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09/25/2018 Market Recap

09/25/2018 Market Recap

Postby Cobra » Tue Sep 25, 2018 4:41 pm

I guess the pullback isn't over yet.
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Re: 09/25/2018 Market Recap

Postby Cobra » Tue Sep 25, 2018 4:54 pm

SUMMARY:

Range day, all are nothing but guesses, based on the assumption that every break attempts will fail.


NOTE:

By here the range was obvious (viewtopic.php?f=2&t=3089&p=259196#p259196). I don't generally short, so would have to wait for it to drop near the range low.

If you read the SUMMARY, now should be easy to understand why I said "rebound all the way to the range high" here (viewtopic.php?f=2&t=3089&p=259206#p259206). No high tech required.

Unfortunately it's not a rebound all the way, but no complain, trading range day is nothing but guess. The double bottom formed near the close might mean a gap up tomorrow morning. Let's see.
1.png


DISCLAIMER:

The trading log above is meant for myself only which main purpose is to help improving my market sense.

    My blah blah about how the market would go in the next dozens of minutes everyday in this forum, is a way to force me to focus on the market, because by speaking loud, if the prediction is wrong, I'd be embarrassed, which of course I'd like to avoid as much as possible.
    Day trading is not my strongest point. Just for the same pattern, it can repeat frequently on the 5 min chart while on daily chart it may take months to appear once and another month to know whether the idea of trading such a pattern is right or wrong THIS time, so practicing on the 5 min chart is a fastest way to learn to trade.
    Day trading inevitably would have good days and bad days, it's a part of the game. If I always have good days, it means I'm either lying or already the richest person in the world (then why I'm still trading?), so please don't blame me for making any bad calls. The log is for myself only, not meant to be followed.

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