03/20/2025 Market Reap

[Cobra]

3 long upper shadow testing MA200 (green curve) meaning the rebound was rejected 3 times so tomorrow might be bear's turn to try the downside. However, if tomorrow bulls are able to test the MA200 again, at least personally I won't bet they'll be rejected again the 4th time.

In case you don't know what "Shadow" is:

CandlestickTern.jpg (10.57 KiB) Viewed 2351 times

[Cobra]

Very misleading day as the morning sharp up made me think there'd be another leg up. I can see lots of bull traps along the way down the rest of the day, hopefully day trading bulls were fine today.

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.