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11/09/2018 Market Recap

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Cobra
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11/09/2018 Market Recap

Post by Cobra »

It's normal to pullback from a resistance as long as the pullback is not sharp, so cannot say bulls failed yet.
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Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/09/2018 Market Recap

Post by Cobra »

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.
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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.
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