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06/24/2020 Market Recap

06/24/2020 Market Recap

Postby Cobra » Wed Jun 24, 2020 4:38 pm

You know what I'm going to say: Make 2 consecutive down days then I'll START to take bears seriously.
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Re: 06/24/2020 Market Recap

Postby Cobra » Wed Jun 24, 2020 4:46 pm

SUMMARY:

Called the downtrend day early enough. A down from open to close day has been rare as I've been saying. Combining both, should be an easy day.

NOTE:

Right - The very first call of a downtrend day here (viewtopic.php?f=2&t=4077&p=284218#p284218).

N/A - reminded the 2nd chances to confirm a downtrend day here (viewtopic.php?f=2&t=4077&p=284224#p284224).

N/A - just a follow up (viewtopic.php?f=2&t=4077&p=284228#p284228).

Right - Confirmed the 2nd call of a downtrend day, also reminded a sell bounce setup later (viewtopic.php?f=2&t=4077&p=284229#p284229).

N/A - reminded to watch for sell bounce setup (viewtopic.php?f=2&t=4077&p=284236#p284236).

N/A - official reminder of the EMA short setup here (viewtopic.php?f=2&t=4077&p=284243#p284243).

N/A - just a guess (viewtopic.php?f=2&t=4077&p=284252#p284252).

N/A - just an explanation of my guess (viewtopic.php?f=2&t=4077&p=284254#p284254).

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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