02/22/2019 Market Recap

[Cobra]

Wait to see how the blue line gets tested. Breakout would trigger lots of bear stop losses which would further fueling the breakout.

[Cobra]

SUMMARY:

Started as an uptrend day smoothly but (might be) a news broke the trend badly, making buy and hold till the close very tough if not impossible so no complain I made nothing again today.

NOTE:

Explained how I'd judge uptrend day or range day here (viewtopic.php?f=2&t=3319&p=265585#p265585).

Uptrend day confirmed here (viewtopic.php?f=2&t=3319&p=265587#p265587). With a well watched resistance not far, it's a careful buy though. Explained the resistance here (viewtopic.php?f=2&t=3319&p=265588#p265588).

Mentioned ema buy setup here (viewtopic.php?f=2&t=3319&p=265596#p265596). It's kind of right but in reality should hard to make money because the rebound later was just a lower high.

It's do or die time here (viewtopic.php?f=2&t=3319&p=265601#p265601). Luckily bulls won again or it's the time never ever trust bears again?

By here bulls were safe (viewtopic.php?f=2&t=3319&p=265603#p265603). The question is were you able to hold through that sharp sell off earlier?

The close might mean another gap up the next Monday.

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.