✈️ Friday Flight Log – 13 September 2024

ICYMI: THE TRADE TRAVEL CHILL WEEKLY RECAP

Welcome to another Friday Flight Log! It’s Friday the 13th, and whether you’re superstitious or not, it’s the perfect time to check in on everything Annii and the crew have been up to — no black cats or broken mirrors, I promise!

TRADE

👩‍✈️ FROM THE FLIGHT DECK

Captain’s Log ✍

Did you catch all of Annii’s technical analysis this week? Here’s a recap. 

  • Her latest BTC update is up, with the Daily timeframe at a critical level heading into the weekend.
  • On the weekend, she posted this important analysis comparing the current price action with the big drop that happened in early August related to Yen carry trades.
  • She followed it up Sunday with an urgent YouTube update, highlighting the potential for further unwinding of positions before the Bank of Japan’s rate decision. 
  • Mid-week she covered BTC and the Bitcoin dominance charts, as well as the TradFi old-boys, DXY, YEN, the S&P and NASDAQ. She explained why she has no strong bias either long or short, with the market in limbo ahead of big news events. 
  • And yesterday she shared her latest investment update on why she’s not making any immediate changes, keeping her existing limit orders where they are, and holding on to dry powder for now.
  • While she’s personally staying on the sidelines, for those looking for altcoin entries, Annii posted detailed charting for coins closing in on promising buy zones.

Overall, it was a bit of a frustrating week on the charts for many of us, and so I really loved this advice…

If you’re finding yourself chart watching, try stepping away and do some study instead. If you’re in good trades and profits are protected, there’s no reason to watch every candle.
Annii

Inflight News ⚡

Making headlines at TTC this week:

  • The TTC website migration is now live and fully operational! Huge thanks to Kingsman, Royce, and the team for their hard work. More details here.
  • Are you missing out on the TTC Trade Alerts? Here’s a reminder on how to access.
  • And… Annii is back with new short-form content on TikTok! Like, follow and comment to show your support!

 

Weather Report 🌦️

Macro
Jarrid’s new blog, Understanding the Upcoming Federal Reserve Rate Cuts: Key Considerations and Market Impact, is a must-read for anyone watching how next week’s FOMC meeting may influence the markets. He’s also been busy back-testing to compare Gold vs. BTC and you can dive into his analysis here.

Astro
Annii ‘s been looking ahead at next week’s lunar eclipse, and how the astro is lining up with the FOMC news event. Get the full analysis here. Meanwhile, Wednesday’s post from Crypto Damus gives a heads-up on what might be in store with next week’s eclipse, and the outlook is not great for the bulls. ♉

Based on Damus’ take on the upcoming astro plus using the TBD Method, it seems there’s a strong case for BTC to experience another one or two 1 hour rise levels by the end of the weekend. This would be followed by a 4 hour timeframe retrace before forming an M pattern that leads to drop level 3 on the 4H within the next 1-2 weeks, heading into the end of September.
— Jarrid J

Community Travel Pic 📸

Birthday weekend away in Edinburgh 🥳 Absolutely love it here.
— JB, Capital Club Member

✈️ FROM THE MAIN CABIN

Cabin Crew Hangouts ✍️

In Cajun’s hangout this week, he covered candle patterns in detail and how to use them to recognize valid entry and exit points. He also went through staggered entries, partial take profits, and managing trades across timeframes to minimise risk and maximise potential gains. He also shared some fantastic tips on maintaining a trading journal.

I’m not in the business of bending the rules. I’ve saved myself a gazillion times by following them.
CajunSpice

Cody’s session covered the week’s top entries and how to identify them using various strategies, including the Asia-UK strategy, the Ribbon at session opens, and the RSI/VWAP scalp strategy. He demo’d setting alerts to nail the timing of entries. This format for the Friday Hangout has been working well, so Cody’s going to keep at it!

The feedback from you guys is that this recap format has been quite helpful, so this is the ongoing format I’m going to run with for Fridays. If you guys have anything else that you want me to cover, just tag me beforehand so I can make the lessons as good as possible.
— Cody Selby

SilverWolf Alpha 🐺

This week, SilverWolf has been busy cooking up:

  • Part 3 of his series on How to Conquer Emotions While Trading. And how we are often our own worst enemies when it comes to caving to due to fear or external influences. This has been a great series SilverWolf, thank you! 
  • Altcoin reviews of Injective Protocol ($INJ) and KASPA ($KAS).
  • Real-time TA on Bitcoin, Dione Protocol, NEAR Protocol, Binance Coin, Axie Infinity, and DXY which you can help yourself to the silverwolfbtc-updates channel.
  • He also made waves with a nice long position on BNB, earning a 209% profit after retesting support. See the full details of this trade here.

The price did follow your plan, but you didn’t.
— SilverWolfBTC

Humblebrags 💪

Shout out to @MAC_D for sharing this superb insight based on his learning experience and how long it took him you to read candles the way he does now.

The method, candlestick patterns and all that I’d say took me a year and a half. It was after 1 year and three months or so that I challenged myself to turn $100 into $10k. That was a milestone for me. Turning point. Struggled after that a bit but back on track. Set goals for yourself because it’s the only way to measure success. Small ones at first. Them grow. This takes time. Quit 3 times. Stuck with it. Also, know when you have a losing trade, It’s just as easy to win as it is to loose. Journal your entries and why you entered. If You stick with it and you’ll make it back. I promise. Trust yourself and the method. It works. 🙌
— MAC_D, Capital Club Member

And thank you @Vix for sharing how you managed these post-news quick scalps! A 5.5:1 trade in just 3 hours using Annii’s Asia-down-US-up pattern 🔥. Read all about it here.

TRAVEL

Annii shared her recent unforgettable stay at the JW Marriott Marmara in Istanbul. Check out the highlights on her Instagram.

CHILL

Mindset 💖

Coach Cat has shared so much knowledge and resources this week. Be sure not to miss any of this!

 

Dear Coach Cat. I just wanted to write to you and let you know that I was finally successful. After now 7 months of hard work, learning and dedication I finally took that one wonderful trade, based on all my entry and exit criteria, the TBD system, and all the other little information pieces. The trade went just as it should, and I feel so relaxed now. No matter what happens from now on, losing or winning, I know I learned a method that works.
— Sandra, Capital Club Member

Inflight Entertainment 📺

  • Jarrid recommends giving economist David Levenson a follow: “I’ve never met someone who is so educated and dialed in on the actual mechanics of markets, this guy is next level IMO.”
  • Financial astrology fans will want to catch up with Crypto Damus, Margo Amala, Ioannis Achilleus and Marsilio Musing, who shared their insights in this recorded discussion.
  • Michael Saylor appeared on CNBC this week, blowing people’s minds with his prediction that Bitcoin could reach $13M by 2045. Watch here.
  • The Confessions of a Market Maker podcast comes up in the chat a lot, and was recommended again this week by @MonkeyDoDev, so that is my signal to add it to my regular pod rotation.

 

☀️ ON THE HORIZON 

Please note, all times are listed in New York time. Access the full calendar here.

😆 MILE-HIGH MEMES

 


This was my 10th Friday Flight Log, so that’s a thing that happened! 🥳 Thanks for reading. I appreciate the support and feedback, and love to hear ideas about how to make this recap the best it can be. Comment below or send me a DM if you have thoughts!
— Caitlin 💙 

One Response

  1. These weekly recaps just rock and add value, so thanks a lot for taking the time putting them together. Especially when you are busy with a day-to-day job and thus have to recap from time to time its so great going back and having these management summaries with links on where we can go deeper, which are the hangouts one wants to look next and so on. So big thank you, Inky