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07/12/2018 Market Recap

07/12/2018 Market Recap

Postby Cobra » Thu Jul 12, 2018 4:14 pm

Back to valid Cup with Handle breakout or not, wait and see.
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Re: 07/12/2018 Market Recap

Postby Cobra » Thu Jul 12, 2018 4:59 pm

SUMMARY:

Called uptrend day by luck, called top wrong, twice, the market was stronger than I thought.


NOTE:

Clear breakout (viewtopic.php?f=2&t=2968&p=256803#p256803) so likely an uptrend day.

Reminded a potential turning point here (viewtopic.php?f=2&t=2968&p=256805#p256805). Glad no sharp pullback so those who bought the breakout should not find too hard to hold.

It's a diplomatic way saying you should book some profit here (viewtopic.php?f=2&t=2968&p=256810#p256810).

I was wrong calling top earlier, the market pushed up a little more here (viewtopic.php?f=2&t=2968&p=256813#p256813).

So called the high was in again here (viewtopic.php?f=2&t=2968&p=256835#p256835).

Which was wrong again in the end. Overall a surprisingly strong up day. I don't mean strong strong, I mean it's stronger than I thought.
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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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Re: 07/12/2018 Market Recap

Postby daytradingES » Thu Jul 12, 2018 11:50 pm

Thanks Cobra,

To all my friends at Cobra I share this
https://www.youtube.com/watch?v=ZSPkcpGmflE
Good trading to all
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Re: 07/12/2018 Market Recap

Postby Cobra » Fri Jul 13, 2018 9:53 am

daytradingES wrote:Thanks Cobra,

To all my friends at Cobra I share this
https://www.youtube.com/watch?v=ZSPkcpGmflE


Wow, thank you! didn't know grasses are this powerful. I only knew that I spend far more money on my lawn than my flowers so for a good back yard, the lawn is actually the expensive one, not flowers, not trees, not ornaments :mrgreen:

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