07/29/2020 Market Recap

[Cobra]

Still 50% chances of double top here. The bull bar today looks good, a strong follow through tomorrow would probably mean a total gap fill.

[Cobra]

SUMMARY:

FOMC day, no trading. The bias has been up whole day and I called them right.

NOTE:

N/A - explained how I'd judge uptrend day or range day here (viewtopic.php?f=2&t=4130&p=285280#p285280).

N/A - explained my strategy today here (viewtopic.php?f=2&t=4130&p=285285#p285285).

N/A - explained what I thought here (viewtopic.php?f=2&t=4130&p=285288#p285288).

Right - called breakout was more likely and for real here (viewtopic.php?f=2&t=4130&p=285291#p285291).

N/A - just a follow up (viewtopic.php?f=2&t=4130&p=285297#p285297).

Right - called more up here (viewtopic.php?f=2&t=4130&p=285298#p285298).

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.

[Heck]

Good calls Cobra

US Q2 GDP Crashes By A Record 32.9%, Worse Than Great Depression

Worst. Quarter. Ever.

SP.1 Sep Fut SELLING < 3,257.00