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09/04/2019 Market Recap

PostPosted: Wed Sep 04, 2019 4:14 pm
by Cobra
The line has been tested many times so can hardly hold now.

Re: 09/04/2019 Market Recap

PostPosted: Wed Sep 04, 2019 4:19 pm
by Cobra

Range day turned into uptrend day after the breakout, too late to see uptrend day so didn't do much.


By here it looked like a range day (viewtopic.php?f=2&t=3625&p=272006#p272006).

Another way of saying this bull shall have legs here (viewtopic.php?f=2&t=3625&p=272007#p272007). In members only update I called uptrend day but since it's near noon already too late to buy and hold therefore focus on whether the pullback would be bought should be the right way now.

Called more up here (viewtopic.php?f=2&t=3625&p=272011#p272011). Didn't expect the pullback later and didn't see the rebound later later could go all the way till the close so the call here was right but not exactly what I expected.

No conclusion drawn from the close.


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.