Back to www.cobrasmarketview.com

   

05/15/2019 Market Recap

05/15/2019 Market Recap

Postby Cobra » Wed May 15, 2019 4:14 pm

Another gap down got reversed, not a bad looking bull bar, so bias now is a little up?
Attachments
spy.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 44034
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/15/2019 Market Recap

Postby Cobra » Wed May 15, 2019 4:30 pm

SUMMARY:

Basically an uptrend day but since it's mostly in the yesterday's range which as per my trading standard I'd treat as a range day so didn't yell the uptrend day, instead called each trading chances separately.

NOTE:

Basically if no sharp pullback from here then it'd be uptrend day (viewtopic.php?f=2&t=3452&p=268608#p268608). I just wouldn't call it uptrend day as explained above.

I meant the pullback, if coming, was buy (viewtopic.php?f=2&t=3452&p=268616#p268616).

It's the 3rd try on breakout so bulls should have chances this time (viewtopic.php?f=2&t=3452&p=268628#p268628).

I meant the pullback was buy (viewtopic.php?f=2&t=3452&p=268631#p268631).

The double top blah blah was just to hide my true motive which was "told you the pullback was buy" (viewtopic.php?f=2&t=3452&p=268634#p268634).

Bad call on C&H, I believe calling C&H on an uptrend has much better odds than calling double top, it's all about odds, so no complain (viewtopic.php?f=2&t=3452&p=268636#p268636). The next time I should wait until the bar closes. If today I waited after the bar closed, then I wouldn't make the bad call.

Weak close but not enough to draw any conclusions.
1.png


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.

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 44034
Joined: Sat Feb 12, 2011 10:29 pm


Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot] and 4 guests

cron