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02/14/2020 Market Recap

02/14/2020 Market Recap

Postby Cobra » Fri Feb 14, 2020 5:34 pm

Doji means 50% chances for bears so my guess a down the next Tuesday then we'll see.
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Re: 02/14/2020 Market Recap

Postby Cobra » Fri Feb 14, 2020 5:40 pm

SUMMARY:

Called the range low wrong the first time, thought it'd be down and down but then the market quickly reversed so called the range low the 2nd time right. All were from my experiences so I could switch side quickly.

NOTE:

Right - called range day here (viewtopic.php?f=2&t=3875&p=277991#p277991).

Wrong, should waited for the 2nd bar strong follow through, too bad, I was eager to say that I was awake so hurried the comment - called range low here (viewtopic.php?f=2&t=3875&p=278014#p278014).

Wrong, I saw many times the market down sharply after a double bottom failed so thought it'd be the case today. I put a question mark meaning I wasn't sure though (viewtopic.php?f=2&t=3875&p=278015#p278015).

Right - called the range low was in here again, this time I was patient enough to wait for a strong follow through bar (viewtopic.php?f=2&t=3875&p=278016#p278016).

Strong close, so gap up the next Tuesday?
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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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