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05/14/2019 Market Recap

PostPosted: Tue May 14, 2019 4:14 pm
by Cobra
The long upper shadow today means bears may still have better chances than bulls in the coming days.

Re: 05/14/2019 Market Recap

PostPosted: Tue May 14, 2019 4:20 pm
by Cobra
SUMMARY:

Uptrend day most of the day but sadly couldn't hold before the close.

NOTE:

I actually believed it'd be uptrend day here (viewtopic.php?f=2&t=3450&p=268570#p268570).

Uptrend day confirmed (viewtopic.php?f=2&t=3450&p=268572#p268572).

Reminded typical EMA20 buy setup on an uptrend day here (viewtopic.php?f=2&t=3450&p=268578#p268578).

It happened fast so didn't have chances to post warning. I mostly don't believe H&S top anyway (viewtopic.php?f=2&t=3450&p=268581#p268581).

No conclusion drawn from the close.
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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.