Description of Trading Commodity Futures with Classical Chart Patterns
Peter Brandt is the world’s foremost authority on trading commodity futures with classical chart patterns (head and shoulders, triangles, wedges, etc.). He did not gain this recognition by writing books and giving seminars. He is, first and foremost, a trader. He has been earning his living from trading his own account for over sixteen years. And he started with less than $3,000! In this book, he tells you exactly how he himself trades. Peter Brandt’s trading plan is based almost exclusively on trading the classical chart patterns popularized by Edwards and Magee’s famous book, Technical Analysis of Stock Trends. This book is not intended as a substitute for Edwards and Magee. It is a companion work which shows you how to trade the patterns in commodities. It is full of tips and examples showing you exactly how to exploit the patterns just like Peter Brandt does. Being a successful trader involves far more than being able to recognize a triangle forming on a T-Bond chart. Wouldn’t you like to sit down with someone like Peter, who earns his living from trading, and pick his brain about every detail of his trading approach? Working with Bruce Babcock, founder of Commodity Traders Consumer Report, Peter has attempted to “open his brain” and teach you everything he considers important in trading. The book includes a detailed conversation between Bruce and Peter about the Peter Brandt approach to trading. There is also a huge section which analyzes the exceptional chart pattern trades that occurred in the commodity markets during a specific two-year period of market history. See for yourself how effective this trading approach has been over the years. All these examples with Peter’s commentary are a tremendous learning tool. You can examine how the markets have acted in the past and how the various chart patterns have developed. This book is a resource to come back to again and again as you trade the markets of the future.
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