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05/14/2020 Market Recap
05/14/2020 Market Recap
Officially it's one day doesn't make a trend so a strong bull follow through wanted. But honestly, follow through wanted is for bears only and even indeed still no guarantee, a perfect example is today. Yesterday was a not bad bear follow through, look what happened today?! Anyway, for bulls, one strong bull bar often is enough, 60% chances more up, let's see. Doesn't make sense? Well, argue with the market please.
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Re: 05/14/2020 Market Recap
SUMMARY:
Actually an uptrend day but since it's within the yesterday's range so I treated it as a range day which means buy dip only. Didn't see the 3 pm strong leg up, thought it should be the weakest, gladly I didn't say anything.
NOTE:
Right about the gap would be filled (viewtopic.php?f=2&t=4014&p=282644#p282644).
Right - confirmed the range day, called more up here (viewtopic.php?f=2&t=4014&p=282659#p282659).
N/A - subtle way of saying told you the gap would be filled (viewtopic.php?f=2&t=4014&p=282667#p282667).
Right - called more up here (viewtopic.php?f=2&t=4014&p=282674#p282674).
Right - basically called more up here and rough target (viewtopic.php?f=2&t=4014&p=282676#p282676).
Right - not a subtle way of saying told you, called the pullback would be bought (viewtopic.php?f=2&t=4014&p=282679#p282679).
N/A - just a reminder, it's not confirmed so no harm done (viewtopic.php?f=2&t=4014&p=282680#p282680).
The close.
DISCLAIMER:
The trading log above is meant for myself only which main purpose is to help improving my market sense.
Actually an uptrend day but since it's within the yesterday's range so I treated it as a range day which means buy dip only. Didn't see the 3 pm strong leg up, thought it should be the weakest, gladly I didn't say anything.
NOTE:
Right about the gap would be filled (viewtopic.php?f=2&t=4014&p=282644#p282644).
Right - confirmed the range day, called more up here (viewtopic.php?f=2&t=4014&p=282659#p282659).
N/A - subtle way of saying told you the gap would be filled (viewtopic.php?f=2&t=4014&p=282667#p282667).
Right - called more up here (viewtopic.php?f=2&t=4014&p=282674#p282674).
Right - basically called more up here and rough target (viewtopic.php?f=2&t=4014&p=282676#p282676).
Right - not a subtle way of saying told you, called the pullback would be bought (viewtopic.php?f=2&t=4014&p=282679#p282679).
N/A - just a reminder, it's not confirmed so no harm done (viewtopic.php?f=2&t=4014&p=282680#p282680).
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: 05/14/2020 Market Recap
From AutoChartist ...
Charts posted are not recommendations. They are just a sharing of information.
Re: 05/14/2020 Market Recap
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How New York Turned Nursing Homes Into 'Slaughter Houses'
Andrew Cuomo finally reverses his deadly Nursing Home order, which sent patients who tested positive for COVID-19 back to their nursing homes,
which resulted in thousands of infections and deaths.
https://www.zerohedge.com/health/how-ne ... ter-houses
.
How New York Turned Nursing Homes Into 'Slaughter Houses'
Andrew Cuomo finally reverses his deadly Nursing Home order, which sent patients who tested positive for COVID-19 back to their nursing homes,
which resulted in thousands of infections and deaths.
https://www.zerohedge.com/health/how-ne ... ter-houses
.