01/07/2020 Market Recap

[Cobra]

No follow through of the yesterday's strong bull bar but I'll give bulls one more day, let's see tomorrow.

[Cobra]

SUMMARY:

Called the low was in right, but it's a typical range day where nothing lasted so made several other blah blah, cannot say they're wrong but they certainly didn't go as I expected exactly.

NOTE:

Right - called the low was in and range day here (viewtopic.php?f=2&t=3815&p=276247#p276247).

Right but I thought it'd go much higher while instead if failed quickly, typical range day behavior - called double bottom here (viewtopic.php?f=2&t=3815&p=276261#p276261).

N/A - didn't notice the double top until now, didn't expect it to go far though which was right (viewtopic.php?f=2&t=3815&p=276264#p276264).

Wrong - thought the low was finally in that we'd see a new day high as the rebound so far was very strong (viewtopic.php?f=2&t=3815&p=276267#p276267).

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.

• 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.