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09/11/2018 Market Recap

09/11/2018 Market Recap

Postby Cobra » Tue Sep 11, 2018 5:00 pm

Hopefully a follow through tomorrow, until then I remain skeptical.

spy.png

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Re: 09/11/2018 Market Recap

Postby Cobra » Tue Sep 11, 2018 5:14 pm

SUMMARY:

It's September 11 so with the patriotic rally in mind, it's not too difficult to call an uptrend day.


NOTE:

Today was actually easy to call uptrend day because of the pullback here (viewtopic.php?f=2&t=3061&p=258856#p258856).

The pullback was bought aggressively so it's clearly an uptrend day (viewtopic.php?f=2&t=3061&p=258864#p258864).

I honestly didn't expect the "dream" could come true this fast so I was a little too optimistic here (viewtopic.php?f=2&t=3061&p=258867#p258867).

It indeed was a bull flag (viewtopic.php?f=2&t=3061&p=258875#p258875), just the "bought" made only a lower high, not a perfect uptrend day.

In the end, a disappointing close for an uptrend day so up or down tomorrow hard to say...
1.png


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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