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07/13/2018 Market Recap

07/13/2018 Market Recap

Postby Cobra » Fri Jul 13, 2018 4:27 pm

The same: Valid Cup with Handle breakout or not, wait and see. Market is waiting for the ER results which are said to be very very good, so hopefully the expectation is not too high.
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Re: 07/13/2018 Market Recap

Postby Cobra » Fri Jul 13, 2018 4:36 pm

SUMMARY:

Range day, no trade.


NOTE:

I actually thought it's a range day at open, the reason I mentioned only here (viewtopic.php?f=2&t=2970&p=256864#p256864) was I finally made sure it's not a down and down day.

In the end it was a range day, just it had 2 different ranges so it's actually not the same range day I called in the morning. By 1pm, I even drew a horizontal blue line thought another test would mean breakout. Unfortunately bulls failed to come back to test the line again...
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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.

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