up or fill the gap. Set my stop at 47.70. The next two days were a pullback filling the gap w/ a low of 47.73. On 8 Sep a good move up. I thought I had survived the pull back. 9 Sep was a sharp reversal day with a low below the pullback low to 47.45 stopping me out. The next day the rally resumed with a strong move to the upside. I did not have the mojo to re-enter. How would you have handled this trade? Would you care to make any suggestions on what I might have done differently besides have a wider stop- 47.27? I thought the stop was good after the pullback. This might have just been unlucky. 53:08
    12. I really like when you host webinars. Will you host webinars more often? Also, your thoughts on China? 54:07   
    13. What is your current agenda for trading? Do you analyze charts at the same time everytime, enter orders, journal? Do you believe this is important for a successful performance? 55:13
    14. For weekly, monthly chart driven trades are stops still determined based on high/low of the breakout day or are high/lows of the breakout week and month are used? 59:29
    15. What do you think is the safest stable coin that will always remain liquid in a market “dislocation"? 1:02:38
    16. In relation to targets, trend following generally, on a conceptual level, does not encompass "targets" - any thoughts on the effects that would have on the end result? i.e., letting your winners run/being trail stopped out. 1:06:04
    17. Do you plan to write a second edition of your book Diary of a Professional Commodity Trader with an updated trading process? 1:08:35
    18. Can you comment on Trade Navigator? 1:09:04
    19. It would be good if you can focus on a given trade on a daily basis. ie/ the chart pattern that got you in and a bar by bar /daily analysis of how you managed that trade. Sometimes I find going through lots of charts to be not as helpful as just focusing on one chart. 1:10:15
    20. Do you get out of all losing trades on Friday? 1:11:02
    21. You mentioned, "Part of edge comes from the willingness to bet bigger on special set-ups (call it intuition of charts)" - how to assess confidence in doing this and still not make a substantial loss? 1:11:43
    22. Your thoughts on REGI, possible inverted H&S? 1:15:43
    23. Please, more evergreen about grain markets!! Tips on grain markets like "There is a strong seasonal tendency for Corn prices to bottom in the Sep-Oct period.” 1:16:14
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Factor Member Webinar December 2018

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Factor Member Webinar and Q&A with Peter L. Brandt - Recorded live December 5, 2018  Updated Member Q&A section on the website  Opening discussion/presentation by Peter 
  • Standard Deviation 
  • Tracking Account 
  • Trading less - what does that look like 
  Live questions from Members  
    1. Documenting your trades - I would be interested in understanding how much information you gather for each one of the trades you put on. What kind of journal do you hold excel, paper or any other method? Do you archive your charts? Do you have a small comment as to why you put on the trade and the amount of risk? When you review it post mortem - What is process for reviewing your trading plan based on your trading journal? And how do you incorporate that into your future approach? 20:04
    2. When you move a stop to breakeven is this entry price or entry minus the partial profit taken and breakeven considering this partial profit? Also, is the 100bp partial profit taken 100bp return on account based on the partial position closed or 100bp return if the entire position was closed? 24:23
    3. Possible H&S in gold? 26:18   
    4. Why doesn’t Factor include the nominal value of interest rate futures contracts in capital utilization calculation? 29:12
    5. In the CME Agricultural Futures markets, do you recommend to only have entry and/or stop loss orders active during pit trading hours? 31:15
    6. Is it possible to identify a false breakout before it occurs? 33:51
    7. My questions are $BTC related. 1) Will there possibly be a dead cat bounce and what will be the estimated range before it drops to 3k range? 2) Do you expect BTC to touch the 5700-6200 massive resistance before it bottoms? 34:44
    8. Often Peter talks about a low-risk entry. Can he go over a couple examples? I’d like to better understand what he takes into account to pull the trigger on a chart that has met his pattern criteria. 36:41
    9. Could Peter discuss the use of the hikkake pattern? When is it best used in terms of a technical setup? Or how does he use it? Is there a target price associated with it? 41:44
    10. I subscribe to Aksel's Tech Charts Service too. Can you tell us why you were not very interested in trading equities? Furthermore, what's the main difference and precautions one needs to take if trading global equities alongside with global futures markets? 44:34 
    11. You've described trading like throwing mud on the wall to see which one sticks. From that analogy, can one say the that more mud you throw the more successful ones one can find? In other words, if we don't loosen the standard, diligence in finding and monitoring more markets leads to better profitability? 46:00
    12. “N.Y. ‘C’ Markets from Hell” –  Coffee, Cocoa, Cotton and Copper you dislike. Can you elaborate? 47:15
    13. Does a 50 basis point risk refer to .5% risk of the particular position? Or of the trading portfolio? 48:25
    14. I read your blog post you brought up on Twitter yesterday and was wondering if you could provide more details on the stop-loss setting and adjustment techniques you employ that increase your gain-to-pain ratio. I have read your other posts about the 3-day trailing-stop-rule and was wondering if you could fill in some details. (Apologies, I haven't yet read "Diary" so you might answer this question there.) 49:17
    15. How does Peter enter orders? I know that he used to wait until the market closed but changed it in recent years. Does he have entry stops in the markets? Or does he have alerts and decides whenever he gets an alert? 50:31
    16. How do you handle patterns that are obvious where everyone is watching them, and potentially crowded? Would a trade like yields breakout be lower odds due to this? 52:12  
    17. If you had NOT had Pit Trading experience back then, how would you trade those markets today?  Many of us came into trading long after the Pits closed & those markets turned to Electronic trading. 54:08
    18. What qualities of a chart do you find have real predictive value? 55:28
    Reminder to access all archived Q&A webinars and past interviews go to Factor Members / Reports / Factor Multi-Media Room on the website. 
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Member only Q&A with Peter – Wednesday, December 5, 8a MST

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This content is for members only

Factor Member Webinar November 2018

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Factor Member Webinar and Q&A with Peter L. Brandt - Recorded live November 7 &10*, 2018  Opening discussion/presentation by Peter 
  • Market review 
Live questions from Members  
  1. I struggle to include trading activities into my daily schedule and I would like to know how Peter does it or suggests how to do it. I am not a full-time professional trader.That means I have full time job, however, at work I can usually manage to have access to my trading account within two hours. But, I also have business dinners, a small child which I take care of, play sports, and do activities with friends. What is the right thing to do from a trading perspective when a breakout happens or an alert pop ups when I am doing these activities? Should I finish them and then go to a computer? Should I always have my computer with me sneak out and do trading activities? Should I arrange my day that I have full time access to my trading computer? As far as I understand it Peter does not sit in front of the computer all the time. How does he manage his trading activities when he is at dinner or away for a few hours? 20:34 
  2. Peter often refers to his change to an Aggressive Risk Management - what are the parameters and details around this? 32:23
  3. Please show CCJ Comeco Uranium again. Where did you place your entry and where was your stop? After today - would you exit the trade, move your stop or wait? 37:09
  4. INDA 12wk H&S top, why 100BP? ITA 7 month rectangle, why 38BP? GE EURO DOLLAR 12wk rectangle and 4 mo descending triangle - why 44 BP? 38:41  
  5. Are there markets where it is fine to use GTC orders with execution possible outside of regular trading hours or does Peter re-enter orders for each market, each day.  It must get complicated when trading Asian, European and US contracts if entering orders daily for each market. 40:59
  6. Why do you advise traders to avoid day trading? 42:55
  7. USDZAR - Setting up a descending triangle, would you take it? Why or why not? 45:18
  8. This is a bit operational, but is there a service that you know of which constantly provides the next 2-3 futures contracts automatically rather than having to manually change watchlists to reflect current contracts? Or does Peter have to manually go through and update watchlists for new/expired contract. 46:39
  9. Describe your use of Bollinger Bands ... and compare the BB's with Keltner Channels, if you use them. I noticed your use of the BB's on a chart you pulled up when answering a question from your July webinar. 47:57
  10. Recently I was in a EURUSD trade with about 25 pip risk and got stopped with 10 point slippage (35 pips 10 extra = 40% extra risk).  I was using Interactive Brokers.  I am wondering if I could have avoided this had I traded the Euro futures contract. In your experience do brokers penalize with more slippage than the futures exchange would have? 50:31
  11. You mentioned in another webinar - you prefer to trade futures vs currency pairs when you have a choice and one reason was because “you know your counter party risk in futures market”.  What does that mean? 52:07   
  12. I would like to understand to what extent you follow fundamental factors and use them in your trading decisions. From the content online it seems that sometimes you do think about them in terms of finding a bias to a chart but at other times you say you ignore them completely. 54:20  
  13. Van Tharp stresses the importance of trying to achieve large R multiples on the winning side to compensate for all the small losses. And Van Tharp stresses letting your profits run. In contrast, Peter has price targets and takes his profit when the target is met. I would be interested in hearing Peter talk about this for a moment. 56:30  
  14. When do you consider a pattern backtest is no longer worthy of an entry. Let's say for example a pattern completed and broke through resistance. Let's say the price went 50% of the way to your target after you break through resistance but then comes back to test the previous resistance (which is now support). At what point do you consider the pattern complete? If it does come to backtest support after going 50% of the way to your target, do you consider this still a possible entry? How would your view change if it wasn't 50% but maybe 60%, 70% or 100% of the way to the target? Is there a time criteria that you might also use to consider a pattern a dud or complete? 58:46
  15. How do you determine if you should take profit at the measured move for that pattern, or if you should just build a position (with trailing stops)  because you think it has much more to run? 1:01:35 
  16. The biggest challenge I have seems to be managing stops, I get stopped out often and lose the opportunity to the gains. I have been trying to learn the way Factor is managing stops, but it is not yet clear to me about how to use the rules. When is the 3 Day Stop Rule applied and how to manage it? 1:02:10
  17. Why do you sometimes trade differed contracts further out vs current contract? Do you do this because the chart setup is cleaner or looks better? 1:04:19
  18. In his book, Schabacker talks about "The Complex Pattern" - head and multiple shoulders OR multiple head and shoulders. This is a more reliable reversal than normal H&S. I never see Peter mention this pattern, does he consider it valid? If so, does he see this pattern developing in Silver or Litecoin at the present moment? 1:05:57
  19. As most Futures Exchanges are imposing higher data fees, what is your advice for startup CTAs to manage costs effectively? 1:08:08 
  20. Completed patterns in years past, you stated could be “taken to the bank.” I do not find that the case today. Do you agree and what fundamental shift must a Classical Chartist make today? 1:10:53 
  21. As we are aware, Peter trades across markets (from Futures, Spot FX to Cash Equities); how does he manage his trading? Specifically, his signals and Order Management book 1) Aside from classical chart patterns, how does Trade Navigator augment his process to confirm buy/sell signals? 2) From past articles, he mentioned that most orders are manually entered and for certain markets he does not place stops (overnight). With recent volatility (mid-term elections), has there been exceptions to his rules? 3) Previously, my past understanding was CQG Trader (API Bridge) into ADM (for Futures); Interactive Brokers (for cash equities) and possibly Saxo/IB (Spot FX). Is this still the case? 4) Is Trade Navigator still the main tool to manage all orders? 1:12:43
  22. What are your current stop-raising protocols?  3DTSR on the 4-Hour chart? 1:16:57
  23. If one traded solely on the weekly close or Real Range for determining pattern boundary lines vs spindles is that a viable way or should spindles be more/= important? 1:17:31
  24. Beginning with equity of only $100,000, which often limits multiple contract etc., is it still worth the effort to trade due to the limi ted options of that amount? So what is the optimal initial equity amount to make significant trading progress…$200k? 1:17:55
  25. You said you don't trade volatility, long or short. Why is that? Does classical charting principle work in the vol space? 1:18:49
  26. What qualities of a chart have real predictive value? 1:19:37
  27. In years past you made many more trades in a week than now. That provided greater opportunities to increase your equity (with risks also, I know) but with fewer trades done today, it would appear a full time career in trading patterns is highly limited, do you agree? 1:19:53 
  28. There are QO and YG in mini gold contracts. Why do you prefer YG over QO? How about copper's mini contract? 1:21:45
  29. Can you explain the difference between continuous and near-by chart? How do you use them? 1:22:41 LINK to document Peter mentioned 
  30. Can you comment on HQY stock breakout, is that a trade you'd take?  Why or why not? 1:23:34
  31. Do you usually use the 55 or 57 charts for futures when using Trade Navigator? What do you prefer to use when getting an overview on a market? 1:23:52
  32. How did you quit trading big after your initial win that greatly helped you establish a portfolio in the proper size? 1:25:16
  33. Current thoughts on BTC?  1:27:04
Reminder to access all archived Q&A webinars and past interviews go to Factor Members / Reports / Factor Multi-Media Room on the website.  *Due to the length and detail Peter wanted to give on our first question followed by technical difficulties our webinar was recorded on two different days. Read More

Member only Q&A with Peter – Wednesday, November 7, 4:30p MST

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