08/29/2018 Market Recap

[Cobra]

Black bar followed by a strong bull bar, it was a top in the previous 2 cases. Let's see whether it's the 3rd time's charm this time.

[Cobra]

SUMMARY:

Expected a down and range day so was reluctant to admit the uptrend until 11 am. The rest of the day should then be easy.


NOTE:

Had to admit it's an uptrend day here (viewtopic.php?f=2&t=3043&p=258450#p258450), although I was still too proud to write the "uptrend day" out. It was actually clear 5 bars (30 minutes) ago, I just couldn't believe so.

Really didn't expect the day could up this much (viewtopic.php?f=2&t=3043&p=258456#p258456).

Called C&H right here (viewtopic.php?f=2&t=3043&p=258469#p258469).

Not a perfect close though. Tomorrow more likely should be up at least an intraday new high. But should tomorrow is red, beware the previous 2 top cases (see the very first post of this recap).

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.