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11/20/2020 Market Recap

11/20/2020 Market Recap

Postby Cobra » Fri Nov 20, 2020 5:52 pm

Yesterday's bar usually means more up ahead so today was a rare case. Good news is it's an inside bar so maybe we should give bulls a little more time.
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Re: 11/20/2020 Market Recap

Postby Cobra » Fri Nov 20, 2020 6:00 pm

4.png

Good higher low call but didn't see it'd be sold off before the close.
viewtopic.php?f=2&t=4318&p=289544#p289544

HOW TO FIND OUT WE‘RE ABOUT TO GET SOLD OFF HERE? I only knew it's a range day so likely it'd have a pullback around the range high.
viewtopic.php?f=2&t=4318&p=289553#p289553

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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