11/03/2023 Market Recap

[Cobra]

Huge gap again today and long up shadow and relatively smaller body so a pullback should be due as early as the next Monday. I'll say Tuesday as Monday has been magically up remember? The pullback, may just be a day or two, of course would be bought.

[Cobra]

The magic up Monday:

[Cobra]

The last comment said everything about today's trade. I, the chicken, sit there whole day debating whether I should long or not while skipping good setup one by one then finally I decided to take a nap...
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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]

If I may mr Great Snake, check 24th Februrary 2022, SPX than moved in just 2 days from 4106 to 4388, now market with help of FED and "bad NFP" was only able to move 4103 to 4373. Can you explain to simple people how the hell this is strng move?

[Cobra]

If I may mr Great Snake, check 24th Februrary 2022, SPX than moved in just 2 days from 4106 to 4388, now market with help of FED and "bad NFP" was only able to move 4103 to 4373. Can you explain to simple people how the hell this is strng move?

To me the more consecutive good looking bull bars then stronger the trend. The size it moved within short period of time is the 2nd factor. So based on this, I think the move this time is stronger. On Feb 2022, I wasn't even sure whether the low was in. This time, at least I won't argue, although I do think the market is crazy but when it isn't?