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06/18/2021 Market Recap

06/18/2021 Market Recap

Postby Cobra » Fri Jun 18, 2021 4:59 pm

Volume surge again, so still could be a rebound the next Monday, just it's closed near the low of the day so generally on the next Monday we'll have a lower low first at least before a possible rebound. If Monday simply keeps going down then be careful it's no longer the past bulls anymore, something changed.

spy.png

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Re: 06/18/2021 Market Recap

Postby Cobra » Fri Jun 18, 2021 5:01 pm

6.png

Downtrend day not confirmed, called the range low right mostly right until the last couple of minutes which shouldn't count.
viewtopic.php?f=2&t=4651&p=295415#p295415
viewtopic.php?f=2&t=4651&p=295424#p295424

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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