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02/06/2020 Market Recap
02/06/2020 Market Recap
Doji, so finally bears have 50% chances for tomorrow. I think it's reasonable to expect a day or tow pullback as early as tomorrow.
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Re: 02/06/2020 Market Recap
SUMMARY:
The chart pattern said a breakout was more likely most of the day but until the close, bulls didn't make it. I didn't do anything as stated in the morning so whatever, don't care.
NOTE:
Right - called range day and would do nothing today here (viewtopic.php?f=2&t=3862&p=277596#p277596).
Right - called more up here (viewtopic.php?f=2&t=3862&p=277606#p277606).
Right but just a guess - called the pullback probably would be bought here (viewtopic.php?f=2&t=3862&p=277621#p277621).
N/A as need the actual breakout to trade the breakout otherwise it's just a talk - called breakout would be more likely here (viewtopic.php?f=2&t=3862&p=277626#p277626).
N/A - reiterated the breakout here (viewtopic.php?f=2&t=3862&p=277630#p277630).
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.
The chart pattern said a breakout was more likely most of the day but until the close, bulls didn't make it. I didn't do anything as stated in the morning so whatever, don't care.
NOTE:
Right - called range day and would do nothing today here (viewtopic.php?f=2&t=3862&p=277596#p277596).
Right - called more up here (viewtopic.php?f=2&t=3862&p=277606#p277606).
Right but just a guess - called the pullback probably would be bought here (viewtopic.php?f=2&t=3862&p=277621#p277621).
N/A as need the actual breakout to trade the breakout otherwise it's just a talk - called breakout would be more likely here (viewtopic.php?f=2&t=3862&p=277626#p277626).
N/A - reiterated the breakout here (viewtopic.php?f=2&t=3862&p=277630#p277630).
No conclusion drawn from the close.
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: 02/06/2020 Market Recap
Non farm payroll day tomorrow has been generally bull friendly recently.
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