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06/26/2018 Market Recap
06/26/2018 Market Recap
Doji means indecision so up or down tomorrow 50 to 50, we'll have to wait and see. Bulls haven't had 2 consecutive up days for awhile though.
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Re: 06/26/2018 Market Recap
SUMMARY:
The feeling was up today which was correct (not counting the close). Reason was the yesterday's rebound before close was the 1st leg up which was strong enough for a 2nd leg up today.
NOTE:
3 long lower shadows then a not bad bull signal bar at ema20 so worth betting long here (viewtopic.php?f=2&t=2944&p=256173#p256173).
It wasn't wrong calling the pullback would be bought again here (viewtopic.php?f=2&t=2944&p=256198#p256198). It was just good for a scalp though. So not a wrong calling but the actual trade was a different story. Predict the market right doesn't mean trade would be profitable.
The close was hard to call, by here it didn't look too bad for bulls yet. Glad I didn't blah blah during this period, otherwise should be a few wrong calls.
It's a surprise, no follow through after the big bull bar, the market closed weak.
DISCLAIMER:
The trading log below is meant for myself only which main purpose is to help improving my market sense.
The feeling was up today which was correct (not counting the close). Reason was the yesterday's rebound before close was the 1st leg up which was strong enough for a 2nd leg up today.
NOTE:
3 long lower shadows then a not bad bull signal bar at ema20 so worth betting long here (viewtopic.php?f=2&t=2944&p=256173#p256173).
It wasn't wrong calling the pullback would be bought again here (viewtopic.php?f=2&t=2944&p=256198#p256198). It was just good for a scalp though. So not a wrong calling but the actual trade was a different story. Predict the market right doesn't mean trade would be profitable.
The close was hard to call, by here it didn't look too bad for bulls yet. Glad I didn't blah blah during this period, otherwise should be a few wrong calls.
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.
Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.