Back to www.cobrasmarketview.com

   

10/16/2018 Market Recap

10/16/2018 Market Recap

Postby Cobra » Tue Oct 16, 2018 4:53 pm

The rebound may still have some rooms.
Attachments
spy.png

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.
User avatar
Cobra
Site Admin
 
Posts: 41237
Joined: Sat Feb 12, 2011 10:29 pm

Re: 10/16/2018 Market Recap

Postby Cobra » Tue Oct 16, 2018 5:01 pm

SUMMARY:

Identified uptrend day at "should be" time, the rest of the day then was easy.


NOTE:

Explained here how I'd judge uptrend day or range day (viewtopic.php?f=2&t=3123&p=260037#p260037). No follow up about my judgement is because I don't want people to follow therefore lose money if I'm wrong. So probably will always have no follow up...

Kept saying the pullback should be bought was just to ask people to click my site (viewtopic.php?f=2&t=3123&p=260052#p260052) and (viewtopic.php?f=2&t=3123&p=260054#p260054) and (viewtopic.php?f=2&t=3123&p=260056#p260056). Those who missed the morning entry, those pullbacks were good chances to be in.

I kind of worried about double top here (viewtopic.php?f=2&t=3123&p=260059#p260059) because bulls might be scared to hold position overnight. The chances of double top faded quickly so it's not difficult to hold over this.

In the end, not a bad close.
2.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.

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.
User avatar
Cobra
Site Admin
 
Posts: 41237
Joined: Sat Feb 12, 2011 10:29 pm


Return to Traders Lounge

Who is online

Users browsing this forum: Cobra, Google [Bot] and 29 guests