02/12/2019 Market Recap

[Cobra]

Need see more bars. When not sure, always give bulls more credit so bias is up. Why not sure? Generally a top is a narrow range bar so in theory today's bar should mean more up but I noticed recently lots of times a strong bull bar (such as today's) actually was exactly the top... See red arrows.

[Cobra]

SUMMARY:

I was distracted so POSTED the uptrend day two 5 min bars late but still should be a easy money making day.

NOTE:

Called uptrend day here (viewtopic.php?f=2&t=3304&p=265285#p265285). Should've POSTED uptrend day 2 bars ago, I was chatting with a girl so inevitably forgot to update...

Missed the morning buy then here's the 2nd chance (viewtopic.php?f=2&t=3304&p=265297#p265297).

The close was disappointing but not enough to drawn any conclusion 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.

[BullBear52x]

Futures are green, only hope for bears' move is $CPCI is in a complacent after market data, flat to down the next two days. never failed. gap up doji and reverse the following trading day if not reverse intraday tomorrow. this will be more of a concern to FOMO move than swing bearish position. Peace!