10/31/2018 Market Recap

[Cobra]

Very disappointing close but let's see tomorrow before panic as still bulls showed a little better strength this time (comparing the tinted area, bulls advanced more this time for only 2 trading days).

[Cobra]

SUMMARY:

Despite the open looked like an uptrend day I was unable to confirm so. I didn't see the sell off near the close, so In the end, it turned out it's just a range day and therefore all of sudden the none confirmation earlier started to make sense.

NOTE:

By here it looked like an uptrend day (viewtopic.php?f=2&t=3147&p=260749#p260749), with one last test left - the pullback must be bought as soon as possible.

By here I believed the trend was up (viewtopic.php?f=2&t=3147&p=260773#p260773). Still couldn't confirm an uptrend day though.

Breakout as expected, I was sure the trend was up (viewtopic.php?f=2&t=3147&p=260777#p260777).

I didn't see the sell off near the close. In the end it's just a range day therefore the "unable to confirm uptrend day" earlier suddenly made prefect sense.

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.