Robert Peel began his career as a futures industry professional running orders to and from the bond pit at the Chicago Board of Trade. Early on he learned how important it was to read the quote boards. The quote boards show the high, low, last trade price and the three preceding trade prices as well. To get a better understanding of price movements he needed a physical picture of that price movement. He began to keep track of each change in the price by creating a tick chart on the reverse of a trading card.  By charting these changes in price he got a visual picture of price patterns and chart formations. Alas, this was the birth of his charting career.

Continuing his education in futures, Robert took courses that focused on investment economics and analysis. It was through these studies that he learned about aspects of charting he applies to his market analysis today.  Some of the studies used in his analysis encompass wave counts, retracement studies, trend angle, seasonal trends, and cycles.

Of all these he considers time to be of the utmost importance    If you can determine a time frame in which prices will likely be trading in a given range it should assist a trader in determining their entry or exit point. Given a predetermined point in time, if a trader expects prices to move to one of two levels in a trading range and determine the best approach to enter or exit a trade in that market. These  time and price ranges can be applied to most futures markets. When these time and price points occur there usually is an increase in volatility. Options traders should find this quite helpful.

The Time and Price elements of charting are detailed and complex.  Robert works with his clients to help educate them in the use of this invaluable forecasting tool. Just contact me if you would like to learn more.