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07/12/2019 Market Recap

07/12/2019 Market Recap

Postby Cobra » Fri Jul 12, 2019 4:10 pm

Not a bad bar today so might still be a day or two up before a day or two pullback.
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Re: 07/12/2019 Market Recap

Postby Cobra » Fri Jul 12, 2019 4:22 pm

SUMMARY:

Initially like a range day but after the morning dip it went up and up till the close, a typical bull trend day.

NOTE:

Called the pullback would be bought here but also called range day here (viewtopic.php?f=2&t=3542&p=270407#p270407). Only the pullback should be bought was right. I was actually thinking downtrend day but since it'd be mostly within the yesterday's range so to my standard, it'd be just a range day therefore I called range day here. Didn't think it'd be uptrend day eventually.

Called breakout was more likely here (viewtopic.php?f=2&t=3542&p=270413#p270413).

Confirmed the breakout was for real here (viewtopic.php?f=2&t=3542&p=270416#p270416).

No a bad close, so maybe more up the next Monday.
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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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