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07/15/2019 Market Recap

07/15/2019 Market Recap

Postby Cobra » Mon Jul 15, 2019 5:15 pm

Filled black bar again plus stair down volume, so expect a day or two pullback as early as tomorrow.
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Re: 07/15/2019 Market Recap

Postby Cobra » Mon Jul 15, 2019 5:26 pm

SUMMARY:

Didn't see the V reversal. It's a range day with narrow range so I lost the interest soon after the open anyway. I even failed to go back home before the close, the dentist appointment took double than estimated time.

NOTE:

Called range day here then totally lost the interest as the range was narrow (viewtopic.php?f=2&t=3545&p=270440#p270440).

No conclusion drawn from the close. It's a typical slow bull day: Gap up then pullback for couple of hours (today was longer than usual) then up and up the rest of the day. I mean it's not bearish sign, bears don't be fooled, unless you have other evidences - just a slow up day is not a bearish sign.
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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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