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03/26/2020 Market Recap

03/26/2020 Market Recap

Postby Cobra » Thu Mar 26, 2020 4:45 pm

The rebound so far is strong so maybe more.
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Re: 03/26/2020 Market Recap

Postby Cobra » Thu Mar 26, 2020 4:54 pm

SUMMARY:

Applied the lesson learnt recently again: If the trend day is confirmed late, treat it as a range day.

NOTE:

N/A - reminded a resistance and called a pullback or consolidaiton (viewtopic.php?f=2&t=3937&p=280466#p280466).

Right - called not chase up buy dip only here (viewtopic.php?f=2&t=3937&p=280482#p280482).

Right but it took much longer time than I thought to fulfill - called breakout more likely here (viewtopic.php?f=2&t=3937&p=280484#p280484) and here (viewtopic.php?f=2&t=3937&p=280496#p280496) and here (viewtopic.php?f=2&t=3937&p=280510#p280510).

Right - called the pullback would be bought (viewtopic.php?f=2&t=3937&p=280491#p280491).

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: 03/26/2020 Market Recap

Postby Heck » Thu Mar 26, 2020 8:40 pm

SMH Target + 44 %
From 116.2 to 167
+ 1.8 % Dividend Yield
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Re: 03/26/2020 Market Recap

Postby JFR » Thu Mar 26, 2020 10:40 pm

ES 5. Back down to support.


2020-03-26_1939.png
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Re: 03/26/2020 Market Recap

Postby QED » Fri Mar 27, 2020 1:15 am

Image
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Re: 03/26/2020 Market Recap

Postby Heck » Fri Mar 27, 2020 8:36 am

Four Cobra Signal Watch UPs
Federal Reserve's Balance Sheet Tops $5 Trillion for First Time...
SP.1 Jun Futures BUYING > 2,515 edit
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