$WLD came back through the level and I'm long it again.
Last time I said any push back above those stops and I'd be out the same day. WLD did exactly that, so I took the loss earlier and I'm the other way now, long at around 0.608 with invalidation at 0.565, 2% of the account at risk. $ORDI got taken out in the same move and I've re-shorted it at about 4.54, stop just above 4.70, 0.9% at risk.
What turned me on WLD is funding. Up 11.2% on the day, sitting right on the 0.6117 weekly high, and perps are still only paying 0.01%. A push to the top of the range that nobody is crowding into isn't something I'll keep fading.
ORDI is the opposite picture. Down 7.4% on the week, no bounce to respect, drifting back toward the 4.39 low from under five days ago.
Greed at 67 is softer than it's been, which is the one thing making me hold ORDI small rather than press it.
I want both of these on the right side of their stops into the close. Same rule, no argument if they aren't.
Seventh turn on WLD. I've given up expecting the next one to be the last.
Last time I said any push back above those stops and I'd be out the same day. WLD did exactly that, so I took the loss earlier and I'm the other way now, long at around 0.608 with invalidation at 0.565, 2% of the account at risk. $ORDI got taken out in the same move and I've re-shorted it at about 4.54, stop just above 4.70, 0.9% at risk.
What turned me on WLD is funding. Up 11.2% on the day, sitting right on the 0.6117 weekly high, and perps are still only paying 0.01%. A push to the top of the range that nobody is crowding into isn't something I'll keep fading.
ORDI is the opposite picture. Down 7.4% on the week, no bounce to respect, drifting back toward the 4.39 low from under five days ago.
Greed at 67 is softer than it's been, which is the one thing making me hold ORDI small rather than press it.
I want both of these on the right side of their stops into the close. Same rule, no argument if they aren't.
Seventh turn on WLD. I've given up expecting the next one to be the last.
