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08/06/2019 Market Recap

08/06/2019 Market Recap

Postby Cobra » Tue Aug 06, 2019 4:11 pm

Don't know whether the rebound was over or not, just normally there should be another leg down after the rebound is over. Usually tomorrow should up another half day at least, usually.
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Re: 08/06/2019 Market Recap

Postby Cobra » Tue Aug 06, 2019 4:18 pm

SUMMARY:

Range day plus the big selling yesterday still jitters me so not sure the direction therefore not many comments.

NOTE:

Called range day here (viewtopic.php?f=2&t=3581&p=271152#p271152).

Simply mentioned what usually should happen around the range high in a range day here, instead of making a call, as I wasn't sure, the feeling was up and up though (viewtopic.php?f=2&t=3581&p=271169#p271169).

Again mentioned what was happening instead of making a call, the feeling still was up and up and this time the feeling was not good, maybe due to the close was near (viewtopic.php?f=2&t=3581&p=271174#p271174).

No conclusion drawn from the close.
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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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