Back to www.cobrasmarketview.com

   

04/19/2021 Market Recap

04/19/2021 Market Recap

Postby Cobra » Mon Apr 19, 2021 4:37 pm

Down 1 day doesn't mean anything, let's see whether bears can make a strong follow through tomorrow on which I won't count anyway. I don't expect bulls to repeat the Apr 15 huge up as well though.

spy.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 50310
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/19/2021 Market Recap

Postby Cobra » Mon Apr 19, 2021 4:41 pm

3.png

The first low was in call failed. It was a perfect 3 push down pattern, didn't expect it to have a 3rd leg down.
viewtopic.php?f=2&t=4556&p=293828#p293828

The 2nd low was in call was just "not wrong" but I actually expect it to go much higher.
viewtopic.php?f=2&t=4556&p=293836#p293836

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.

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 50310
Joined: Sat Feb 12, 2011 10:29 pm


Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot] and 12 guests