This is infinitely more value than any technical breakdown I could ever provide.
This is how you upgrade your thinking.
@MRKT_AI brand new interest rate tracker (no changes expected anytime soon) vs 2s & 10s.
WTI casually at $105.
Historic U.S. equity rally to fresh ATHs... with arguably worse (at minimum, mixed) fundamentals than when oil was sub-$80.
What is the market discounting?
Energy volatility = short-term. Normalization ahead.
This is poker with everyone's cards face-up. Positioning is obvious. The max pain lever is obvious.
Personal view: Knife's edge. Continued fractures between energy, yields & equities = the best trading environment many of us will have ever seen.
There are a few things about your edges that need to be said. I often need to remind myself of this, especially now, later in my trading after becoming a bit more risk averse and conservative.
When you know what your edge is, and know when it is actually present, you need to make sure you do not reflexively trade away the upside just to make the path more comfortable. You gotta be willing to sit in the trades and avoiding either clipping some or closing too early.
This either means:
Cutting good trades too early because the first push paid.
Flattening when the effect you are trading is still present.
Treating all trades the same size even when some have way better confirmation
Not pressing when the market is clearly rewarding the exact thing you are good at
Over-managing trades to avoid emotional discomfort.
Let the trade work, you are already accepting variance by placing it, don't meddle too much.
@ImreSG So if price breaks out that wall of sell orders, when will we have the trigger to enter or at which part of the composite profile is it a valid break out?