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01/15/2020 Market Recap

01/15/2020 Market Recap

Postby Cobra » Wed Jan 15, 2020 5:39 pm

The bar today doesn't say much, maybe a little little bear biased as it had a little long up shadow.
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Re: 01/15/2020 Market Recap

Postby Cobra » Wed Jan 15, 2020 5:45 pm

SUMMARY:

Started like an uptrend day but it wasn't confirmed. Guess the pullback right but the rebound later was so strong so thought the pullback was over which was wrong.

NOTE:

N/A - explained how I'd judge uptrend day here (viewtopic.php?f=2&t=3828&p=276564#p276564).

Right - reminded it's not a confirmed uptrend day here (viewtopic.php?f=2&t=3828&p=276566#p276566).

Right but not very sure at the time so didn't make the money - called a possible pullback here because of a 3 push up (viewtopic.php?f=2&t=3828&p=276577#p276577).

Wrong - the rebound was so strong so I thought the low was in (viewtopic.php?f=2&t=3828&p=276590#p276590).

N/A - called mm down but mainly to admit I was wrong earlier (viewtopic.php?f=2&t=3828&p=276592#p276592).

Very strong close, so the pullback was over? Not sure.
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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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