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06/10/2019 Market Recap

06/10/2019 Market Recap

Postby Cobra » Mon Jun 10, 2019 4:44 pm

Filled black has higher chances of reversal than the normal white or red bars so could be a day or two pullback as early as tomorrow.
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Re: 06/10/2019 Market Recap

Postby Cobra » Mon Jun 10, 2019 4:55 pm

SUMMARY:

Rare case of an uptrend day got reversed. Fortunately this time, the selling wasn't sharp.

NOTE:

Called uptrend day here (viewtopic.php?f=2&t=3490&p=269397#p269397).

Basically called the high was in. Warned it might not be a typical uptrend day here (viewtopic.php?f=2&t=3490&p=269402#p269402).

Disappointing close, might mean gap down tomorrow. I kept quiet after calling the high was in because I believed there'd be a rebound before the close even it just could make a lower high, I didn't expect it to pull all the way to 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.

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