04/18/2019 Market Recap

[Cobra]

Another filled black bar so pullback still is more likely.

[Cobra]

SUMMARY:

Called range low and more up right. Called breakout right but it's much weaker than I thought. Maybe trading breakout has not been a good idea no matter how good looking.

NOTE:

Called range day and range low here (viewtopic.php?f=2&t=3411&p=267587#p267587).

Called another leg up here (viewtopic.php?f=2&t=3411&p=267595#p267595).

Explained what I meant another leg up here (viewtopic.php?f=2&t=3411&p=267597#p267597).

The line has been tested many times, especially the consolidation below the line made me believe a breakout was more likely (viewtopic.php?f=2&t=3411&p=267601#p267601).

The breakout wasn't as strong as I expected but still it was a breakout.

Weak close but not enough to draw conclusion for how Monday would open.

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.