It's a Range

2 בפבר׳ 2020

On Deribit, scalping both ways. Long swap/June, Short March. Ideal case is build a respectable March short to capture the premium and ride long swap with Deribit's sensible funding mechanics. I use June as a way to add directional bias into my trades without changing entry prices for swap/March. I also use Bybit's USD traded alts to capture 'small' movements when BTC hasn't decided on a direction. EOSUSD is unpredictable but yields much higher volatility, XRPUSD is a sensible pair to trade for scalping. I do not like ETHUSD because its volatility can't keep up with XRP or EOS intraday.

9200-9399 with nasty stop runs out confirmed. On derivatives exchanges, keep in mind of the 1% reversal rule. There is also entering positions 1% out of the range.

Additional pics for confluence:






With increased interest comes more money/participants, orderbooks get thicker, and volatility will start to get a little low. Ideal for alt scalps.

3 בפבר׳ 2020

הערה

Much range. For my personal rules, midpoint in a range is ideal for reducing/closing position or hedging, never opening.

On the contrary, midpoint in an uptrend/downtrend (halfway retrace) is ideal to open a 'safer' position to ride the trend or close an underwater position.

3 בפבר׳ 2020

הערה

3 בפבר׳ 2020

הערה

Next time write notes in text so it will be easier to journal

3 בפבר׳ 2020

הערה

Entered short on .5, invalidated/stop at 9450 squiggly line.