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05/07/2018 Market Recap

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Cobra
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05/07/2018 Market Recap

Post by Cobra »

No strong follow through so disappointing but bulls still have 50% chances, let's see tomorrow.
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Cobra
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Re: 05/07/2018 Market Recap (with note to myself)

Post by Cobra »

The day trade today.

I didn't see any pattern that told me up or down although the FEELING always was the bias was up (viewtopic.php?f=2&t=2863&p=253796#p253796).

I had a fever today so after 12 pm I went to sleep until 3 pm. I didn't know if I longed at where I said bias was up, would I be able to exit safely on the later day sell off? So sometimes being sick isn't really a bad thing.
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The open today looked very like an uptrend day but the up was too slow thereafter so it's actually should be a range day, maybe it should be the reason to exit flat today? The pullback was due to test the previous high, so maybe it's another reason to exit? I did see the testing but I really didn't think it'd be a problem, the resistance usually doesn't work when you wish it works and vice versa.
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