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03/18/2020 Market Recap

03/18/2020 Market Recap

Postby Cobra » Wed Mar 18, 2020 4:50 pm

So still no follow through and today's bar still doesn't look like a typical bottom bar which usually shouldn't have much long upper shadow.

NotABottomBar.png

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Re: 03/18/2020 Market Recap

Postby Cobra » Wed Mar 18, 2020 4:56 pm

SUMMARY:

Another day simply being a narrator. Thank you Heck for the encouragement yesterday :mrgreen:

NOTE:

Right - called rebound to EMA20 here (viewtopic.php?f=2&t=3924&p=279883#p279883).

N/A - reminded the recent pattern here (viewtopic.php?f=2&t=3924&p=279897#p279897).

Right - called more down here (viewtopic.php?f=2&t=3924&p=279917#p279917).

N/A - explained how I'd judge whether the rebound has chances or not here (viewtopic.php?f=2&t=3924&p=279944#p279944).

N/A - I actually thought it's very promising sign for bulls (viewtopic.php?f=2&t=3924&p=279947#p279947).

N/A - reminded a resistance here (viewtopic.php?f=2&t=3924&p=279954#p279954).

No conclusion drawn from the close.
1.png


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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Re: 03/18/2020 Market Recap

Postby JFR » Wed Mar 18, 2020 8:17 pm

ES 5. Up about 150 points since the stock market closed.


2020-03-18_1715.png
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Re: 03/18/2020 Market Recap

Postby JFR » Wed Mar 18, 2020 10:41 pm

SPY daily.

Feb 19. SPY 340. Mar 18 SPY 228. Down 32%


Screenshot_20200318_193953.jpg
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