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08/03/2020 Market Recap
08/03/2020 Market Recap
The gap has been filled. There's not much resistance until the all time high (blue line) now.
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Re: 08/03/2020 Market Recap
SUMMARY:
Boring day, nothing to say after 12 pm.
NOTE:
Right - called range day here (viewtopic.php?f=2&t=4138&p=285443#p285443).
Right but the breakout didn't go far as I thought so no use to the actual trade - called breakout likely here (viewtopic.php?f=2&t=4138&p=285446#p285446).
The close.
DISCLAIMER:
The trading log above is meant for myself only which main purpose is to help improving my market sense.
Boring day, nothing to say after 12 pm.
NOTE:
Right - called range day here (viewtopic.php?f=2&t=4138&p=285443#p285443).
Right but the breakout didn't go far as I thought so no use to the actual trade - called breakout likely here (viewtopic.php?f=2&t=4138&p=285446#p285446).
The close.
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.
Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Re: 08/03/2020 Market Recap
Debt Default Deflation
Fall into the gap
Apple Demands Retail Landlords Slash Rents By Half
Indian Stocks Break Critical Support As Pandemic Accelerates
ND.1 Sep Fut SELLING < 3,297.75
Argentina 3rd Default In 20 Years
Ford CEO Jim Hackett to retire, hands reins to Jim Farley, as restructuring fails to reignite stock
BULLYA US Dollars and Treasuries
UUP Target + 66 %
From 25.27 to 42
EDV Target + 30 %
From 173.3 to 225
+ 1.9 % Zero Coupon Long Treasury Yield
+ 66 % USD appreciation = + 93 %
Why worry about stock volatility ?
https://bradleysiderograph.com/2020-turn-dates-vix/
NB this is a chart of volatility
Fall into the gap
Apple Demands Retail Landlords Slash Rents By Half
Indian Stocks Break Critical Support As Pandemic Accelerates
ND.1 Sep Fut SELLING < 3,297.75
Argentina 3rd Default In 20 Years
Ford CEO Jim Hackett to retire, hands reins to Jim Farley, as restructuring fails to reignite stock
BULLYA US Dollars and Treasuries
UUP Target + 66 %
From 25.27 to 42
EDV Target + 30 %
From 173.3 to 225
+ 1.9 % Zero Coupon Long Treasury Yield
+ 66 % USD appreciation = + 93 %
Why worry about stock volatility ?
https://bradleysiderograph.com/2020-turn-dates-vix/
NB this is a chart of volatility