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01/07/2019 Market Recap

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Cobra
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01/07/2019 Market Recap

Post by Cobra »

Starting to test the resistances area...
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Cobra
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Re: 01/07/2019 Market Recap

Post by Cobra »

SUMMARY:

Called uptrend day around 10:40 am which was right, however, I wasn't able to sell near the high of the day, bulls failed to recover the very first pullback which is rare for an uptrend day so no blame.

NOTE:

Called uptrend day here (viewtopic.php?f=2&t=3246&p=263855#p263855). The "?" was because my (supposed more powerful) young Padawan said his guts (I mean the "force") told him it's a range day so I hesitated 5+ minutes before the post. Guess he's just not powerful enough yet...

Really, generally the pullback should be bought (viewtopic.php?f=2&t=3246&p=263900#p263900). No way I'd say today would be different as we'll have to always bet on general cases which have higher odds.

The close was disappointing. Maybe pullback 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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BullBear52x
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Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/07/2019 Market Recap

Post by BullBear52x »

Back into a safe space. now bears are as much worried as the bulls. the bulls ain't gonna give without a fight at this level.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
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