✈ Friday Flight Log – 30 August 2024

ICYMI: The Trade Travel Chill Weekly Recap

After two weeks of consolidation in anticipation of Powell’s speech at Jackson Hole, we FINALLY taxied to the runway and took off out of the retail triangle… only to fall straight back through! It’s like we packed our bags for Bali but ended up circling back to the gate. Let’s hope next week the MM actually takes us somewhere. Until then, enjoy your weekend, don’t forget to touch the grass, and enjoy this look back at the week that was.

💸 TRADE

👩‍✈️ From the Flight Deck

Captain’s Log ✍

Did you catch all of Annii’s TA this week? Let’s check!

• Last week’s move up on daily timeframe after Powell’s speech didn’t bring increased volume, and Annii was right about it possibly being a false move to trap longs into the weekend.
• On Sunday, Annii identified a Trapping Volume Formation and said if trapped traders remain trapped, price should head down. ⏬
• And… Bitcoin dropped about $4,000 in the first part of the week, giving everyone quite a scare, and recovering all of the upside we built on Friday.
• In her mid-week update, Annii explained that the absence of a significant news event meant the drop was simply an MM leverage wipe out.
• Annii shared her top strategies for trading the Asia to UK market sessions, perfect for folks looking to avoid the volatility of the US market (or who prefer sleep to trading at that time😴)

 

What a delicious trade setup, and all you needed to do was watch my video on YT yesterday to get it! (And like and comment for extra good luck lmao) In the end this was about a 7:1 RR, and you’d be out before the deadline! This is an example of a really good day 🙂

— Annii

⚡ Inflight News

Making headlines this week …

• ✨CONGRATULATIONS✨ to Annii on reaching 45,000 YouTube subscribers! Building a following takes an enormous amount of hard work, and we see how much effort she puts in to create value for the community each and every week. Next stop 100K! (Also for Bitcoin, please and thank you.)
• The August Invest by Design Altcoin Report is out! These reports are an exclusive perk for Private Jet and Capital Club members and contain a huge amount of alpha on the fundamentals and price analysis of promising Altcoins.
• With this week’s price correction, a bunch of altcoins have come into range of Annii and Silver Wolf’s entry targets, so make sure you catch up on the investment updates in anniis-updates and silverwolfbtc-updates channel in Capital Club.

 

If you are confused if it’s an M or W, look at the shape of the candles are each peak. Wicks at the top of the candles suggest weakness from buyers, strength from sellers. Today, the peaks at the ILOD did not have wicks, meaning the buyers were not all that strong.

— Annii

🌦️Weather Report

Macro-Econ 📈

• This week, Jarrid delved into the volatile world of precious metals, energy and agriculture with his latest blog post, Navigating the Current Landscape of Commodities: A Market in Flux.
• He also kept us across all the news events this week, including the NVDA earnings update and its impact on markets, which you can read in full right here.
• Make it a daily habit to swing past the macro-economic-chat to catch the latest insights.

 

Overall, NVDA earnings sentiment is bearish for stocks and possibly crypto.

— Jarrid J

Financial Astro 🔮

• There is bearish astro from Aug 27 to Sept 6, so be cautious. Sept 1 is looking unpredictable, so expect dramatic breakdowns or breakouts. Things should be a bit clearer after that, until the Sept 17 eclipse, which coincides with FOMC and the potential Fed rate cut on Sept 18. Catch Annii’s full astro update here.
• And shoutout to @kellieie827 for her regular updates in the astro-ta channel. The TBD method is king, but it’s great to keep an eye on what the Astro experts are saying.

 

✈️ Cabin Crew Reports

Method Deep Dives 🤿

• If you need a refresher on how levels correlate across timeframes, Cajun’s hangout this week focused on how important this is to avoid getting caught in false signals. He also discussed hedging at key levels, particularly to manage risk and maximize potential gains during retraces and resets on lower time frames.

 

It is crucial that you remember that the levels feed up in time frames, not down in time frames. So if you’re in a potentially conflicting situation where you have a very clear one-hour timeframe in play, the count on the 15 minutes time frame takes precedence.

— Cajun Spice

• And Cody was back to sort out what is and isn’t part of Fake Move Week Beginning (spoiler: it’s both the spike out of the weekend, and the day trade out of it), covered the pros and cons of hedging, and went over the week’s PA, including how Annii’s strategies for Asia to UK played out. Catch up here.

 

Hedging is a bit of a trap at the start of your trading career. It feels good at the beginning, but the problem is it stops you from developing your trading skills and becoming good at identifying what’s happening. You end up getting lazy and take a hedge everywhere, and you don’t wait for quality trades. Then you end up just getting stopped out in both trades, and price does whatever it wants to do. The TLDR is hedging is great, but it needs to be at the right spot in the model, which is at peak formations. Otherwise, it’s just too risky, not only monetarily but in developing your skills as a trader.

— Cody Selby

SilverWolf Alpha 🐺

SilverWolf kept it real this week with How to Conquer Emotions While Trading – Part 2. He digs into the psychology of smart money, debunking the myth of easy trades and highlighting why timing, and mental state can make or break your success. And he’s not shy about challenging the concept of paper trading too. 👀

As well as all the investment updates in his channel (including $FET, $JUP, $ADA, $TON and $AVAX) Mr Wolf also provided detailed reports on:

• Staking platform Lido DAO ($LDO),
• Open cloud computing platform AKASH ($AKT)
• And play-to earn gaming ecosystem Beam ($BEAM) — available on the TTC website.

 

Scoop up all the alpha here!

Price pumps around a support and dumps around a resistance. That’s why your entry should be perfectly timed, neither too eager nor too lethargic.

— Silver Wolf BTC

Humblebrags 💪

Can we just take a moment and acknowledge these three legends?

They have been sharing their daily altcoin charting every single day in the weekly-setup-charts channel, and I couldn’t put it any better than Adam does right here:

@riversmile @Daniel @NRJ Wanted to drop a note of gratitude to you 3 traders. Taking the time to review each of your daily analysis has been massive for me, so thank you. As a rookie TA learner… coming to this channel to review each of your perspectives on each token’s analysis, does have me picking up counts or validation of levels nearly every time, though using more experienced interpretation of TBD method & PA is accelerating my learning curve. I appreciate you and while I’m sure it’s not the reason you post every day, I’m reading and considering your efforts.

— Adam_TheGhostWhoWalks, Capital Club Member

Pro Trades 📈

• Casper shared her hedge setup on SOL this week. Read the details of her trade here.
• Why do people hate on XRP? Can someone please @ me in the chat and explain the lore? 😅

 

Everybody hates XRP, but it really is the easiest trade in the world and even the worst trader could trade this… Long at 40c, Short at 70c. 60-65% move each time lmao. NFA 😜

— Annii

I’ve definitely cracked it: I’ve consistently kept my trading journal for the past 25 trades. Wins and losses have been more or less balanced since the beginning of August. (Increasing self-reflection is my key focus/skill here.) I know the path I’ve taken to get here – it took two years to overcome my resistance to journaling my trades in this exact way, so this is a huge success for me. Thanks for the amazing Trading Challenge, Annii – it is a great support for me to get to this point.”

— Riversmile, Capital Club Member

TRAVEL

Annii is still in Bali 🤩 and CoinFest Asia looks like it was one hell of a party!

Community Travel Pics 📸

Scouse Nat, thank you for sharing your gorgeous photos of Singapore! It was hard to choose the best, so check them all out here if you need some inspiration.

CHILL

💖Mindset

• TTC is such a uniquely supportive community. If you missed it, have a read through this discussion about burnout and how the Annii and the Cabin Crew avoid it. And thanks to Daniel for raising this issue which so many of us relate to!
• Don’t miss SilverWolf’s blog series about How to Conquer Emotions While Trading – Part 1 and Part 2.
• And put a reminder in your calendar for Coach Cat’s next mindset session, Friday 6 September.

 

It doesn’t matter where I travel, I can’t get the image of Cape Town out of my mind.

— Annii

📺 Inflight Entertainment

As always, here are some suggestions to keep you from missing the charts too much this weekend!

• If you want to see Annii clap back at some total morons on Twitter (and really, who doesn’t want to see that?) jump in here.
• I’m going to start watching Eat the Rich: The GameStop Saga this weekend. I think its on Netflix. Please share your favourite trading/finance/crypto movies or docs in the members chat, so I know what to watch next!
• And of course, there is always a good read to be found over on the TTC Blogs.

 

☀️ Event Horizon

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

😆 Meme Of The Week

Kevin is an ICON and you can’t change my mind.