Episode Three – Classical Charting & Technical Analysis

Published on
17 May, 2017
Technical Analysis, Trading, Psychology
52 minutes
Asset class
Commodities, Currencies

Episode Three – Classical Charting & Technical Analysis

Featuring Peter Brandt

In Episode 3 of Charting Masterclasses from a Trading Legend, Peter Brandt delves into the world of classical charting and technical analysis. Peter explains what charts can tell you and importantly, what they can’t, with a lesson on the major pattern formations he looks for and the crucial ability to spot false breakouts. There’s also a number of practical examples of how price trend action has followed chart patterns in some of the major commodity and foreign exchange markets.

Published on
17 May, 2017
Technical Analysis, Trading, Psychology
52 minutes
Asset class
Commodities, Currencies


  • BE

    Bruce E.

    6 8 2018 02:30

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    Outstanding! I am a former Factor subscriber, have tremendous respect for Peter Brandt!

  • SM

    Sarit M.

    13 6 2018 23:01

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    Awesome talk, Peter. Definitely very inspiring! I had a couple of questions about the head and shoulders pattern.

    Schabaker mentions patterns with ascending and descending neck lines. Do you ignore those as diagonal patterns? Also he mentions that head and shoulder bottoms in ascending charts are not as reliable and should be ignored. Does that still apply? I saw that you showed a perfect hear and shoulder bottom pattern in your example with gold prices that really worked out in your favor. So I wasn't sure...

  • MN

    Marcus N.

    2 5 2018 09:43

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    Hi Peter,

    I'm curious about your stop-loss technique. As you mention, Algo trading and HFT can produce very long candle wicks, and I believe that there are some snipers around who place low-ball bids during after-hours trading in the hope of getting filled during low-liquidity lulls when the US & European exchanges are closed.

    So how do you set a stop that protects your trade if you get the trend wrong, but doesn't get filled prematurely while most people are asleep?

  • ju

    justyna u.

    20 6 2017 16:40

    1       0

    What was the book?

  • EL

    Eric L.

    16 6 2017 06:31

    0       0

    Very good point.

  • JF

    John F.

    14 6 2017 21:27

    1       0

    Great series, thank you to Peter & RV. A quick Q.
    When you are looking at non-futures markets do you use charts that adjust for dividends or not? This can have a significant effect on patterns e.g. EWM.
    Many thx in advance.

  • SB

    S. B.

    4 6 2017 16:23

    1       0

    Very interesting! Never really used charting, so a great introduction!

  • EG

    Eduardo G.

    23 5 2017 13:08

    2       0

    Thanks Peter and Realvision for the great video series. If I may ask Peter a question, and I apologise in advance if it's a stupid one, but how long in average do your winning/losing trades go for? In other words, in average, how soon you know whether you entered the trade at the right time or not? Many thanks!

  • JL

    Jimmy L.

    23 5 2017 12:21

    1       0

    This is the first time I hear someone group patterns between horizontal and diagonal patterns, it"s quite refreshing, maybe with diagonal patterns It"s always way too subjective to draw, especially when the swing lows jump all over the place, so you break one trend line, you can always draw another slightly lower/higher....with horizontal patterns...you can always aim for where the horizontal line is....makes the pattern more clear cut to trade on....

  • JM

    James M.

    20 5 2017 13:42

    2       0

    Peter with HFT as it is today what do you think of TA and the Self Profiling Prophecy thesis?

    Excellent episode and a fantastic series overall, it has convinced me to subscribe to the Factor. I am so incuraged to hear Peter state that he feels that most of the modern indicators are irrelevant as they are just a reflection/derivative of PRICE so why complicate or add complexity to an already very difficult pursuit of charting and over all speculation with multitudes of INDICATORS, always seemed more like a sales gimmick to me for TA tipsters ? I was always skeptical of TA until coming across Peter but his classical approach has convinced me to reignite this resource of classical charting for speculation. The main indicators to me are PRICE and VOLUME(COT) everything else seems noise.

  • CY

    C Y.

    20 5 2017 13:37

    5       0

    The conclusion I draw based on his win ratio is that his biggest skill lies in trade management. Keep your losses small and let your winners grow. His humility and ability to change his mind is another of the skills that is easily observable. Awesome interview.

  • MB

    Max B.

    20 5 2017 11:37

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    Good content. I was starting to get bogged down with all the tech analysis but will def be be giving this approach ago, combined with macro. I like the simplified approach. Good stuff

  • DW

    Daniel W.

    19 5 2017 01:45

    2       0

    Is it possible to ask Paul a question?
    I would love to hear how big his stops are for his 3 preferred patterns where he trades on a breakout. How far away his entry does he put his stop? Thank you Peter for your great content!

  • JH

    John H.

    17 5 2017 22:08

    2       0

    Not a big charts guy myself. I like how he says most of the time, markets defy any (of his) analysis. Also that weekly charts are most reliable (and intra-day useless), which makes sense in this day and age of algorithmic trading.

  • TL

    T L.

    17 5 2017 22:00

    9       0

    very good content! really loving this video.
    Peter, do you agree, that charting works best in markets that are the least algo driven?

  • MS

    Matt S.

    17 5 2017 12:14

    1       14

    First again? OMG :)