CPI day is not a day to chase. Here is how I trade it. 📚
First, I do not enter a full size position before 18:30 PKT, because a print can move Bitcoin 5 percent in minutes and stop out both sides. Second, I mark the levels before the print, 75,600 dollars above and 73,510 dollars below, and I only trade a break that holds for 30 minutes, not the first spike. 💡 Third, I cut my usual size in half on event days and I keep a hard stop, because a hot print can push Bitcoin toward 70,000 dollars fast. Fourth, I wait for Fed Governor Waller's words after the print before adding size. My reading is that CPI days reward patience more than courage, and the traders who survive them are the ones who let the market show its hand first.
Do you trade the CPI print itself, or wait for the move after it? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketUpdate
First, I do not enter a full size position before 18:30 PKT, because a print can move Bitcoin 5 percent in minutes and stop out both sides. Second, I mark the levels before the print, 75,600 dollars above and 73,510 dollars below, and I only trade a break that holds for 30 minutes, not the first spike. 💡 Third, I cut my usual size in half on event days and I keep a hard stop, because a hot print can push Bitcoin toward 70,000 dollars fast. Fourth, I wait for Fed Governor Waller's words after the print before adding size. My reading is that CPI days reward patience more than courage, and the traders who survive them are the ones who let the market show its hand first.
Do you trade the CPI print itself, or wait for the move after it? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketUpdate
