The world’s best investors of all times, and their key trading tips… You’ll get weekly live streams where our experts answeryourquestions. Carson Block is a short-seller, investor and the founder of Muddy Waters Research, a pioneer in on-the-ground, freely published investment research. Block is known for documenting and alleging fraudulent accounting practices in Chinese, European, Canadian, and U.S. companies. With 40 years of experience, Peter Brandt is a legend in the trading world. In this course, you will learn what has made Peter so successful over such a long period despite the many setbacks.
However, Brandt’s observation of the unfilled gaps suggests that Bitcoin might not be immune to a potential downward move. If the gaps theory holds true, the market might return to these levels, leading to a decline in Bitcoin’s price. It is essential for traders and investors to keep a close eye on the market and be aware of the potential implications of these gaps. Entered the commodity trading business in 1976 with ContiCommodity Services, a division of Continental Grain Company. From his start in the commodity industry, Peter’s goal was to trade proprietary funds.
Peter Brandt divulges the things he has done well and what he wishes he had done earlier in his trading career.Louise Bedford – MindpowerCatch yourself when you fall with your growth mindset. Peter BrandtWith the benefit of hindsight, what would a Market Wizard say about their career? In part 2 of this interview, Peter reveals his biggest regret as well as where he has excelled. Louise Bedford is a best-selling author and founder of and Forex — the foreign exchange market is the biggest and the most liquid financial market in the world. Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference.
And this synthesis is precisely what Peter Brandt excels at and has translated into four-decade successful trading career. In contrast to so many others who promise to teach you how to trade when they haven’t successfully done so themselves, Peter Brandt is the real deal. I am happy to see 40 year trading veteran Peter L. Brandt release a subscription service that not only shows his skills as a classical chartist, but also incorporates the importance of managing risk and emotions in the trading process. As a trader and educator, I’m always looking to learn from and share the knowledge of others. Factor is your ticket to learn from one of the true legends within our industry. Rarely does a trader of the caliber of Peter Brandt share their analysis of markets, and how to trade classical charting patterns that have withstood the test of time.
A gap is formed to catch up to the spot price when the CME opens. Consequently, the gaps identified by Brandt are the result of Bitcoin’s impressive rallies over the last two weekends. Veteran trader Peter Brandt appears to have taken a jab at Bitcoin traders who make decisions based on Bitcoin Chicago Mercantile Exchange gap formations alone. It is difficult to rate it as high asTrade Your Way to Financial Freedom by Van K. Tharp orFooled by Randomness by Nassim Taleb, but this doesn’t mean that the book is bad of course.
Sharing real experiences from decades of profitable trading.
CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. One of the trading techniques mentioned is the money management stop-loss, which is basing your SL level not on your technical or fundamental analysis of the current situation but on the amount of money you can afford to lose. Needless to say, employing such astop-loss technique is a wrong way to trade as it ruins the trading system. Swing traders use fundamental analysis to spot trading opportunities and technical analysis to confirm price trends.
Peter L. Brandt has earned himself a polarizing reputation in the cryptocurrency community. The comments section is already taking jabs at the trader with 40 years experience. The Factor LLCCEO is a classical chartist, and in his TradingView post shares a 6-month timeframe bar chart. Other visual cues aiding his analysis include the largest sell volume ever on the BTCUSD index chart.
For more insights and education from Tony, check him out on Twitter or in his free TonyTradesBTC Telegram channel. Follow @TonyTheBull on Twitter and search CoinChartist on YouTube. Today, Brandt is one of the contributing analysts at Bitcoin.live along with Bob Loukas and other well-known traders. This call for a bear market bottom is already being met with skepticism, but given the chilling accuracy at which Brandt had made related to his cryptocurrency bets in the past, there could be more validity than investors are ready to accept.
“Predicting short-term price movements is a fool’s errand. Growing and advancing the movement is the real goal,” Livera tweeted. Notably, traders are often wary of these gaps, as they tend to fill, implying a potential correction or reversal. However, as even Brandt points out in the comments, this is not always true. Hence, while the futures price on the CME is fixed during this break, Bitcoin’s price continues to move on spot exchanges.
I’ve known nobody who has built trading wealth by shadowing another trader’s maneuvers. Tony “The Bull” is a level 3 CMT student (passed level 1 & 2), technical analyst, Bitcoin supporter, and avid speculator. Tony is deeply fascinated by core market principles such as Elliott Wave Theory as they tie into mathematics like Fibonacci ratios. Market timing though DeMark indicators, Ichimoku, Gann tools, or Hurst Cycle Theory are also of key interest. Tony provides completely original content driven by exclusive, independent research.
Choose your membership level below
According to the CMT Association, Brandt founded Factor LLC in 1980, but entered the commodities trading business beginning in 1976 with ContiCommodity Services. Not much details are given regarding the author’s choice of using trailing stop or other exit strategies for specific trades. The author has almost 40 years of experience in commodity and Forex trading. Keeping atrading journal is a good way to find disadvantages of your own trading strategy. Our core membership, Real Vision ESSENTIAL, unlocks our most popular shows, introducing the key market themes we focus on and featuring hard-to-access guests like Kyle Bass, Jim Chanos, Jim Grant, Stan Druckenmiller and many more. His first book, “Trading Commodity Futures with Classical Chart Patterns,” is considered a classic by many traders.
What statistical measures matter and what don’t to your trading success. Just a moment while we sign you in to your Goodreads account. Veteran analyst Peter Brandt thinks that Bitcoin has more upside potential after breaking out from an “extremely rare” technical pattern.
Diary of a Professional Commodity Trader Quotes
The Bitcoin price could continue its impulsive move up while forming small corrective patterns. A complete set of steps for developing a successful trading plan with detailed explanation of each step. A trading system should be adjusted to meet current challenges, but it shouldn’t be optimized to fit the curve of the latest market events. Months or even years of losses are normal to trader’s account history.
Bitcoin has formed two successive gaps on the derivatives platform. Gamblers obsess with big potential upside windfall profits. Intelligent speculators obsess with managing downside risk. Price Action in Forex trading reflects the flow of executed orders within a specific time frame. The Blacklist is a private network of investors, business operators and thinkers.
It is full of things to learn and old trader’s wisdom to gain. Our only focus should be what orders do we need to have resting in the market. Harry Markopolos is a former securities industry executive and a forensic accounting and financial fraud investigator. He is most famous for uncovering evidence that Bernie Madoff’s wealth management business was a huge Ponzi scheme.
He is a true gentleman of the markets and it is easy to see why he is an industry great. Trading Commodity Futures with Classical Chart Patterns, was published in 1990, is considered a classic by many traders. Peter always has a plan and so when I get an idea from him I take it seriously.
CEO, Factor LLC
With Real Vision PLUS you will enjoy a higher level of access and interaction. Learn how Peter manages his emotions to maintain his edge as a trader.
All traders would benefit from his extraordinary knowledge and experience of charting and how markets behave. I feel lucky to know him, he is a thoroughly decent man and kind and patient teacher. The magic is in combining insightful and experienced chart analysis with sound risk management.
Peter provides a fascinating real-world look at commodity trading. This book is a must read for anyone who contemplates being an effective trader. Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds focusing on the crypto ecosystem and the metaverse. “We continue to see demand, particularly from young investors, for access … read more.
Peter Brandt is a professional trader and earns almost all of his income from trading. An early exercise in putting his trading ideas in writing grew into The Factor newsletter. Consequently, the CME gap, like every other indicator, is probabilistic, and taking trading decisions off of that alone may be foolhardy. In addition, gaps that fill could take weeks or months and would likely still follow overall price action. To understand what the CME gap is, one must first understand how the CME operates.
Peter Brandt has been a dear friend and mentor to me for many years now, so my objectivity is somewhat biased when it comes to talking about him. What we have in common is a passion for markets, though I come from the fundamental side while Peter is a classical chartist. Peter is the consummate trading professional, a trader’s trader, while at the same time he has a keen interest coupled with a rare talent to pass on his knowledge to those that are willing to listen.