peculiar spot we're in. down 5-10% on the weekend with alts looking good (ada for example). funding has normalized at .01% on bitmex once again with open interest still at 950m. fx markets namely usdcnh market opens at 5pm with CME opening at 6pm est and the weekly close tonight. usdcnh looks primed to me (yuan dropping) which leads me thinking we are bullishly consolidating here. scam wick a few hours ago reminds me of a scam wick at the lower 9ks. leaning up however will cut early if we start to look like trash and might set orders for a short with a break down from this tight range if im watching. might be one of those ranges you make a breakout trade, would be funny to actually see a fakeout upwards and then dumping
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1.4R risk will let it run if we're running
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should note that a tighter stop i would usually put would be at 11334, just going to be in and out of watching it the rest of the day so the looser stop works for now. if we start closing hourly candles below there not sure if ill feel comfy holding this
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scam wick down got bought up so hoping to see more bullish action around 5/6 tonight, stop moved up to right under scam wick at 11249 not really messing with this volatility tho kinda wanna short on another contract and put stop at actual break out
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11388 close above good enough for me to go up if not will reconsider at 21:00utc
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looking like open real estate until middle 11.5s in the next half hour or so
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11,550 tagged
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I think we might see 11.8k before close if we’re trending like this
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I’d like to see at least 11580 or hourly closes over 11600 before close today to feel confident about open trades
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didn’t get weekly close even past 11600 so kinda feeling indifferent over the last hour or two, tempted to move stops into profit on this and the bch trade while sleeping but we’ll sre
Order cancelled:
closing this for the night so I can sleep will reassess in the morning. Really thought we’d move off the weekly open quickly which we did get a nice pop initially but rejected around 11600 which painted a bearish divergence on LTFs. Eyes on London/NY open in the morning
Trade closed manually:
Should be closed manually so^