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06/25/2020 Market Recap

06/25/2020 Market Recap

Postby Cobra » Thu Jun 25, 2020 4:31 pm

Still unable to make 2 consecutive down days so bears still have no chances. Bulls, on the other hand, have been unable to make strong follow through for awhile (although could make 2 up days), until this changes as well, bulls have no chances either.
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Re: 06/25/2020 Market Recap

Postby Cobra » Thu Jun 25, 2020 4:37 pm

SUMMARY:

Range day, called breakout right, although a little too early and didn't see it could go far.

NOTE:

N/A - it's the last chances to make an uptrend day here (viewtopic.php?f=2&t=4079&p=284289#p284289).

Wrong, it was a double bottom later, didn't see another test coming - called range low was in here (viewtopic.php?f=2&t=4079&p=284290#p284290).

N/A - reminded a possible double bottom here (viewtopic.php?f=2&t=4079&p=284297#p284297).

Right but a little too early, didn't see another small pullback first before the breakout and didn't see the breakout could go very far (viewtopic.php?f=2&t=4079&p=284310#p284310).

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: 06/25/2020 Market Recap

Postby JFR » Thu Jun 25, 2020 7:31 pm

MSFT daily P&F.


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