Back to www.cobrasmarketview.com

   

06/04/2019 Market Recap

06/04/2019 Market Recap

Postby Cobra » Tue Jun 04, 2019 4:29 pm

Strong follow through wanted, until then I don't trust this rally. Maybe test MA5 (blue line) tomorrow is possible.
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: 43539
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/04/2019 Market Recap

Postby Cobra » Tue Jun 04, 2019 4:34 pm

SUMMARY:

Called uptrend day in the morning, the rest of the day should then be easy.

NOTE:

Explained how I'd judge uptrend day or range day here (viewtopic.php?f=2&t=3481&p=269247#p269247).

The 2nd chance to buy if you missed the morning entry (viewtopic.php?f=2&t=3481&p=269256#p269256).

Not a correct call to expect a little larger pullback here, the market kept going up till the close (viewtopic.php?f=2&t=3481&p=269261#p269261).

Not a bad close, so might still be some up rooms tomorrow.
4.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: 43539
Joined: Sat Feb 12, 2011 10:29 pm


Return to Traders Lounge

Who is online

Users browsing this forum: Trades with cats and 36 guests