06/16/2020 Market Recap

[Cobra]

I'm neutral here. It's not a good follow through of the yesterday's bullish reversal bar as it's actually a open > low bear bar, so cannot say bears are over yet.

[Cobra]

SUMMARY:

Guessed it'd be a consolidation day, didn't foresee the sharp intraday sell off then came back, eventually it was a consolidation day though.

NOTE:

Partial right - called consolidation day here, no way to see the coming sharp sell off then (almost) a total recovery, I think my market sense wasn't bad (viewtopic.php?f=2&t=4064&p=283948#p283948).

Right - called range low here (viewtopic.php?f=2&t=4064&p=283959#p283959).

N/A - reminded the resistance here. In fact the market stared to consolidate here till the close (viewtopic.php?f=2&t=4064&p=283968#p283968).

N/A - just a reminder, I actually meant that I was still awake (viewtopic.php?f=2&t=4064&p=283973#p283973).

The close.

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.