Strong follow through needed. The recent trend was big up days were exactly the top so I'm very cautious here. I mean fool me once, shame on the market, fool me twice, shame on me
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Called ascending triangle and breakout here (posting.php?mode=reply&f=2&t=3379). The rest of the day should be easy. Even missed the breakout there's a kiss goodbye later.
Not bad but neither perfect close for an uptrend day so 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.
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