06/14/2018 Market Recap

[Cobra]

[Cobra]

DISCLAIMER:

The trading log below 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.

SUMMARY:

Range day so no trade. The buy and sell zone worked this time but it's just a lucky guess so it's essential to make at least 2x each guess.


NOTE:

Divided the GUESSED range by 4 here (viewtopic.php?f=2&t=2925&p=255666#p255666).

Pull back from sell zone to buy zone (viewtopic.php?f=2&t=2925&p=255685#p255685).

If without the concept of range therefore buy zone and sell zone, by here, it's actually a buy setup, kind of this bull shall have legs.

And by here, really hard to say whether it's a buy because the pullback was stronger than the previous time (from 12 pm to 1 pm).

Anyway, indeed it was back to near sell zone again.