Back to www.cobrasmarketview.com

   

09/11/2020 Market Recap

09/11/2020 Market Recap

Postby Cobra » Fri Sep 11, 2020 5:04 pm

Filled black bar usually implies a reversal so bulls may have a little better chances here, say 51%.
Attachments
spy.png

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.
User avatar
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/11/2020 Market Recap

Postby Cobra » Fri Sep 11, 2020 5:14 pm

SUMMARY:

Didn't expect big down intra-day, thought it's just a boring range day so missed. The double bottom later was obvious.

NOTE:

Right - called breakout was a little more likely here (viewtopic.php?f=2&t=4204&p=287020#p287020).

Partial right, the breakout was better but still failed - called breakout more likely and for real here (viewtopic.php?f=2&t=4204&p=287022#p287022).

Right decision - explained my strategy today here (viewtopic.php?f=2&t=4204&p=287025#p287025). The rule saved me today.

Right - called this bear shall have legs here (viewtopic.php?f=2&t=4204&p=287052#p287052). It was only good for a scalp though. And I didn't see this sell off coming.

Right - called a double bottom here (viewtopic.php?f=2&t=4204&p=287059#p287059).

The close.
5.png


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.

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.
User avatar
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/11/2020 Market Recap

Postby JFR » Fri Sep 11, 2020 9:51 pm

SPY 5 minutes. Some ups and downs, and then back to where the day started.


2020-09-11_18-49-37.png
User avatar
JFR
 
Posts: 4571
Joined: Sun Dec 02, 2012 7:24 pm

Re: 09/11/2020 Market Recap

Postby Cobra » Sat Sep 12, 2020 8:06 pm

The feeling of the close was someone just wanted the day to close up because it's 911.

JFR wrote:SPY 5 minutes. Some ups and downs, and then back to where the day started.


2020-09-11_18-49-37.png

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.
User avatar
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm


Return to Traders Lounge

Who is online

Users browsing this forum: Cobra, Google [Bot] and 17 guests