Critical Support and Resistance Levels for Bitcoin, Gold, and Oil - with Casey Stubbs and David Moadel
welcome to looking at the markets with David Modell I like to interview people
from all different areas of finance and the markets because this is looking at
the markets and today I've got a gentleman on my program I'm very
privileged to have him he is mr. Casey's Doug Casey Stubbs from finance and
markets boy he is involved in so many different aspects and facets of the
markets of finance and we're gonna delve into all of those and how he can help
you as a trader investor or just about anybody involved in finance he has ways
he can help you and there's a lot to learn today so Casey Stubbs welcome to
looking at the markets thanks David glad to be here yeah it's great to have
you finally this was a long time in the making so why don't you tell the
audience a little bit about who you are and what it is that you do so my name is
Casey and I have been online in the financial markets ever since I was 16
years old my dad was a traitor just for a second source of income he was
investing in stocks and when I was 16 he asked me to help him set up his computer
because I was a computer nerd and he didn't know how it was just when the the
internet was just starting to take off and stocks was transitioning from being
a phone call to being on the computer so he asked me to set it up for him so I
got him all set up and then afterwards I'm like wow this is pretty cool I
really enjoy the possibility of making money with with stocks and so right then
at 16 years old I was really interested in the markets wow that's an early start
and what a great start sounded like you were helping out your dad and but you
were helping each other and getting your feet wet so to speak in the markets were
you actually doing or getting and getting involved in trading and
investing yourself at that early age and I was actually trading a couple stocks
out of my dad's account I don't think I don't know I think you have to be 18 to
actually open an account so I didn't actually open my first account till I
was probably 23 because I joined the military after that but
even while I was in the military I was I opened up a stock account and I started
to buy and hold stocks at a young age just with extra money that I made out of
my army paycheck oh wow okay and do you remember the
first things he used to invest in I'm guessing blue chips for most people
right if I actually bought four stocks right off the bat and it was great I had
the best run of timing ever I didn't put a lot of money in a couple
thousand dollars but I was investing in Cisco Systems Intel Ford Motor and
Lockheed Martin those were the four stocks that I was investing in right
away and what had happened was it was in 1999 and it was a run-up to the big 2000
crash and so I was just putting in putting in putting in and then towards
the end of beginning a two thousand I got out of the military so I was I
pulled all my profit out and I closed off all my trades and then right after
that the market had a big drop and so I I call that the best timing ever but it
was really total luck okay hey you know what I'll I'll take luck over skill
almost every time because you know I tell you did great with that one and I
wish we could always do that well so then how did you get in involved in
starting to help others in the financial industry
well you as I mentioned I had some computer interests so I was always a
computer geek and I could just continued on with the markets just following it
and doing a little bit of trading here and there however in 2009 is when I
launched my first website which was called winners edge trading comm which
no longer exists because it got acquired by my other company that I started but
winners edge trading comm I started it and I was just basically trying playing
around on the web sharing my experiences of trading sharing my personal stories
sharing my trades doing some analysis on currency trades and
what happened was that that ended up taking off because I was working
part-time in construction industry and that jaw the website took off and after
the first year of running that website I was making some revenue from from
running the website through ads and through trading and also through some
product sales because some traders contacted me it was really a
high-traffic site so some traders some professional traders reached out to me
and said hey we noticed your website we'd like to maybe launch a joint
product with you and so I was the marketer and then the traders were the
traders and we worked together to grow a trading business and that was in 2009
yeah and you've done quite well since then you've helped so many people so how
do you help people today in the financial world well I have another
company that I've launched and it's called trading strategy guides calm and
basically what we do a trading strategy guides calm is we produce a strategy
that traders can use in the retail markets okay and we produce different
strategies we come up with one new one a week and we write it out really simple
so that people can understand it we give clear entry instructions and exit
instructions and this is these are designs that they can be traded on any
market whether you're a stock trader whether you're trading Forex whether
you're trading crypto or futures these strategies work because the price action
is the same the indicators that we use work on all the platforms and so we try
to make it simple so that anyone can follow a lot of times you'll look online
for a trading strategy and it's a bunch of mumbo-jumbo people don't understand
it the images are not clear they're like when do I get in when do I get out it
gets very confusing for people and so we've kind of really taken pride in to
make it simple and easy and clear it looks nice
so that it's it takes all the confusion out of it for people yeah I like that I
like the way you're keeping it simple I watch a lot of YouTube
chart gurus in quotes on yu-yan YouTube and elsewhere and they don't really
explain things they don't break it down very well they show their chart and they
show a bunch of lines lines all over the place
indicators here and there but after you watch the video you lost twenty minutes
or half an hour of your life and you're no smarter and you know better a trader
or investor because of it whereas what you're doing is you're
actually you're an educator like me you're a lifelong educator like I am you
you break it down you make it simple can you give us a taste or a sample of what
this might look like you know this indicator is this a proprietary
indicator that you invented or what is it well I get really to that but it's
funny when you say about when you look at some of the Guru's charts it's kind
of hilarious because you'll see them and you actually end up more confused
afterwards you think those guys must be really smart because I have no idea what
they're doing it looks like sometimes it looks like a
big mess but so so the way that our strategies work is we produce the
content on our website and it's an it's in an article format and they read it
and then what we have done to make it even easier for them to trade is we
create an indicator based on the strategy to help to be used as a tool to
help them trade it and it's a low cost indicator because we want everyone to be
able to do it and we we publish it so that it can be used on many different
trading platforms one of the most popular trade trading platforms we like
to produce our indicators on is trading view which is a charting platform that
works for any markets in it's web-based I absolutely love it you don't even need
a broker account to use trading view so that's really cool but look an example
is one of our strategies is a reversal strategy and we called it the EFC and so
then we created an indicator that helps show you how to trade the EFC with just
a tool to make it even easier it's a visual representation
helped a trader make trades using that strategy the EFC I'll have to check that
out and hopefully some hopefully people watching this and listening to this will
check out your your website and your services so let's let's get a little
taste let's get a little sample because people want to know what you're looking
at right now I'm not asking you to make predictions here you know where I
nothing in this video is to be interpreted as investment or trading
advice or suggestions I'm not a licensed or registered investment advisor people
have to make their own decisions but what do you see in the markets right now
what are you trading right now are you bullish on anything are you bearish on
anything okay so so this will be this is a great question because we can take a
look at one of our indicators to use I can use that as an example so the EFC
and it's we were kind of being funny with our marketing EFC cuz no one really
knows what that stands for but I'm gonna let the secret out here on this show oh
there we go not that anyone even cares but EF sees EF C stands for easy fast
clean because we like to keep it keep it clean and simple so that when they see
this indicator they're gonna be able to get in easy fast and it's clean there
it's not gonna clutter up your chart okay so right now if I'm looking at gold
for example and I've got my EFC indicator on the chart and I can notice
that it's been going down for a long time right and there it's coming up
against some some resistance areas one of the areas that I'm looking at is a
potential resistance around 12 1250 12:35 range no no 12 35 range I'm
looking at it and so with the EFC it's telling me that it's overbought or
oversold it's in it it's looking for a reversal so this is a reversal indicator
it's there's a lot it's coming up into a support area and so what we were waiting
for before we actually take a signal is we would look for it to start to bounce
and to break a couple resistance areas on the top
get a little bit of upward momentum before we end up going long on that
potential trade hmm so right now you've got gold as entering into oversold
territory but you're not tracking taking the trade quite yet you're waiting for
signs of reversal according to your EFC indicator would that be correct that's
exactly what we're looking at and I'm I'm thinking that it's probably gonna be
around the 12:30 area because if you look at the daily chart you can see some
nice support there and and as you know in trading it's not never guarantee you
don't know if it's gonna how it's gonna work out that's why you play the
percentages so if it doesn't if it doesn't end up holding it could be a an
even further downward turn and that's just sometimes it happens but you know
the balance has always got to happen right so when it does we want to be
ready for it gotcha now let's say you make that entry
at the 12:30 area for gold and things do go further against you it just keeps
going down do you have a stop-loss do you just ride it out what are you gonna
do oh I'm definitely not gonna ride it out because what I like to do is to keep
my losers really small and keep my winners big and so what I'm gonna do is
I'm gonna put my stop probably about 12:20 and then if it keeps dropping then
I'm gonna wait for another re-entry so the indicator will tell me when it gets
some more momentum when I want to get right back into it gotcha all right
so that's gold a possible entry at around 12:30 with a rather tight 1220
stop gotcha and that's according to your your indicator so far and these things
can always change cool what else you looking at
well another another type of strategy that we produce on trading strategy calm
which is not we didn't invent this but we teach people how to trade chart
patterns right and we've done it in a way that's a little different in the
fact that we give really nice-looking images we keep it nice and clean
we give really step-by-step instructions we make it simple for people and one of
the one of the chart patterns that I'm noticing
now happens to be a descending triangle on on Bitcoin and so if you look at
Bitcoin it's been making its way down and there's a triangle and so if you
understand how sharp patterns work it's there's a flat bottom and it means
there's support right so there's supported a couple different levels
around the six thousand mark and it's been holding I don't know if you
followed Bitcoin at all but it's been holding at six thousand its 6100 right
now if that breaks to the downside I think we could have an extensive run
even lower possibly three thousand and so if we get a break out to the downside
on Bitcoin we could see continued losses now with that being said I'm still very
bullish on the Bitcoin long term so if it does drop I'm not going to take this
trade so if it goes from from six to three I think it's very possible so if
you're a day trader and you want it and you see that clean break like just pull
up your charts right now and you can look at it if you see that clean break
go ahead and take that short if you want but I'm more interested in long term so
I'm gonna be evil every time it drops I'm gonna buy more so if it gets to the
3000 I'm gonna be loading up mmm Wow Bitcoin 3000 so it would have to be cut
in half after it's already been more than cut in half the from the top at
around almost twenty thousand for Bitcoin to three thousand that's that's
pretty drastic but it takes guts to get in after after a drop like that do you
feel emotional when it gets like that I don't because I'm just loading up
because I believe that it's gonna be above that I think you probably share
some of my thoughts on this now I don't know if what you think about the drop if
you think that it's too it's already over well over sold the only reason I'm
saying that it's not really a fundamental thing it's just that I'm
seeing that it keeps testing this 6,000 level and it really looks like it wants
to go and if it does that could create some more panic because there's a lot of
traders that are counting on that level on that support level to hold gotcha all
right so these support levels become self-fulfilling prophecies sometimes
what is what it sounds like because many people are watching the
same levels and so they actually kind of work out that way so cool what else we
looking at besides gold and Bitcoin well another big one right now is crude oil
if you've been following that at all crude has been moving up nicely it's
it's getting to a point where it could be a little overbought it's kind of like
the gold except in Reverse if you look at my EFC indicator again it's showing
that it's overbought right now it did just take out a new high recently at at
72 it just crossed and today we're at 73 50 so I'm thinking that it's gonna hit
some pretty serious resistance around the 80 mark so if you look at the weekly
charts and you're noticing that crude oil has been tested many times in the 80
and when it finally broke back in 2014 in November it hasn't been it back to
that level again so that's gonna get a lot of resistance at that point so I'm
gonna be looking for a possible short on oil with the EFC indicator being
overbought when it gets into the 80 range and it's I'm gonna take the trade
the same way as I did with the goal as I'm going to take with the gold I'm
gonna wait for it to get some momentum to the downside break a couple levels
and then get into the trade use a nice tight short stop interesting so possible
short position in crude oil at the 80 level which has been resistance in the
past and this is all the core all according to your indicator very cool so
we got levels for those any particular stock names or just just the SPS in
general the the Nasdaq now anything like that well I actually haven't seen
anything trigger right now on the stock market
I've just been keeping my eyes on on those three so I don't really have
anything to share with the market although I know it's been very volatile
lately and it's it's it's been really resilient right and so we've seen the
market continue to rise to rise to rise and the question everybody's talking
about is how long can this bull market last I don't know yeah yeah and we're
not expecting you to know nobody has a crystal ball that I know of at least at
least not one that works regardless of all the gurus out there who claim to
know better all you do instead of trying to make
those kinds of crystal ball predictions it sounds like you just have your
indicator you use your eyes and the machine learning the computer technology
that we have to look at those support and resistance levels and decide where
is a good entry point and where do I get out so it sounds like you you keep
really tight stop losses do you find yourself getting stopped out a lot as a
result so I honestly don't really look at thisis being that tight and I guess I
guess it depends on how you're looking at the market so that's a great question
so if you're looking at a daily chart and you use that as your overview like
the big picture look and then you drop down to a smaller chart to actually
manage your entry and your stop then it's not necessarily that tight so if
you if you're using a daily chart and then you you take your trade on an
hourly it still gives you a really decent amount of room so if I go in
around let's use the the crude oil one that I just talked about if I enter
short around seventy nine and I give it a two dollar stop-loss that's actually a
pretty pretty big margin and it depends on your size too if you've got a if
you've got a if you're really loading it up on leverage you need to keep your
stops short in order to maintain your risk and it can also be used it's it's a
positive and a negative thing it depends on how you use it but you can
keep your stops a little tighter increase your size and there you're
gonna get a little bit more rewards because you're able to to increase your
trade size by keeping your stop a little bit tighter sure absolutely
now do you do some short-term trades and some long-term trades
do you how much do you allocate toward day trading swing trading and long term
buy and hold well one of the really cool strategies that you can use that I like
is to focus on short term to be a little more aggressive with right and so here's
a really good way to maintain your portfolio I believe that everybody
should be aggressive and conservative at the exact same time and so you take 80%
and you keep that in your safety mechanism and then you take 20% and you
do use that for short term trading and you're really aggressive with it and so
then what I do is if I get a nice run where I'll make some profit on the short
term I'll then roll over my profits and I'll put them into my conservative file
and that way I've already made a profit and then my aggressive trades are not at
risk anymore so like so if I let's say I put $5,000 into my aggressive file once
I make another 5,000 I'll pull that off I'll put it into the conservative and
then I don't even have to worry really about losing because I've already made
the money back on that and so that's one way that I use to keep my profit safe
absolutely so you're playing with house money at that point is what it's exactly
exactly yeah and that takes some of the emotion out of it of course if somebody
took that the wrong way they they could use it as an excuse to be reckless and
we're not talking about being reckless with that money just because it's house
money doesn't mean you should gamble it away you still have to have a method you
still have to have a plan you know trade your plan and plan your trades and
that's what your that's what it sounds like you're doing and you're doing it
day in and day out do you take a trade every day or can you
go for a long time without taking a trade
I usually try to trade maybe one trade a day and then I have some longer term
trades that I'm that I'm buying and holding like for example bitcoin is a
great one for me right now that I'm buying and holding and so what I'm doing
with Bitcoin is every time I hit a dip I'm adding right and so right now I'm
underwater and that's okay because I didn't get in at the top a lot of I
started to get in on the way down right so I every time it drops a new level is
when I add more if I was sitting in at the nineteen thousand point like a lot
of the guys that are suffering that would be a lot more emotional and a lot
more difficult but for me every time it hits at bottom I'm adding more I just
added more last week and you know if it goes up I'm really really happy but if
it goes down I'm really really happy because then I get to add more so it's
kind of a great place to be where you get to be happy whether it goes up or
down that is great very few people get to that point it almost sounds Warren
Buffett esque where if you buy something at a great price and it goes down hey
it's at an even better price now and you didn't throw all of your capital into
that one trade so it's okay you're scaling in you're averaging down because
you look at it you already bought it in a great price why not buy a little bit
more at an even better price that's not Warren Buffett tends to view it and it
sounds like you've got that great attitude as well where you never you
never have to buy out of fear you never have to wonder whether you're gonna sell
because you got your stop-loss is in place and for the long-term vine hold
situations you know you're buying something you believe in you believe in
the blockchain technology you can buy the crypto currencies but only if you
believe in the technology and you believe in the future of Bitcoin and so
on is it just Bitcoin for you or do you have other crypto is that you like to
look at well right now I'm just doing the Bitcoin but I was looking at
possibly getting into a ripple also I'm gonna do a little more research on that
one but you know I think the biggest problem that I'm actually gonna have is
number one is when I do make my profit because
no I'm gonna make it is when to sell right because if they if it goes past
twenty thousand again is they gonna hit fifty is they gonna hit a hundred I
don't know and so that's gonna be a challenge is to figure out okay cuz I
don't want to leave a lot of money on the table
so I'm gonna come up with a strategy possibly take a portion off of it maybe
leave a small piece on to run for the long term you know take a big chunk and
then so that's one problem and the other problem is what do I reinvest in after
that so once because I like to take my profits and then roll them into
something else so once I once I take my profit I'm gonna have to have to find my
next my next good thing well if that's your biggest problem in life you'll
probably be doing okay yeah what do I do with those massive games hmm a lot of
people would love to have that problem right so it sounds like you're doing
great so once again if people want to find out more or if people want to
contact you where should they go okay so if you're interested in the EFC
indicator you can go to trading strategy guides calm I actually have a free
report that gives you exactly how to trade that at trading strategy God's
calm I can give you the link if you want to post it below the video people can
check out that report and it gives them everything they need they don't need to
buy anything from me you don't need to buy a tool or anything because I show
you exactly how to trade that strategy so that's one resource I can give you
and then if you're just interested in me I'm doing so many different things in
the finance market you can actually go to my website Casey Stubbs calm and find
out what's going on with me there great so if you'll send me those links I will
put them in the description below this video if you're watching this listening
to this right now feel free to click on those and a free report and that you
tell people your basic strategy I think that's fantastic why not download that
no obligation right absolutely totally free and we just want to educate people
we want to help you out that's we make it simple easy fast clean we want to
make it easy for traders easy fast and clean and I was gonna steal that from
you but you already got it so I got it's not really trading related it's
kind of just random yeah you know what though it is kind of trading related
because I like my screen to be clean okay not too many indicators and I like
my methodologies to be yeah easy and do I like to make money fast well right I
that's not necessarily the best way to the best mindset of trying to make money
fast but but you know if you could learn this fast if you can start to implement
your strategies in a relatively short period of time I think that's a
fantastic thing and Casey Stubbs calm and that that's more of a personal
website where people can get to know you and what you do for people yeah and so
if you're I know your your businesses for traders your channels for traders so
that the trading side would be easy fast clean get the report learn how to trade
if you're interested in trade and find it in financial business that's where
you you're Casey Stubb that talks about all my business activities in the
finance industry and people want to check that out as well
all right I've been speaking with mr. Casey Stubbs Casey Stubbs calm and all
the links will be below in the description area of this video click on
those links why not it's free and you could learn quite a bit and we've heard
some of your support and resistance levels for oil for gold and for bitcoins
so I'm gonna put this out as soon as possible so we can get that fresh
information to people Casey Stubbs thank you so much you had
me on your program and I finally got to repay you the favor
so you really have helped a lot of people and I know you're gonna continue
to do that thanks a lot Casey I appreciate it and
well we'll talk to you again soon I'm looking at the market Thanks thank you
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