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09/28/2021 Market Recap

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Cobra
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09/28/2021 Market Recap

Post by Cobra »

See comment on the chart, should be easier to understand what I mean. The May bar was a hollow red bar indicating an intraday reversal so it was clearer than that of now that the revisit of the previous low was done and successful. Today's bear was not a typical bottom bar but the volume was good enough so less chances but still some chances (40%?) the revisit was done or near done (another morning dip tomorrow to scare everyone then reversal).
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Cobra
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Posts: 58334
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/28/2021 Market Recap

Post by Cobra »

4.png
No lesson learnt today, all calls were good. No evidences so made no comment but I guessed it'd close near the day low, because there won't be a good news from DC, politicians will not reach any deal until a few seconds before the deadline (usually a few hours after the deadline and requires an overnight vote), otherwise how to prove that they work very very hard for you?
viewtopic.php?f=2&t=4810&p=297812#p297812

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.

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