SUMMARY:
Range day but spent sometime to make sure it's not a slow bull day which down in the morning but up and up the rest of the day. In the end, it's just a range day, no miracle, too bad.
NOTE:
Called a range day here (
viewtopic.php?f=2&t=3704&p=273678#p273678). At this stage it looked like a downtrend day so a range day call was good as it may have saved some bears' life.
The rebound was strong so I kind thought it might be a slow bull day (
viewtopic.php?f=2&t=3704&p=273680#p273680).
Finally it's a range day no doubt (
viewtopic.php?f=2&t=3704&p=273684#p273684).
Called range low here (
viewtopic.php?f=2&t=3704&p=273690#p273690). It didn't rebound all the way to the day high so not a perfect call although appeared correct.
No conclusion drawn from the close.
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.