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09/11/2020 Market Recap

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Cobra
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09/11/2020 Market Recap

Post by Cobra »

Filled black bar usually implies a reversal so bulls may have a little better chances here, say 51%.
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Cobra
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Re: 09/11/2020 Market Recap

Post by Cobra »

SUMMARY:

Didn't expect big down intra-day, thought it's just a boring range day so missed. The double bottom later was obvious.

NOTE:

Right - called breakout was a little more likely here (viewtopic.php?f=2&t=4204&p=287020#p287020).

Partial right, the breakout was better but still failed - called breakout more likely and for real here (viewtopic.php?f=2&t=4204&p=287022#p287022).

Right decision - explained my strategy today here (viewtopic.php?f=2&t=4204&p=287025#p287025). The rule saved me today.

Right - called this bear shall have legs here (viewtopic.php?f=2&t=4204&p=287052#p287052). It was only good for a scalp though. And I didn't see this sell off coming.

Right - called a double bottom here (viewtopic.php?f=2&t=4204&p=287059#p287059).

The close.
5.png
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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.
  • 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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JFR
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Re: 09/11/2020 Market Recap

Post by JFR »

SPY 5 minutes. Some ups and downs, and then back to where the day started.

2020-09-11_18-49-37.png
Charts posted are not recommendations. They are just a sharing of information.
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Cobra
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Re: 09/11/2020 Market Recap

Post by Cobra »

The feeling of the close was someone just wanted the day to close up because it's 911.
JFR wrote:SPY 5 minutes. Some ups and downs, and then back to where the day started.

2020-09-11_18-49-37.png

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