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05/23/2022 Market Recap

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Cobra
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05/23/2022 Market Recap

Post by Cobra »

Bulls finally made 2 consecutive up days which is good, but so far the rebound is not strong enough (compare to the size of down days), so I'll need see another strong bull bar tomorrow in order to be convinced that the low was in. I haven't got all the data yet but so far looks like tomorrow unlike will go up again.
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User avatar
Cobra
Site Admin
Posts: 58336
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/23/2022 Market Recap

Post by Cobra »

4.png
The pullback indeed was bought but it took much longer time than I thought.
viewtopic.php?f=2&t=5179&p=304700#p304700

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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.
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