Cobra's Market View

Let's see whether for the 6th time bears still couldn't make 3 consecutive down days (red arrows).

It's a hollow red bar and the pullback has been slow so the chances don't look good for bears. (Well, maybe ironically this time bears do get chances which then again proves candlestick patterns mostly don't work)

A typical down in the morning then up and up till the close day.


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.

Going to sell this push up if they get to 5220.00, 6 point stop

Exiting both June es at 5205.00