Peter Brandt

Peter Brandt


Trader of classical charting principles since 1980. Author, #1 Amazon trading book Diary of a Professional Commodity Trader. Publisher of weekly Factor Service

359206 followers  •  566 follow  •    •   https://t.co/KzSFiH45dx

@DavidBCollum  Four year colleges specializing in gender studies, history, philosophy, and charging $70,000 per year will end up without students. That’s a really good start. Let’s close down Marxist training grounds

A report for #Factormembers  post was issued "Factor Report charts on my radar screen for week of July 6, 2020". Please see here for more details.

Chinese stock market has begun its ascent into the sky. Next stop for China A50 is 30,000. #China 

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The Perma bears on the US stock market have been playing their violin song for 10 years.

Even though he forgot how to spell it

@sambrani  @zafargs79Lot 's of things can happen in different time frames. China has been in a massive sideways correction to its economic miracle. I had expected India to do same -- and that thinking may have been wrong. The Indian correction from 12400 to 7370 may have been the full extent of fall.

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Bitcoin takes aim at $100,000 target. $btcusd is experiencing its fourth parabolic phase dating back to 2010. No other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like no other.

Either from Dec '18 low or from retest of same (circa analog dbl bottom in 2015) it would not surprise me if $BTC enters a new parabolic phase. $btcusd

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Millennials embrace $BTC et al, in part, as reaction to $217 Tril of global debt and massive wealth inequality forced upon them by Gen X and B-Boomer parents and grandparents. Cryptos are statement: "There must be a better way"

The last time Factor's benchmark weekly MA was in the current profile of turning from down to up was in Nov 2015 just as $BTC began its move from $340 to $19,800.

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I have made my living since 1975 trading futures markets using charts My conclusion on chart trading: 1. Charts do NOT predict prices 2. Most chart patterns fail 3. Charts simply tell us where a market has been 4. The only value in charts is for trade/risk management

Wow!!! $BTC challenging upper resistance line of parabolic advance. This is biggest bull market of my 43 years of as a trader.

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People ask me why I trade Bitcoin $BTC Ask no more! In my 45-year trading career there has never been another market like Bitcoin.

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How much blood will be on the street b/c of Crude Oil? Bankrupt trading firms NYMEX -- margin calls not met Futures Commission Merchants This is going to be ugly. Books will be written about today. $CL_F

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Blowing through resistance on a log graph -- in 42 years of trading I have NEVER seen anything like this. $BTC $btcusd #Bitcoin  Pay attention folks, you may never see something like this again.

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Realities of a trader 1. Losing money makes us feel inadequate 2. Making money (but never enough) makes us feel inadequate 3. Being on the sidelines makes us feel inadequate A purpose of the market is to make us feel inadequate Welcome to the life I've lived for 45 years

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