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07/12/2021 Market Recap

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Cobra
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07/12/2021 Market Recap

Post by Cobra »

Not a bad bull follow through so maybe still some up rooms.
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Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/12/2021 Market Recap

Post by Cobra »

3.png
Pennant call failed. It usually has 51% chance anyway.
viewtopic.php?f=2&t=4685&p=295968#p295968

The breakout pattern has been so obvious so the call was right eventually.
viewtopic.php?f=2&t=4685&p=295971#p295971
viewtopic.php?f=2&t=4685&p=295973#p295973
viewtopic.php?f=2&t=4685&p=295974#p295974

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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