bitofamacroman

bitofamacroman Updated 

DO NOT LISTEN TO ME on this one unless you have a high-risk tolerance. Personally, I do and I believe the peak in prices for a little while has already happened. In any case, my SL here would be like $10 to make $30 at these prices. You can wait for a better setup but I am scaling in and sold some at 80.25 and will sell a little more here. This is a trade...

bitofamacroman Updated 

Top end of daily risk range, setup forming, Macro environment (peak inflation is in for a little while and we may be in for some deflation where the USD will do well).

bitofamacroman Updated 

Was long for 18 months, time to consider normalization of prices and OH YEAH, peak inflation is in.

bitofamacroman Updated 

Been long a long time all commodities. The trend here has been tested and held. Q4 Commodities higher, inflation increasing, growth accelerating. Stay long commodities and buy these nice pullbacks for now. At some point, this will change but that signal is not yet. This is also forming nice wave pattern setup to go along with the data. Personally, I think yields...

bitofamacroman

As we know, news media and their narratives are far behind. In fact, inflation began back in late 2020 and continued all throughout 2021. Now it has peaked, as commodities and the CRB are signaling lower highs into mania. There is a nice pattern forming on the daily here, so watch the lower time frame for a reversal and flag. Can also buy Gold and Real Estate...

bitofamacroman Updated 

Fundamentally as well as technically and with a wave pattern buying area as well. 1.1725 on the buy for us SL below 1.1650.

bitofamacroman Updated 

Rising inflation appears not to be transitory as Bonds and data as well as Global commodity inflation appears to remain, The CRB, Oil, Lumber, Cocoa, Oats, Nat Gas, and others all showed weekly price gains and nice wave patterns appear to be forming as well.

bitofamacroman Updated 

SL below prior low I believe we will see new highs or at least test the previous ones.

bitofamacroman Updated 

Long entry longer term with room to downside on SL as noted or to tolerance. This is a longer term trade so use low risk wide stop small size and begin to build position.

bitofamacroman Updated 

SL give it some room and have some patience here on the break. Will update shortly with levels but this appears to be an opportunity on a pivot.

bitofamacroman Updated 

SL maybe 1785 but this is also adding to what may become a little longer-term position.

bitofamacroman Updated 

Bottom of a channel, broke a prior low just a bit, now look for a reversal. You can wait until the reversal and first correction or begin to add incrementally and take a longer-term approach with more room to breathe. We are giving it a short here at 8505 and will likely use an 8480 SL.

bitofamacroman Updated 

Taking a small position LONG gold here. At the lower bound of a calculated range on Vol and Price and setting up for making a nice wave pattern. Again, its a SMALL position because its against the prevailing trend still, but we may be on the precipice of a macro change. Again MAYBE. So caution is warranted in using a small position and see what will play out...

bitofamacroman Updated 

Long 108.22 with SL below 107.50 targeting upper 109's to 110. Calculated risk range using price and volatility 108.01 - 110.00 Potential wave pattern setup developing.

bitofamacroman Updated 

We are at the lower bound of a range calculated on price and volatility and setting up for a nice little rebound after the sharp decline that may play out in a nice wave pattern. The downside may not be done yet, but this is a nice spot to step in with a calculated risk. SL if you like to your tolerance, We're starting small in position size and give it time to...

bitofamacroman Updated 

I am a believer longer term in gold, but here, we have to pay attention to the economic conditions as well as the signals AND the mathematical calculations based on price volume and volatility. When we have that much convergence, it makes the trade one of significantly higher odds for success, and that is a thing for which we strive (Ex. Risk...

bitofamacroman Updated 

Above top end of daily calculated range, this appears a great opportunity to add to existing short positions or open new ones. Further, this spike higher may be the end of a small wave higher to begin a run for a LOWER LOW. RIsk manage to your tolerance 2%

bitofamacroman Updated 

Been selling gold into this rally and sold some more this morning 1838.50 but ok to sell here too. See chart attached. This may be the high for the next 30 days and a low in 10yr rate as well, so purchased some of those futures. The volatility / price range on gold today is 1757-1827 so anywhere near or above 1827 (The calculated higher bound of the daily range...