11/26/2018 Market Recap

[Cobra]

Good looking bull bar but a good follow through is needed tomorrow otherwise it doesn't mean anything.

[Cobra]

SUMMARY:

Perfect sample of the 3rd time's charm. The recent 2 up attempts were sold, this was the 3rd time, once looked like it'd be sold again, however due to the 3rd time's charm, I guessed up right.


NOTE:

By here it looked like an uptrend day. Learnt form the recent lessons so now I need see a good follow though bar which didn't come therefore saved me (viewtopic.php?f=2&t=3185&p=261866#p261866).

By here it looked like up still was more likely (viewtopic.php?f=2&t=3185&p=261879#p261879).

I meant the range low was in here (viewtopic.php?f=2&t=3185&p=261914#p261914). The reason was the 3rd time's charm. Thought I explained but I didn't post out, guess I was drunk.

I believed a breakout was more likely (viewtopic.php?f=2&t=3185&p=261914#p261914). The reason still was the 3rd time's charm.

In the end breakout indeed. The close was a consolidation near the day high which was a good sign for tomorrow.

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.