Chad_McDeid

Chad_McDeid

Took a downturn highlighted by the black arrow that took out lows (stops) at 2 previous swings highlighted with green arrows, but still wasn't able to break this resistance level highlighted in the green box, this is getting weak. Also finding resistance at the average on the quarterly chart and still technically in a downtrend there.

Chad_McDeid

Seems to be holding support on the Quarterly & Monthly, Clean momentum move up on the Weekly, breakout clear on the Daily. In an accumulation phase? Time will tell.

Chad_McDeid Updated 

This is a breakout pullback on the monthly. A trend pullback entry on the weekly. and the biggest daily discount oil has given up in over a year putting us into oversold territory on the weekly. I like this for a long.

Chad_McDeid

Clear leg up trend play on the monthly here. I used a 26 period simple moving average on the weekly to highlight that were well below the 6 month average price and as you can see were clearly oversold on the daily where the downtrend is simply a pullback consolidation on higher timeframes. I like this for a technical buy even when some fundamental issues are at...

Chad_McDeid

see chart. Buy the fear sell the hype. This asset is well below its 5 year average price, is a great company in a market in its infancy. Buy some for your grand kids.

Chad_McDeid

Stepping up on the weekly. Apply fib trend tool or do your own thing. this is well below the 5 year average for a great company. Ignore the media fear mongering about China.. Remember buy the fear, sell the hype.

Chad_McDeid Updated 

I entered via DiNapoli Levels on the 4 hour breakout starting end of last trading week. I took another entry right before the breakout, It was clear as day through this week. Going forward I'll be watching the 4H and the Daily for single leg and double leg pullbacks as defined by Adam Grimes.

Chad_McDeid

Inflation? Rate hike? Dollar pushing back across the board pricing in inflation is the hot topic. Guess we will see. long term I wouldn't short this but I exited my Oil position last week and got long the dollar. My USDCAD long Is 100 pips in the green and still lagging the overall market with plenty of room to move to the top of its range. -Standard Keltner...

Chad_McDeid Updated 

Expecting range like activity in the currency market. Note basic keltner channels on the weekly across pairs and you'll notice that this activity has begun with USDCHF & USDJPY. Fundamentals at play the markets are pricing in a rate hike. I managed to get in about 30 pips lower than the closing price for the week. If I'm right the dollar could go 800 pips to the...

Chad_McDeid

etf or futures contract? Either way. here's an investible dip. what are your other buy and hold options? stock indexes with this inflation risk? Bitcoin at these highs? this is all we got.

Chad_McDeid

fed talks. stocks high. fake economics. money printing fiat economics. bonds are low. dollar is due for a push back at least.

Chad_McDeid

10 year moving average. 120 simple. months. no brainer. Stocks are way too high for buying

Chad_McDeid

Also resting on the 20ema perfectly finding some buyers. if your into that sort of thing. all I see is a dip on gold for my kids, kids sake ;)

Chad_McDeid

Well below average. Technically oversold. And the macro environment is shifting.

Chad_McDeid

Im staying small. Going to stay in this one for a while. Ready to add on down weeks I'm thinking we might drop another hundred pips. before continuing the trend or beginning a range.

Chad_McDeid

Buying gold for the long haul based on stocks looking like a bubble. crypto too.. dow/gold ratio.. look at the history.

Chad_McDeid

Going short and small with a wide stop here. Carefully.

Chad_McDeid

I have Adam Grimes book I have been reading and I went back to look because I saw this similar on a daily trade he wrote about on wheat. I'm also considering the 100 month moving average and the fact that were at highs of a big range from 2014 on corn. Currently parabolic on the Daily. I'm expecting a trend change to follow oats and wheat. This pattern as far as...