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04/22/2020 Market Recap
04/22/2020 Market Recap
If my guess that the pullback this time should be larger than the previous one then tomorrow should be down. At the current stage, I don't believe tomorrow would drop below the pink tinted area yet, could be 2 days down to below the tinted area.
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Re: 04/22/2020 Market Recap
SUMMARY:
Range day. Only I was proved right in the last 5 minutes.
NOTE:
Wrong - expected more down from here, very good timing, the next bar it reversed up (viewtopic.php?f=2&t=3978&p=281740#p281740).
Right - called range day here (viewtopic.php?f=2&t=3978&p=281745#p281745).
Right - called breakout was more likely here (viewtopic.php?f=2&t=3978&p=281747#p281747). The up thereafter was much slower than I thought though.
N/A - Just a way of saying, hey, please click my web site (viewtopic.php?f=2&t=3978&p=281755#p281755).
Weak close, so maybe gap down tomorrow morning.
DISCLAIMER:
The trading log above is meant for myself only which main purpose is to help improving my market sense.
Range day. Only I was proved right in the last 5 minutes.
NOTE:
Wrong - expected more down from here, very good timing, the next bar it reversed up (viewtopic.php?f=2&t=3978&p=281740#p281740).
Right - called range day here (viewtopic.php?f=2&t=3978&p=281745#p281745).
Right - called breakout was more likely here (viewtopic.php?f=2&t=3978&p=281747#p281747). The up thereafter was much slower than I thought though.
N/A - Just a way of saying, hey, please click my web site (viewtopic.php?f=2&t=3978&p=281755#p281755).
Weak close, so maybe gap down tomorrow morning.
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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Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Re: 04/22/2020 Market Recap
ES 5. Backsliding a bit in the last 5 hours.
Charts posted are not recommendations. They are just a sharing of information.
Re: 04/22/2020 Market Recap
Good work Cobra
Two/Three ISEE Indices = DOWN
SP.1 Jun Fut SELLING < 2,806.50 edit
Two/Three ISEE Indices = DOWN
SP.1 Jun Fut SELLING < 2,806.50 edit