10/25/2018 Market Recap

[Cobra]

Officially up or down from here, 50 to 50, but I think bears might have a little better chances.

[Cobra]

SUMMARY:

Missed the most of the day's up because of a potential 3 push up pattern. When the pattern failed, I finally was convinced the trend was up, it's almost near over. So again be careful if the day is within the last day's range, the trend might weak.


NOTE:

Generally if it's an uptrend day, bulls should rebound here (viewtopic.php?f=2&t=3138&p=260481#p260481).

It didn't but it rebounded later, so still fit for an uptrend day, but guess it should be a weak one. I'll remember this.

I see 3 push up here (viewtopic.php?f=2&t=3138&p=260491#p260491). The target was just to confirm.

Always gives bulls more credit (viewtopic.php?f=2&t=3138&p=260496#p260496). It's from my experiences after being brainwashed for so many years by bulls.

By here it looked like a perfect 3 push up then lower low reversal (viewtopic.php?f=2&t=3138&p=260498#p260498).

Unfortunately bears failed. It's the last chances for bears here (viewtopic.php?f=2&t=3138&p=260502#p260502).

By here (viewtopic.php?f=2&t=3138&p=260506#p260506), I was finally convinced that today was up and up because I really felt the pressure to kill myself for missing the day's up by then.

I actually didn't think the trend line would stop the bulls (viewtopic.php?f=2&t=3138&p=260509#p260509).

Called the pullback would be bought right here (viewtopic.php?f=2&t=3138&p=260511#p260511), it's just too small. But at this stage I was still optimistic.

It's a wake up call - the mini target was exceeded. I finally woke up, well, a little late (viewtopic.php?f=2&t=3138&p=260516#p260516).

The pullback before the close might not mean anything. Bulls had a surprise strong rebound today, the profit should be good so unlikely are willing to bet more lucks tomorrow therefore bears owned the close today.

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.