01/30/2019 Market Recap

[Cobra]

No comments, need see more bars. Assume more up.

[Cobra]

SUMMARY:

It's an uptrend day but because of FOMC at 2 pm, I did no trade.

NOTE:

By here (viewtopic.php?f=2&t=3283&p=264908#p264908), it looked like an uptrend day. I had no plan to trade today because of FOMC at 2 pm so no complain that until now I wasn't still sure whether the day was an uptrend day or now. Actually, I've been thinking it'd be a range day until then and this was why I felt reluctant to admit it's an uptrend day.

A subtle way to confirm it's an uptrend day here (viewtopic.php?f=2&t=3283&p=264920#p264920).

Almost no roller coaster show, the market was up immediately, guess everybody liked what Fed said (viewtopic.php?f=2&t=3283&p=264926#p264926).

FOMC day usually closes weak so I was disappointed but actually it's a very normal close. No conclusion drawn for tomorrow.

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.