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05/17/2018 Market Recap

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Cobra
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05/17/2018 Market Recap

Post by Cobra »

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Cobra
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Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/17/2018 Market Recap

Post by Cobra »

The day trade today.

The up, down then up moves today were surprising. Gladly I spent the whole day napping, I mean, watching.

Testing the yesterday's high here, at this stage, it's hard to say it's a range day or trend day (viewtopic.php?f=2&t=2881&p=254309#p254309). Key time.

The breakout was strong so thought it'd be easy trading day (viewtopic.php?f=2&t=2881&p=254311#p254311).

The pullback by here still didn't look bad (viewtopic.php?f=2&t=2881&p=254331#p254331). It's really hard to realize at this stage the morning push up was just a vacuum to the range high now the market is vacuum all the way down to the range low. My idea here still was to buy dip so waiting for a good setup.

The pullback was accelerated on the downside. At this stage I knew a rebound was due (viewtopic.php?f=2&t=2881&p=254356#p254356), but it's impossible to knew that the coming rebound was actually strong.

The rebound was much stronger than I thought (viewtopic.php?f=2&t=2881&p=254371#p254371). At this stage, I gave up on any attempt to trade the market. Overall, it's a range day, just very hard to get the range low and high.
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