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01/16/2020 Market Recap

01/16/2020 Market Recap

Postby Cobra » Thu Jan 16, 2020 5:15 pm

Good looking bull bar so it's a renewed bull strength, more up.
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Re: 01/16/2020 Market Recap

Postby Cobra » Thu Jan 16, 2020 5:19 pm

SUMMARY:

Kept calling more up but didn't actually expect it to go up much so didn't foresee the strong push up before the close.

NOTE:

N/A - I didn't expect big up today (viewtopic.php?f=2&t=3830&p=276614#p276614).

Right but it actually took much longer to make the breakout - called breakout likely here (viewtopic.php?f=2&t=3830&p=276629#p276629).

Right - reiterated breakout more likely here (viewtopic.php?f=2&t=3830&p=276635#p276635).

Right but again it too much longer than I expected to really push up - called more up here (viewtopic.php?f=2&t=3830&p=276642#p276642).

Strong close, so gap up tomorrow morning?
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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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