12/15/2021 Market Recap

[Cobra]

Good looking bull bar with huge volume so should be still some up rooms.

Please note, I didn't say it's very bullish. Usually I'll need see 2 consecutive strong bull bars, so a strong follow through tomorrow is needed. In case you think what I'm saying is contradicting: Say, tomorrow could go a little up more or gap up (as always) but close down. This way it fulfills the more up rooms' call while has no strong follow through. Just an example.

[Cobra]

Double top rarely works, poor bear. On the other hand, double bottom mostly works.
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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.

[Cobra]

The yesterday's members only update is open for public, now you should understand why in the yesterday's Market Recap I specifically put a note saying more up didn't mean it's bullish.

Click the link below for the report: Everyone is busy so no time for a lengthy yet lots of "however" report. My style is conclusion first then evidences. Every conclusion should be based on a solid evidence otherwise I'd honestly say I have no idea.

http://www.cobrasmarketview.com/2021/12 ... gh-wanted/