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11/28/2018 Market Recap

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Cobra
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11/28/2018 Market Recap

Post by Cobra »

Very good follow through today, so 60% chances the low was in? The year end rally has started?
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Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/28/2018 Market Recap

Post by Cobra »

SUMMARY:

Half day uptrend day but it should be easy to trade.

NOTE:

By here it looked like a boring range day (viewtopic.php?f=2&t=3189&p=262013#p262013). I actually thought it'd be a downtrend day.

Something happened here (viewtopic.php?f=2&t=3189&p=262028#p262028). I did nothing, I waited for the dust to clear first.

I missed this buy because I was at lunch.
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It's the 2nd chance to buy today around EMA20 (viewtopic.php?f=2&t=3189&p=262064#p262064).

The close was very strong so good sign for tomorrow.
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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.

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