DUBAI TRADERS SUMMIT – RECTANGLE

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In April 2018, I was invited to share my experiences in charting the Middle East and Africa equity markets at the Dubai Traders Summit. The event was not recorded. I wanted to make this presentation available for our members so I recorded this educational video, featuring parts of the presentation I shared at the event. This section focuses on Rectangle examples. I hope you will find it valuable.

 

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DUBAI TRADERS SUMMIT – H&S BOTTOM

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In April 2018, I was invited to share my experiences in charting the Middle East and Africa equity markets at the Dubai Traders Summit. The event was not recorded. I wanted to make this presentation available for our members so I recorded this educational video, featuring parts of the presentation I shared at the event. This section focuses on H&S bottom examples. I hope you will find it valuable.

 

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Ascending Triangle Chart Patterns – March 2018 Tech Charts Webinar

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Ascending Triangle Chart Patterns - March 2018 Tech Charts Webinar 
  • Ascending triangle is a reliable bullish chart pattern that can act as a bottom reversal and continuation
  • Breakouts from chart patterns with horizontal boundaries are more reliable when compared with breakouts from diagonal boundaries
  • Important technical points when identifying ascending triangle chart patterns
  • Importance of several tests of chart pattern boundary before a breakout takes place
  • The broader context of price action and where the ascending triangle chart pattern forms
  • Ascending triangle as a launching pattern
  • Ascending triangle forming as a bottom reversal will take longer to develop
  • Review of ascending triangle chart pattern breakouts between May 2017 and February 2017
  • Defining chart pattern negation level and a logical point to label chart pattern negation on ascending triangle
  • Recent chart pattern breakouts
  • Developing ascending triangle chart patterns; a review of watchlist candidates
  • Q&A
Live questions from Members  
  1. Which broker do you recommend, where I can trade these stocks? I’m having a hard time finding one. 48:05
  2. If I’m new to classical charting, what should I do to learn how to identify each pattern? 49:45
  3. Any comment you care to make on the state of global markets? Europe and Japan look on edge… 51:44
  4. Do you actually search through hundreds of charts each week or do you use a software that alerts you to a breakout taking place across various markets? 53:14
  5. Science vs Art question - on the SBLK chart can you discuss your reasons for drawing the horizontal line where you did? 58:13
  6. Do you sell all your positions at profit target, if not how do you scale out? 1:00:33
  7. Do you look at currency and commodity patterns?1:01:23
  8. Do you look also for short sale candidates? 1:02:30
  9. Is there any point to consider when applying classical chart patterns on forex charts instead of stock? 1:04:50
  10. Do you have an estimate of timing - when the target should be met breaking out of these ascending triangle? 1:05:45
Recorded live 3.8.2018    Read More

Rectangle – Bearish Continuation

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Rectangle Chart Patterns – December 2017 Tech Charts Webinar

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Rectangle Chart Patterns - December 2017 Tech Charts Webinar 
  • Rectangle is a reliable chart pattern with horizontal boundaries.
  • Breakouts from chart patterns with horizontal boundaries are more reliable when compared with breakouts from diagonal boundaries
  • 5 important technical points when identifying rectangle chart patterns
  • Importance of several tests of chart pattern boundary before a breakout takes place
  • The broader context of price action and where the rectangle chart pattern forms
  • Rectangle as a launching pattern
  • Long-term chart patterns will launch strong uptrends
  • Breakout above more than one technical resistance is significant
  • Review of all rectangle chart pattern breakouts between May 2017 and December 2017
  • Developing rectangle chart patterns; a review of watchlist candidates
  • Member charts, analysis of Tech Charts members charts
  • Q&A
Live questions from Members  
  1.  Any thoughts on gold? 48:01
  2. Comments on general questions from members 48:59
  3. What charting platform do you use or recommend for Canada? 51:07
  4. Profit target / exit strategy: any views on the most profitable as 1/ exit 2/ half exit, half keep in trade 3/ trailing stop? 52:22
  5. Broker to trade international stock from Canada? 53:48 (Member reply 58:30)
  6. Could you please explain how you proceed to look at a chart? For a beginner, it's often we don't know where to start when looking at a chart. 54:02
  7. Do you use any indicators to support the breakout or avoid fake breakouts like rsi macd etc? 57:20
  8. I am using CMC Markets which is a free platform. How does this compare with Metastock? 58:54
  9. Would you consider an initial trade at the lower boundary of a rect. after it has been tested 3-4 times and held? 1:00:18
  10. Re entry on a pattern failure, are there any parameters you have? 1:01:36
  11. Can you discuss how you calculate the Negation Point? Do you still keep the stock that triggers the Negation Levels / Point in your watch list? 1:01:36
  12. What do you think is the success rate of the weekly rectangle in % (like 60 or 70%)? 1:04:34
  13. Do you keep statistic of triggered breakouts that failed vs successful ones that you posted in a member section? I mean a ratio between them. 1:06:25
  14. Could you talk a little on the Bitcoin chart. 1:07:39
Recorded live 12.14.2017 Read More

Factor LLC and Tech Charts Member Webinar – September 2017

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Member Webinar and Q&A with Peter L. Brandt and Aksel Kibar - Recorded live September 21, 2017

Opening discussion/presentation by Peter and Aksel 

  • Favorite classical chart patterns
  • Establishing timing of entry and targets
  • Current markets

Live questions from Members  

  1. Peter: Do you track prices of rice separately or is it included in the grains chart that you already are tracking? 46:02
  2. Aksel: How important is the volume when price break out from the chart pattern? Is it more reliable with higher volume in your opinion? 47:01
  3. Either: CS - (as an example) You pull up a chart on interactive brokers, big charts, metastock, etc., and you get different break out resistance lines — what is the “official" chart? 48:23
  4. Peter: Since I traded more in India, can you please tell what is the strongest sector that can be played for nifty move up to 11250? 50:54
  5. Aksel: What risk management / trade management rules of thumbs do you apply when trading? 51:41
  6. Both: From observing your trades/recommendations you seem to have a different time frame for your ideal trade setups (10-26 weeks vs 4-24 months) — would be curious to understand if this is a function of the different markets you trade or if you just have different experiences with the reliability of time frames or something else? 52:51
  7. Both: Neither of you use volume in your analysis, to confirm breakouts , etc., can you talk a little bit about why you don't use it, especially for stocks Aksel as volume is more readily available there compared to forex. 54:54
  8. Peter: Can the right shoulder in gold chart morph into an abbreviated one and thus making it breakout powerfully?  What is the reason for you to have the H&S to be symmetrical in case of gold? 58:13
  9. Aksel: I have a general question concerning the neckline of HS-Formation. I noticed the neckline/boundary can be horizontal, and diagonal as well. Is that of any significance? 1:00:12
  10. Either: With regard to futures the successful patterns are 12-16 weeks long. In light of having to wait for the “right" patterns as a trader are you not significantly limiting yourself in building significant equity due to the few opportunities that emerges. 1:00:52
  11. Either: What do you see as the pros and cons of using CFDs for trading stocks? And is it an instrument your recommend using? 1:02:42
  12. Either: If a flag/pennant correction after a previous move, where you ideally enter and set the stop loss? 1:04:10
  13. Peter: You mentioned the tactical challenges in trading 1-2 year patterns — would you mind explain how you address these challenges tactically? 1:06:10
  14. Aksel: Do you agree with Peter that profits should be taken when target is met? 1:08:03
  15. Either: Do either of you have a real preference for bars over candles and why? 1:09:29
  16. Peter: Do you also watch bar-by-bar in order to identify patterns more accurately. Kind of "tape reading"? I understand you trade the break out, but are you more alert when e.g. bars are more narrow ranged at the moment you think breakout comes? 1:10:25
  17. Either: Where do you place initial and subsequent stops on BO? What do you consider too late a BO entry? 1:11:18
  18. Either: There are so many great trade set up ideas provided for in your chart analysis.  Practically when managing capital, you are constrained by the number of trades that you can take. How do you manage the process of selecting the "best trades" and what criteria do you use to define those? 1:14:06
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