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09/21/2021 Market Recap

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Cobra
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09/21/2021 Market Recap

Post by Cobra »

Failed rebound today so maybe tomorrow bears will try on the downside? Whether can they success, let's wait and see.
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User avatar
Cobra
Site Admin
Posts: 58334
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/21/2021 Market Recap

Post by Cobra »

6.png
Failed downtrend day call, once again reminds me that if the trend is mostly within the previous day's range, better treat it as a range day.
viewtopic.php?f=2&t=4799&p=297676#p297676

Good call of the pullback was near over. I saw a potential 3 push down therefore thought the pullback was "near" over, I actually expected another small leg down to complete 3 push down though so kind of lucky.
viewtopic.php?f=2&t=4799&p=297686#p297686

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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