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07/10/2019 Market Recap

PostPosted: Wed Jul 10, 2019 4:13 pm
by Cobra
Yesterday I said that bears failed twice so now might be bulls' turn, which seemed indeed today. Not a great daily bar today but cannot say bulls failed either.

Re: 07/10/2019 Market Recap

PostPosted: Wed Jul 10, 2019 4:20 pm
by Cobra

Range day, didn't get the chance to long. Once looked a lot like a downtrend day, gladly I didn't fall for the trap which normally I would, it's just a pure luck.


Explained how I'd judge range day or downtrend day here (viewtopic.php?f=2&t=3538&p=270319#p270319).

Just when it looked like a downtrend day then it's reversed up so called the range low was in here (viewtopic.php?f=2&t=3538&p=270323#p270323). I was just lucky today not calling downtrend day. Normally I would.

I'm not sure where the range high was in here (viewtopic.php?f=2&t=3538&p=270332#p270332). It turned out that the answer was yes. It might not be a bad idea to say I'm not sure but there're chances.

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.