09/14/2022 Market Recap

[Cobra]

Doji today could mean either reversal or continuation, so will need see tomorrow. The market held better than the sell off on bad inflation data the previous time (red arrow).

[Cobra]

The measured move guess was wrong.
viewtopic.php?f=2&t=5352&p=307694#p307694

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.

[marcueus2]

Doji today could mean either reversal or continuation, so will need see tomorrow. The market held better than the sell off on bad inflation data the previous time (red arrow).

What do you mean by held better ?
Last time sell off was "only 4,97%" and now it was 5,89% - sell off is stronger now both in points and in %

[MrMiyagi]

Doji today could mean either reversal or continuation, so will need see tomorrow. The market held better than the sell off on bad inflation data the previous time (red arrow).

What do you mean by held better ?
Last time sell off was "only 4,97%" and now it was 5,89% - sell off is stronger now both in points and in %

He's clearly pointing to the day after. The bigass red arrow thingy.

[Cobra]

Doji today could mean either reversal or continuation, so will need see tomorrow. The market held better than the sell off on bad inflation data the previous time (red arrow).

What do you mean by held better ?
Last time sell off was "only 4,97%" and now it was 5,89% - sell off is stronger now both in points and in %

He's clearly pointing to the day after. The bigass red arrow thingy.

Yeap, right. But actually because the selling this time was bigger than the previous time so the rebound a little bit yesterday didn't mean it held better, should be the same as the previous time.