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09/26/2019 Market Recap

09/26/2019 Market Recap

Postby Cobra » Thu Sep 26, 2019 4:40 pm

No idea up or down tomorrow. The chart doesn't look bearish so far though.
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Re: 09/26/2019 Market Recap

Postby Cobra » Thu Sep 26, 2019 4:48 pm

SUMMARY:

Gladly I treated the day as a range day as again bears simply cannot be trusted.

NOTE:

Called range day. I was too optimistic about bulls though (viewtopic.php?f=2&t=3660&p=272694#p272694) so the range low call here was wrong.

Reiterated range day here, but reminded no hurry buying (viewtopic.php?f=2&t=3660&p=272698#p272698). The rebound indeed was sold, just it's only good for a scalp.

Guessed the range low again here, reminded the trading reversals setup (viewtopic.php?f=2&t=3660&p=272704#p272704).

The trading reversals setup was triggered, wasn't very sure about the setup though as the push up wasn't strong (viewtopic.php?f=2&t=3660&p=272705#p272705).

Called more up here (viewtopic.php?f=2&t=3660&p=272708#p272708).

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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