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03/19/2020 Market Recap

03/19/2020 Market Recap

Postby Cobra » Thu Mar 19, 2020 4:49 pm

Follow through wanted. Maybe tomorrow bulls finally are able to get it because bears might not dare to hold large positions over the weekend in case center banks announce something beyond the imaginations of we ordinary human beings.
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Re: 03/19/2020 Market Recap

Postby Cobra » Thu Mar 19, 2020 4:55 pm

SUMMARY:

Another day as a narrator.

NOTE:

Right - called the pullback would be bought here (viewtopic.php?f=2&t=3926&p=280011#p280011).

Right - called more up here (viewtopic.php?f=2&t=3926&p=280022#p280022).

Cannot say it's wrong but I actually expected more up, at least Fib 61.8% of measured move - called measure move up here (viewtopic.php?f=2&t=3926&p=280027#p280027). I didn't say 100% measured move up which basically guaranteed I'd be right no matter what.

Cannot say it's wrong but it's actually a failed breakout, I expected much higher - called more up here (viewtopic.php?f=2&t=3926&p=280053#p280053).

No conclusion drawn from the close.
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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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Re: 03/19/2020 Market Recap

Postby Heck » Thu Mar 19, 2020 6:32 pm

Cobra wrote:SUMMARY:

Another day as a narrator.



Excellent commentary

Thank you
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Re: 03/19/2020 Market Recap

Postby Cobra » Thu Mar 19, 2020 6:51 pm

Heck wrote:
Cobra wrote:SUMMARY:

Another day as a narrator.



Excellent commentary

Thank you


Thank you! :mrgreen:

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Re: 03/19/2020 Market Recap

Postby JFR » Fri Mar 20, 2020 12:03 am

ES 5. All's quiet. We will see what friday brings.


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Re: 03/19/2020 Market Recap

Postby Heck » Fri Mar 20, 2020 8:03 am

7 C Signals UP
https://stockcharts.com/public/1684859/chartbook

Extreme Fear 9 rising = UP

SP.1 Jun Futures BUYING > 2,327.50 edit
Last edited by Heck on Fri Mar 20, 2020 2:56 pm, edited 1 time in total.
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Re: 03/19/2020 Market Recap

Postby Heck » Fri Mar 20, 2020 8:30 am

Nasdaq futures hit ‘limit up’
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