12/26/2018 Market Recap

[Cobra]

Officially it's follow through wanted but considering the seasonality that favors bulls so maybe the rebound can last until Dec 28 at least? By the way the call on Dec 24 of "lower low ahead" was fulfilled today, it's not wrong call, just might difficult to trade.

[Cobra]

SUMMARY:

Very careful today, so called up then after more evidences, called more up, then after more evidences called more up, then after... Instead in the past, I'd call the low was in then kept quiet until the close.

NOTE:

Called up. I actually thought the day would be up and up here because finally something was different today (viewtopic.php?f=2&t=3230&p=263394#p263394). I was just very cautious.

Called more up but still very cautious here (viewtopic.php?f=2&t=3230&p=263398#p263398).

Basically saying breakout was more likely here (viewtopic.php?f=2&t=3230&p=263401#p263401).

Called pullback then up right here (viewtopic.php?f=2&t=3230&p=263408#p263408).

Closed near the high of the day usually means higher high ahead, so good for bulls.

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.