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01/02/2019 Market Recap

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Cobra
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01/02/2019 Market Recap

Post by Cobra »

Not a bad bull bar today so 51% chances the rebound is not over yet?
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Cobra
Site Admin
Posts: 58339
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/02/2019 Market Recap

Post by Cobra »

SUMMARY:

Uptrend day but wasn't easy to hold (and this is why it's just an uptrend day not a strong uptrend day).

NOTE:

I actually thought it's going to be an uptrend day here (viewtopic.php?f=2&t=3239&p=263615#p263615). I was just very careful expressing so. Well, right at open I could fell it's going to up an uptrend day. I just didn't have the guts to buy until around here.

Called more up here right (viewtopic.php?f=2&t=3239&p=263649#p263649). Missed 100% mm target though.

Warned the pullback this time would be different here right (viewtopic.php?f=2&t=3239&p=263655#p263655).

Lager pullback confirmed here (viewtopic.php?f=2&t=3239&p=263656#p263656).

Didn't see the sharp rebound before the close coming. The close wasn't bad. Originally thought 50% chances bulls were over, now probably they have 51% chances to up more.
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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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