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03/09/2020 Market Recap
03/09/2020 Market Recap
Could be a rebound as early as tomorrow but again, it's just a rebound.
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Re: 03/09/2020 Market Recap
SUMMARY:
Called up then down right almost every steps. Missed the most important double top around 12:10 pm though, my bias still was on the bull side, I thought today might go up from open to the close as the gap overnight was way too large.
NOTE:
Right - called more rebound here (viewtopic.php?f=2&t=3909&p=279359#p279359).
Right - reiterated the rebound (viewtopic.php?f=2&t=3909&p=279373#p279373).
Right - still thought more up (viewtopic.php?f=2&t=3909&p=279380#p279380).
Failed to see the double top at 12:10 pm.
Right - called more down here, it's actually more than I expected (viewtopic.php?f=2&t=3909&p=279389#p279389).
Right - called a rebound here (viewtopic.php?f=2&t=3909&p=279400#p279400).
Right - reminded a short setup here (viewtopic.php?f=2&t=3909&p=279401#p279401).
Wrong as it's just a head fade while I was expecting way more down - called breakout on the downside here (viewtopic.php?f=2&t=3909&p=279403#p279403).
No conclusion drawn from the close.
DISCLAIMER:
The trading log above is meant for myself only which main purpose is to help improving my market sense.
Called up then down right almost every steps. Missed the most important double top around 12:10 pm though, my bias still was on the bull side, I thought today might go up from open to the close as the gap overnight was way too large.
NOTE:
Right - called more rebound here (viewtopic.php?f=2&t=3909&p=279359#p279359).
Right - reiterated the rebound (viewtopic.php?f=2&t=3909&p=279373#p279373).
Right - still thought more up (viewtopic.php?f=2&t=3909&p=279380#p279380).
Failed to see the double top at 12:10 pm.
Right - called more down here, it's actually more than I expected (viewtopic.php?f=2&t=3909&p=279389#p279389).
Right - called a rebound here (viewtopic.php?f=2&t=3909&p=279400#p279400).
Right - reminded a short setup here (viewtopic.php?f=2&t=3909&p=279401#p279401).
Wrong as it's just a head fade while I was expecting way more down - called breakout on the downside here (viewtopic.php?f=2&t=3909&p=279403#p279403).
No conclusion drawn from the close.
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.
Re: 03/09/2020 Market Recap
Signal Watches = UP UP UP UP and UP
https://stockcharts.com/public/1684859/chartbook
SP.1 Mar Futures BUYING > 2,695.25
https://stockcharts.com/public/1684859/chartbook
SP.1 Mar Futures BUYING > 2,695.25