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09/12/2019 Market Recap

09/12/2019 Market Recap

Postby Cobra » Thu Sep 12, 2019 4:17 pm

See annotation on the chart, probably a pullback as early as tomorrow then we'll see. I don't expect the pullback to be the end of the world.
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Pullback.png

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Re: 09/12/2019 Market Recap

Postby Cobra » Thu Sep 12, 2019 4:21 pm

SUMMARY:

Range day, didn't expect for twice bulls bought the sharp pullback. The pullback near the close was the 3rd time, so don't count on bulls to buy it again tomorrow, because it's the 3rd time's charm, let's see.

NOTE:

Called range day here (viewtopic.php?f=2&t=3638&p=272224#p272224).

Spotted a breakout pattern here (viewtopic.php?f=2&t=3638&p=272233#p272233). Unfortunately bulls were unable to touch it again.

Weak close, probably gap down tomorrow.
1.png


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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