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07/11/2019 Market Recap

07/11/2019 Market Recap

Postby Cobra » Thu Jul 11, 2019 4:12 pm

Another Doji, so still 50% chances of a pullback here. Doji means the market takes a pause before deciding where to go the next.
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Re: 07/11/2019 Market Recap

Postby Cobra » Thu Jul 11, 2019 4:18 pm

SUMMARY:

Range day, you can see I can sense the range high or low, just hard to be sure therefore trading a range day mostly is a guess work, waiting for a confirmation would be too late, which I don't like so I tend do less if not no trade in a range day.

NOTE:

Called range low here (viewtopic.php?f=2&t=3540&p=270360#p270360). I wasn't sure but it turned out to be a right call.

Called range high here, I actually meant close enough, maybe a little rebound first which was true (viewtopic.php?f=2&t=3540&p=270378#p270378). Again, I wasn't sure and it was a range high.

I actually sensed the range low was close here (viewtopic.php?f=2&t=3540&p=270388#p270388).

Now it's finally clear the range low was in here (viewtopic.php?f=2&t=3540&p=270391#p270391). But I definitely couldn't see a sudden surge up before the close.

Strong close, so gap up tomorrow morning?
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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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