SUMMARY:
Typical downtrend day with later day sharp reversal up. I wasn't even sure it was a downtrend day until very late, nor sure whether the later day rebound was the sharp reversal up until very late.
NOTE:
This was where I'd decide whether the day was a downtrend day or a range day (
viewtopic.php?f=2&t=3162&p=261151#p261151).
Sadly, it made a breakdown but also rebounded, so very hard to call.
Even by here (
viewtopic.php?f=2&t=3162&p=261157#p261157) I wasn't sure whether it's a downtrend day or not.
Just a reminder that I didn't see the reversal yet (
viewtopic.php?f=2&t=3162&p=261167#p261167), no buy.
The rebound looked many times would have a revisit of the low so I kept quiet but eventually I realized perhaps there'd be no revisit this time (
viewtopic.php?f=2&t=3162&p=261171#p261171).
I don't know what to say about the close which just enough to make the call for the next move difficult, well, as usual.
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.