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09/10/2018 Market Recap

09/10/2018 Market Recap

Postby Cobra » Mon Sep 10, 2018 5:09 pm

Still could be Bull Flag, at least I don't see big bears yet.
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Re: 09/10/2018 Market Recap

Postby Cobra » Mon Sep 10, 2018 5:20 pm

SUMMARY:

A little aggressive today but too bad, wrong and wrong and finally right but no trading value so still in a range day, better stay silent.


NOTE:

Called low was in here the first time (viewtopic.php?f=2&t=3059&p=258780#p258780). In the past, I should have very good chances to be right.

Called low was in again here (viewtopic.php?f=2&t=3059&p=258796#p258796). Also in the past I should have very good chances to be right.

Called low was in the 3rd time (viewtopic.php?f=2&t=3059&p=258821#p258821). I was confident this time actually because the pattern really looked good. It wasn't up much thereafter so not a profitable call I think.

The close, well, no comments. The rebound today was weak but it didn't say anything as I saw way too many cases the rebounded started weak but gaining more and more strength along the way as more and more people are convinced.
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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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