10/22/2018 Market Recap

[Cobra]

Should be a rebound either tomorrow or the day after tomorrow, then we'll see.

[Cobra]

SUMMARY:

Range day, called the low right and then too bored to comment.


NOTE:

Called the low was in here which should not only be today's low, we'll know tomorrow (viewtopic.php?f=2&t=3132&p=260276#p260276). It's my favorite bottom pattern, by the way.

Didn't want people get excited on bulls, after all, bears ruled most of the days recently, so tried to cool people head here by calling range day (viewtopic.php?f=2&t=3132&p=260277#p260277).

I planed to comment on arrow green, saying the low was confirmed in, but the rebound was so weak not worth buying so decided not to say anything. It indeed was a range day. No conclusion drawn from the close. I'm actually happy today was down. Hopefully another down day tomorrow to get the market a little extreme...

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.