TheBadPanda

TheBadPanda

Been bullish on Wheat -0.18% already for some months. We're in a small consolidation on the longer term but watching for a short term continuation trade going bullish . Watching for a buy below 5.020 with a target up into 5.065 for the day based on support at the 5.000. Peace, love, and sweet bamboo, tbp Note: All ideas expressed here are presented solely...

TheBadPanda

Is it just me or has USDCAD been sleeping this week? EUR, GBP, all moving like crazy and the canadians are as cold as ice. When I see that I usually expect a big move to come, and considering we've been failing to go lower this week I'll expect a move higher. Even if its only a spike. I say that because this is a reversal trade. CAD is looking strong in general,...

02:37

TheBadPanda Updated 

Wheat has been bullish since the beginning of 2018 and I think there is reason to expect to see it continue. Some of the main drivers are: 1. Potential tariff introduction and major us trade partners like mexico moving to other wheat sources affect trade stability and commodities as a whole. 2. The developing drought in the US this summer Watching for a move...

03:16

TheBadPanda Updated 

Here we go again! Crude oil's super mega uptrend looks to continue! Last time we saw a trend like this was 2009, and it's a long time coming after the major declines in 2014. Quick summary why I'm bullish in the next weeks: 1. Overall bullish trend 2. Consolidate and form a higher low 3. Failed breakout lower, breakout higher My next target is 75.50, and if we...

TheBadPanda

Back in April I talked about getting into cotton if it went below the 84 level. Well it did, and what happened after that? A little boom boom! It took its time but moved higher as expected into the 94 level as expected. Trades don't always work out so nicely, so when they do come its nice to be able to say thank you to everyone who followed it with me. I'll be...

TheBadPanda Updated 

Hey guys, I'll get stright to the point! Cotton looks really bullish to me :D The better part of this year we have seen some bullishrallies, but nothing that has really taken us out of the 77-83 range. While other commodities have shown strenght or declined Cotton has done...not much. When I see that I start to think we are getting ready for a bigger move! Right...

TheBadPanda

Whats up tradingview commnity? Last time we talked about cotton I mentioned that I would be looking for a buy if we got below 84. And well we did...was kinda scary wasn't it? Shot down there like it was gonna reverse or something (still could ;) But like I mentioned in the previous post on cotton, in an environment where it should be going lower, its holding...

TheBadPanda Updated 

Yo dudes and dudetts! Your monring coffee is getting cheaper this summer! Well, at least in the short term that's what it looks like. Coffee has been moving steadily lower inside its range since the beginning of the year. There's a pretty clear trend looking at the highs from December/January. As we approach the edge of this I'll be expecting a breakout lower, at...

TheBadPanda

So no breakout... instead a rejection, which means I'm switching bias! Who thinks the rally we saw in coffee last week will form the year low? Possible ins't it? I'm still overall bearish, but based on the reaction we saw from support at 113, I think we'll see a retracement before we get back down below the current year low. Since we saw this reaction off the...

TheBadPanda

If you've followed me over the last little while you'd know that I've been bullish crude oil for the last 6 motnhs and man it's been and exciting ride! Good news is I don't think we're done yet! So there's still time to get in on the party. My long term view is crude to 90 :D Although that's a ways off, and we might need to see some...

TheBadPanda

Despite CrudeOil being in consolidation in the last month and a bit I'm still bullish on the stuff. Call me stubborn. After a nice move down on the week, I think this is just to get everyone thinking we're going back to the 35's (don't believe it). So lets watch for a change in direction to take us back up into the 64.50-66.00 range. What do you think will be the...

TheBadPanda Updated 

I'm gonna share a secret with ya'll. You want to know how every great, rich, famous trader got there? How they crawled out of nothingness eating instant noodle soup to driving Maserati's and eating premium bamboo? Ask your friends...what would they say? They'd say “Those guys know their edge”, “they push their winners”, “they trade their strategy”, or “nah they...

TheBadPanda

Are you interested in the hype and glamour of the cyrptocurrency markets or do you want to make a little extra cash trading? Bitcoin is wonderful and all, but you must be at least a little curious in improving your well being. What's more glamours than a bit of cold hard cash? I advocate simple trading. Some fundamental, some technical. Lots of boring. There's no...

TheBadPanda

When you've got moves like that who needs crypto! (Ok I admit, I still love me some Ethereum) But wow what a sick move from oil here! Nice ride from 63.70 to 65.10 in just over 24 hours, thats a wave I'd like to catch everyday. The question now is will we continue higher? We have a potential breakout above the 65.00 and if we keep this strength going then 69.00...

TheBadPanda Updated 

Crypto is all the rage and over there in the corner is an old freind WTIUSD who's been solidly bullsh the last 6 months. Time to let crypto do its consolidation thing and ride the big black golden wave! With the recent pullback I want to see a rally off the 63.00 that will ultimately take us up into the 69.00. But first we have to get through my first target at...

TheBadPanda Updated 

Don't get me wrong, I like BITCOIN, I'm just waiting. It will have its day again. Maybe when China finally shuts down all the mining operations and they get setup in Russia. Until then its ETHEREUM that I'm watching for all the excitment. The last week has seen Ethereum rally from the 600's into the 1100 and 1200's. Initally I saw the 1100 as potential support...

TheBadPanda Updated 

All the craze, and haze, is in bitcoin. It has already changed the world, starting a new era of world finance, and saving us from climate change ^^ As cool as Bitcoin is, Ethereum has a ton of potential of its own. Its backed by a functional system (computing platform), and offers a versatility to produce blockchain contracts, and even the basis for other crypto...

TheBadPanda Updated 

BitCoin is crashing, and the world's going to hell...all the new excitement is in ripple! No seriously, ripple broke out a few days ago and I've been watching for a retracement to catch another move higher. This might just be it. We saw a lot of trading around the 1.80-1.90 and now a strong reaction from going lower off a support level. Might take a while to...