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07/16/2019 Market Recap

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Cobra
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07/16/2019 Market Recap

Post by Cobra »

Maybe one more day of pullback? Because the most pullbacks after a filled black recently lasted more than one day.
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Cobra
Site Admin
Posts: 58341
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/16/2019 Market Recap

Post by Cobra »

SUMMARY:

The 12 pm drop had several reversal like bars which kept me waiting, the rebound later hard to tell strong or weak which kept me waiting again, then the 2nd leg down was a typical revisit of the previous low so my focus was then a trading reversal setup therefore only commented when I saw possible higher low.

NOTE:

Called range day here (viewtopic.php?f=2&t=3547&p=270477#p270477).

Called more down here (viewtopic.php?f=2&t=3547&p=270487#p270487).

I didn't know how to respond to the sharp pullback then sharp reversal until here which looked like the low was in or very close (viewtopic.php?f=2&t=3547&p=270502#p270502).

A little lower than I called higher low earlier then strong rebound so called the low was in again here (viewtopic.php?f=2&t=3547&p=270508#p270508).

Weak close so might be gap down tomorrow.
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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.
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