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05/13/2019 Market Recap

PostPosted: Mon May 13, 2019 4:53 pm
by Cobra
The bottom signs were gone after today's bar. Volume surges but maybe not enough for a bottom. Guess we'll need a news saying Trump and Xi would meet sometime somewhere to turn the tide or even it's no longer enough (since the market heard wolf coming several times already), then we're really in trouble.

Re: 05/13/2019 Market Recap

PostPosted: Mon May 13, 2019 4:58 pm
by Cobra

Called reversed C&H right, call higher low test needed right.


Called more down here (viewtopic.php?f=2&t=3448&p=268510#p268510).

It's right to be careful here (viewtopic.php?f=2&t=3448&p=268528#p268528) for not calling the bottom.

Actually not only the revisit was too late, it's strong so even it were not late, I'd not buy anyway (viewtopic.php?f=2&t=3448&p=268542#p268542).

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.