Cobra's Market View

Doji which has 50% chances leading to a reversal plus near the range low (lower blue line) therefore still at least 50% chances (Personally I give it 51% chances LOL) this is a range, the coming rebound would go all the way up to the range high. I'm not saying the next Tuesday would rebound when in fact I have no idea up or down. The common way is to briefly break the lower blue line then reverses up to make a classical "breakdown then reversal" pattern.

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.