Cobra's Market View

Volume surged, maybe bulls will try the rebound again the next Monday. You people always like to try twice, if both are failed then will try the opposite direction and this is why we often see double bottom, double top. Bears tried twice Wednesday and Thursday, both were failed, so now it's bulls' turn. Bulls tried this morning but failed in the afternoon so probably will try again the next Monday.

Didn't see the sharp down coming. Only saw a possible double bottom (as always) which failed, I didn't call double bottom though, as I thought a break down was more likely.
viewtopic.php?f=2&t=4464&p=291999#p291999

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.