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09/13/2019 Market Recap

09/13/2019 Market Recap

Postby Cobra » Fri Sep 13, 2019 4:41 pm

No idea up or down the next Monday. Based on the statistics about SPY up 3 weeks, a breakout to another new all time high should be more likely the next week.
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Re: 09/13/2019 Market Recap

Postby Cobra » Fri Sep 13, 2019 4:44 pm

SUMMARY:

Range day mostly, break down later in the afternoon so didn't do anything.

NOTE:

Called range day here (viewtopic.php?f=2&t=3640&p=272246#p272246).

Called break down here (viewtopic.php?f=2&t=3640&p=272260#p272260). It took longer than I expected to really break though.

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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Re: 09/13/2019 Market Recap

Postby Cobra » Fri Sep 13, 2019 4:50 pm

Continue my trip in Odyssey. I met a cyclop yesterday, easily killed him. I'm on "nightmare" difficult level.
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Re: 09/13/2019 Market Recap

Postby Cobra » Fri Sep 13, 2019 4:55 pm

I met Sphinx today. She challenged me three questions.

1.) At night they come without being fetched, and by day they are lost without being stolen.

2.) This thing all things devour: birds, beasts, trees, flowers; gnaws iron, bites steel; grinds hard stones to meal; slays kings, ruins towns; and beats high mountains down.

3.) What can run, but never walks; has a mouth, but never talks; has a head, but never weeps; has a bed, but never sleeps?

I have google, so I wasn't afraid. Well, it's easy, I didn't use google this time though.
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