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07/24/2019 Market Recap

PostPosted: Wed Jul 24, 2019 4:57 pm
by Cobra
I see cup with handle (you can call double top as well, but I have bull's eyes) so bias is up.

Re: 07/24/2019 Market Recap

PostPosted: Wed Jul 24, 2019 5:02 pm
by Cobra

Called breakout right but didn't expect it to be real and go far (since I assumed it's a range day) so missed the long.


By here uptrend day had chances (viewtopic.php?f=2&t=3561&p=270735#p270735).

Called range day here. The call wasn't right but to my defense, at least it's not a common uptrend day (viewtopic.php?f=2&t=3561&p=270736#p270736).

Called breakout here (viewtopic.php?f=2&t=3561&p=270738#p270738). Too bad I thought since it's a range day so likely the breakout would fail or at least couldn't go far.

Strong close, so gap up tomorrow?


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.