✈️ Friday Flight Log – 8 November 2024

ICYMI: THE TRADE TRAVEL CHILL WEEKLY RECAP

Election? ✅  FOMC? ✅ BTC finally breaking its ATH? ✅ It’s been a wild week, and for many of the newer traders among us, this is our first real taste of what trading the parabolic stage of the market feels like. And if the election was pretty one-sided, so was Bitcoin’s trajectory — straight up! 🚀 We’re now cruising at altitude, enjoying the view above the clouds of Bitcoin’s ATH. Let’s dive into this big week for the markets and the world, and see what went down.

TRADE

👩‍✈️ FROM THE FLIGHT DECK

Speaking of things going sky-high, Annii reminded us to study her parabolic phase strategy ASAP – it seems we’re going to need it soon. 

She also hopped onto a rare live stream to celebrate Bitcoin’s ATH, where she broke down the current bullish momentum and possible altcoin plays. Her words of wisdom:

We’re not just going to go up in a straight line; there will be an opportunity to get in. Let the Market Makers play their games. Wait for the market structure to change, and then you can get involved. 

 — Annii

And on her socials this week, she: 

• Celebrated Bitcoin’s all-time high with a post marking the milestone, and reflected on the resilience of crypto traders through all the various criseses (crises?? crisepi?🐙) of the last few years, thanks to Luna, Celsius, and FTX.
• Shared an educational breakdown of one of her awesome BTC day trades.
• Showed us that once a degen, always a degen, with this 16:1 RR WIF trade.
• Explained what to look for on the BTC.D, USDT.D, and OTHERS.D dominance charts, before getting too excited about altcoin pivots, here.
• In the Discord, she also shared this pretty amazing tip for the PB stage:

This is how the liquidations will start to change if we enter parabolic phase. Notice how we had a huge wick. In normal TBD we would suspect that to be an SVC and beginning of an M formation. But in para phase, they liquidate on very small pullbacks (look at OI) and then they keep going. When you see this, you switch to trading the parabolic strategy and you stop looking for reversal trades at all. — Annii

This is the second mention of Annii’s parabolic strategy, and I’m only on the first section of this recap. If you haven’t watched it yet, I’ve got nothing for you, head back to camp.

Inflight news ⚡

Cue the dramatic news theme music… Making headlines at TTC this week!

• Welcome NRJ to the Cabine Crew! Undoubtedly the biggest news of the week (yes, bigger than the election and Bitcoin’s ATH) is that total legend NRJ, has been lifted out of obscurity by Queen Annii herself and officially knighted as the newest TTC Cabin Crew member! 🥳 Obscurity’s loss is our gain, as we’ll be so lucky to have you helping us all become better traders NRJ. 🤩 At your earliest convenience please collect your crew badge and personalised carry-on luggage from Kingsman — and don’t don’t you dare forget us when you’re famous! 😭😜
  
• Bitunix Trading Contest Winners Announced! Congrats to our top 5 traders, who will be joining Annii in Dubai for 5 days this November, including a face-to-face session with Trade Travel Chill. Winners, are already finalizing travel plans, and THANK YOU to Bitunix for giving our community this incredible opportunity. 🥰
• The Saturday Scalp Study Session is back in Discord this week! Bring your scalp trades from this epic week to share with the community, and earn major brownie points from Katie!  Join us Saturday at 7:30 AM UK, 10:30 AM UAE, 5:30 PM SYD, or 2:30 AM NY for the US degens.

Weather Report 🌦️

It feels like there we had before November 5, and after November 5 — and everything before it is already a distant memory (was only three days ago??). So let’s focus on Jarrid’s take on where we stand now that the dust is settling post-election and the FOMC decision in the books:

• With Trump announced as the winner and Congress turning red, keep an eye out for a “buy the rumor, sell the news” effect. The DXY has surged, which isn’t great for global markets and is leading to credit stress. 😖 
• The Fed cut rates by 25bps yesterday, and markets are pricing in a more aggressive reduction ahead, with another similar cut probably on the cards in December. It looks like old mate Powell’s focus has shifted to labor market challenges, which suggests further easing into 2025.
• Jarrid pointed out that the yield curve is starting to un-invert. 🙃 I had no idea what that meant either, but it looks like we’re looking at a “bull steepener” ahead, where long-term rates are expected to drop faster than short-term onesand that typically signals economic trouble brewing. I adore financial jargon! 
• And dive deep into the myths of Gross Domestic Product and Why it Isn’t the Forecast Indicator It Seems. Jarrid’s latest blog is a fascinating look at lessons from economic history and you can read it here.

For more on these takes and what they mean for your portfolio, jump into the macro-econ chat, and stay tuned — there’s a lot more to come as we head towards the year-end!

🥂 FROM THE CAPITAL CLUB

This week in the Capital Club:

• Annii checked in about some cautious CoinM buys, and some spot purchases on APT, SUPER, TON, RENDER and more.
• SilverWolf spread the word that $DIONE protocol has migrated from Ethereum mainnet to its own Odyssey Chain mainnet and what that means for here.
• He also told the super interesting story of Arthur Hayes, Ferraris, Smoking Chicken Fish ($SCF), and a cool crypto history lesson about How the Bad Boy of Crypto Introduced Leverage Trading.
• Also, did you see that $SCF (Smoking Chicken Fish) pumped over 70% this week? Perfect time for a BBQ celebration – thank you for the kind invitation, Mr Wolf! 🤣 

The weather is getting nicer in Dubai — perfect for a barbecue. And when your barbecue coin is pumping like this, it tastes even better!

— SilverWolf

Florida Sunset

— SuziQZ, Capital Club Member

✈️ FROM THE MAIN CABIN

Cabin Crew Hangouts ✍️

This week, Spicy broke down trading V-formations on the 15-min timeframe and highlighted the dangers of ‘catching a falling knife’ if you’re not 100% sure of your level count. He also explained how hedge to protect your swing trades and schooled us on the difference between ‘three hits low/high’ and ‘three hits in a level’ which is pretty important because mixing them up means mixing up reversals and continuations, and no one wants that! Catch it all here.

The signature move of a three hits low or three hits high is that it must occur on major volume and in consecutive candles, and each candle has progressively higher volume with a stopping volume candle at the end. If the volume is completely lacking, it’s not three hits low/high, it’s just three hits in a level.

— CajunSpice

In Cody’s hangout, he reminded us that “Happy Days” are only happy if you know when to enter or avoid trades. In Part 1 of what is undoubtedly destined to become an 8-part mini-series, he took us through some in-depth back-testing of price action decision points. If you want to brush up on how to spot fake moves and traps, and use EMAs to identify entries, catch up on the recording here!

Humblebrags 💪

A special shoutout to riversmile for her 3rd month of consistent journaling and reflecting on trades. This kind of dedication will take you places!

And it’s next to impossible to highlight a trade this week with so many absolute legends posting their wins during the BTC rally, but here is one that definitely deserves a shout-out: from RyanO.

This one I’m proud of TBH. Everyone in discord was calling lower, but I trusted myself and my TA and held it through the uncertainty, with myself protected: 50% profit taken at ATH.

 — RyanO, Capital Club Member

TRAVEL

The Bali vibes are still vibing!  Did you see Annii shared this proud milestone? Earlier this year 5 TTC members joined her in an exclusive Bali property investment, securing early pricing and already seeing 8% capital appreciation! Wen TTC chillouts in Bali, fam??? 👀 Interested in Bali real estate? Fill out the EOI here. 

Community Travel Pic 📸

Congrats to Cabin Crew member MickP who has just this week fulfilled his dream of moving to Spain and becoming a full time trader after years at sea and doing FIFO work.  Life goals, right here.

 Madrid, Spain

 — MickP

CHILL

Mindset 💖

The lovely Marisol shared her gratitude for everything that Coach Cat brings to this community in a heartfelt post this week. Thank you for letting us get to know you a little better, Marisol! 🥰

These are my intention centers, and they bring me so much joy. Also included the original painting of my profile picture that my daughter painted… not necessarily for me but when I saw it I thought there is soooo much meaning to this painting and thus… Marisol was born

— Marisol

Coach Cat’s hangout focused on “Rebuilding Confidence After Multiple Stop-Outs, Part 2” — if you missed it, the replay is now available.

She also shared two insightful posts this week:

• Rebalance Your Emotional and Mental State of Being here.
• Tap Into That Winning Emotional and Mental State: Trade with Purpose, Not Pressure here.

Take a step back and remember why you started this journey. Trading isn’t about chasing every opportunity; it’s about finding the right ones that align with your strategy and goals.

— Coach Cat

Inflight Entertainment 📺

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

• An amazing interview with Dr. Doty on Mel Robbins’ podcast about Limited Beliefs, Manifestation, and Visualization, recommended by WildPony69. Watch here.
• If you’re interested in learning about PYTH, ClaireM recommends this good read.
• Sassykiwi 🥝🇬🇧 shared Raoul Pal’s latest interview here.
• And Jarrid dropped a list of his favorite YouTube channels and podcasts, and there goes all my free time! Link here.

☀️ ON THE HORIZON 

All times are listed in New York time. Access the full calendar here.

😆 MILE HIGH MEME 

IYKYK. Thanks for this one SilverWolf 😆

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Thank you 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 💙