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06/29/2020 Market Recap

06/29/2020 Market Recap

Postby Cobra » Mon Jun 29, 2020 4:26 pm

Let's see whether bulls can make a strong follow through tomorrow. Until either bulls or bears can finally do a strong follow through we're going nowhere.
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Re: 06/29/2020 Market Recap

Postby Cobra » Mon Jun 29, 2020 4:30 pm

SUMMARY:

Range day, not much to say, didn't see the sharp up before the close.

NOTE:

N/A - explained how I'd judge uptrend day or range day here (viewtopic.php?f=2&t=4084&p=284407#p284407).

Right - called range day here (viewtopic.php?f=2&t=4084&p=284410#p284410).

Right but I didn't foresee the sharp up before the close, thought the breakout failed - called breakout likely here (viewtopic.php?f=2&t=4084&p=284411#p284411).

Very strong close, so gap up tomorrow morning?
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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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