09/30/2020 Market Recap

[Cobra]

Shooting start plus volume surge could mean a pullback. Today's bar favors bears a little bit.

[Cobra]

SUMMARY:

Recognized uptrend day in time but didn't see the last hour sharp drop which is very rare for an uptrend day so no complain.

NOTE:

N/A- explained how I'd judge uptrend day here (viewtopic.php?f=2&t=4234&p=287786#p287786).

Right - I actually believed it'd be an uptrend day here (viewtopic.php?f=2&t=4234&p=287788#p287788).

Right - uptrend day officially confirmed here (viewtopic.php?f=2&t=4234&p=287794#p287794).

Right - called the pullback would be bought here (viewtopic.php?f=2&t=4234&p=287804#p287804).

N/A - a reminder of a possible resistance here (viewtopic.php?f=2&t=4234&p=287809#p287809).

Right - called a pullback but I didn't see it'd be a sharp selling (viewtopic.php?f=2&t=4234&p=287812#p287812).

N/A - just a follow up, the previous call that the pullback would be bought was invalidated here (viewtopic.php?f=2&t=4234&p=287816#p287816).

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.

[JFR]

SPY daily. Birds on a wire. Waiting. Watching.

[Cobra]

SPY daily. Birds on a wire. Waiting. Watching.

Screenshot_20200930_144029.jpg

So you agree, hard to see up or down from here? I like "birds on a wire", vivid

[JFR]

SPY daily. Birds on a wire. Waiting. Watching.

So you agree, hard to see up or down from here? I like "birds on a wire", vivid

Yeah. LOL. Candlesticks are beautiful to some chartwatchers. Bird(s) on a wire. After all the charts we have looked at, some things occur. That was a movie, and also a Leonard Cohen song.

Definitely hard to say up or down. Mixed signals. PnF up slightly, but no breakout. Elder bars look promising. Renko bars, not shown, are down. Anything can happen as we know. So for me, I will be waiting and watching, like those birds on a wire. Ha ha

[Cobra]

SPY daily. Birds on a wire. Waiting. Watching.

So you agree, hard to see up or down from here? I like "birds on a wire", vivid

I will be waiting and watching, like those birds on a wire. Ha ha

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