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05/10/2019 Market Recap

PostPosted: Fri May 10, 2019 4:12 pm
by Cobra
2 reversal like bars in a row, although neither were perfect but still could mean a rebound here first then we'll see.

Re: 05/10/2019 Market Recap

PostPosted: Fri May 10, 2019 4:23 pm
by Cobra

Typical breakdown something then sharply reversal up. I wish I'd act on the reversal earlier and with larger position.


Called more down but likely a range day here (viewtopic.php?f=2&t=3445&p=268420#p268420).

Reminded the breakdown then sharp reversal up here (viewtopic.php?f=2&t=3445&p=268421#p268421).

At this moment a breakdown seemed more likely and if indeed it would mean downtrend day (viewtopic.php?f=2&t=3445&p=268422#p268422).

There's no breakdown but only by here I started to think maybe the low was in for today (viewtopic.php?f=2&t=3445&p=268447#p268447). Yes, I started buying but since I wasn't sure, I didn't buy much.

Reminded buy dip setup here (viewtopic.php?f=2&t=3445&p=268470#p268470).

Called pullback here (viewtopic.php?f=2&t=3445&p=268476#p268476). 2 bars earlier, but overall, not bad.

No conclusion drawn from the close.


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.