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05/20/2020 Market Recap

05/20/2020 Market Recap

Postby Cobra » Wed May 20, 2020 4:42 pm

Testing MA200, I'm neutral here.
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Re: 05/20/2020 Market Recap

Postby Cobra » Wed May 20, 2020 4:55 pm

SUMMARY:

Called uptrend day early enough to make money despite it turned into a range day later.

NOTE:

Wrong but still could make money - called uptrend day very early here (viewtopic.php?f=2&t=4023&p=282859#p282859).

Wrong if longed after the uptrend day was confirmed - the usual way of judging uptrend day here (viewtopic.php?f=2&t=4023&p=282876#p282876).

Wrong - it actually pulled back after the consolidation (viewtopic.php?f=2&t=4023&p=282884#p282884).

Partial right, the uptrend indeed was over - reminded the buy dip setup and the uptrend could be over (viewtopic.php?f=2&t=4023&p=282892#p282892).

N/A - initial call the low was in (viewtopic.php?f=2&t=4023&p=282909#p282909).

Right - officially called the low was in here (viewtopic.php?f=2&t=4023&p=282912#p282912).

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: 05/20/2020 Market Recap

Postby JFR » Wed May 20, 2020 5:57 pm

QQQ P&F daily.


2020-05-20_1456.png
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Re: 05/20/2020 Market Recap

Postby jademann » Wed May 20, 2020 9:52 pm

For good measure I also added my best case bearish view here:
https://sites.google.com/site/stoplosst ... al-candles
My comments were dictated to me by homie the clown
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Re: 05/20/2020 Market Recap

Postby Heck » Thu May 21, 2020 8:38 am

Profitable calls Cobra

Thanks

SP.1 June Futures SELLING < 2,973.50
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