David's Trading Notes
$ETH
October 6, 2026
I. Ethereum
The market is still mostly range-bound today. It’s been trading sideways in a range for nearly two weeks.
1. Intraday price is still fluctuating between 2636 and 2730. Don’t trade except at key levels. If you’re an M and want to trade recklessly, then pretend I never said that.
2. Long: watch 2690–2695; go long only after a bullish engulfing candle. Go long at 2666 if a bullish candle forms.
3. Short: keep an eye on 2742; go short if a bearish engulfing candle forms on the five-minute chart.
4. Once price breaks out, you can aggressively follow the move on a retest of either boundary. (Chart 2)
5. For a long-term long: watch 2581 and enter; place a limit order to enter on the left side at 2530, with a 1% stop loss. This is a long-term position, not an intraday trade. (Chart 3)
8. No signal, no trade.
II. U.S. stocks
Remarkable: U.S. stocks and Treasury bonds have both hit new highs. Will Treasury yields break above 6, or stay elevated and move sideways? I don’t know—we can only watch and wait. I see this as both a risk and an opportunity.
III. The psychology of trading
Two weeks of sideways movement can easily eat away at the profits made earlier. Stay patient and sit tight; don’t budge. Wait for a signal before getting back in. Don’t chase before a breakout, and don’t hesitate once the breakout happens.
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$ETH
October 6, 2026
I. Ethereum
The market is still mostly range-bound today. It’s been trading sideways in a range for nearly two weeks.
1. Intraday price is still fluctuating between 2636 and 2730. Don’t trade except at key levels. If you’re an M and want to trade recklessly, then pretend I never said that.
2. Long: watch 2690–2695; go long only after a bullish engulfing candle. Go long at 2666 if a bullish candle forms.
3. Short: keep an eye on 2742; go short if a bearish engulfing candle forms on the five-minute chart.
4. Once price breaks out, you can aggressively follow the move on a retest of either boundary. (Chart 2)
5. For a long-term long: watch 2581 and enter; place a limit order to enter on the left side at 2530, with a 1% stop loss. This is a long-term position, not an intraday trade. (Chart 3)
8. No signal, no trade.
II. U.S. stocks
Remarkable: U.S. stocks and Treasury bonds have both hit new highs. Will Treasury yields break above 6, or stay elevated and move sideways? I don’t know—we can only watch and wait. I see this as both a risk and an opportunity.
III. The psychology of trading
Two weeks of sideways movement can easily eat away at the profits made earlier. Stay patient and sit tight; don’t budge. Wait for a signal before getting back in. Don’t chase before a breakout, and don’t hesitate once the breakout happens.
#币安推出BinanceIntelligence
#Drift黑客受害者启动索赔