03/09/2023 Market Recap

[Cobra]

The sharp down today confirmed the lower high (red arrow) so bias is down. Tomorrow perhaps the Non Farm Payroll data is the bulls' last hope, let's see whether it can turn the tide. Today's sharp down probably is in anticipating a very good job data tomorrow therefore the coming rate hike would be 0.5. The questions is, was today's sharp sell off overdone?

[Cobra]

Started like a range day but eventually it turned out to be a downtrend day.
viewtopic.php?f=2&t=5622&p=312782#p312782

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.

[Out of Bounds]

I don't post any more but thought it would be good to put out this warning to you all