05/16/2011 Trading Signals

THE SHORT-TERM TREND IS DOWN, I HOLD SHORT POSITION OVERNIGHT

Doesn’t feel good about the market action today but no decisive breakdown yet and the selling was not broad based, so need see tomorrow.

Potential short setup for Cobra Impulse System, need 2 conditions to confirm the trade though. Well, I know, sometimes wait until the close to confirm the trade would be too late, but take a position intraday does need some experiences. Guess we’ll have to live with this until I figure out a better way to confirm a signal.

1. Breakdown below today’s low.
2. Eventually close in red.

MECHANICAL TRADING SIGNALS: 

	TREND	MOMENTUM	COMMENT
Long-term	2 of 2 BUY
Intermediate	3 of 5 SELL	5 of 5 NEUTRAL	Cobra Impulse in BUY mode; Non-Stop in SELL mode.
Short-term		6 of 6 NEUTRAL
SPY SYSTEM	ENTRY	STOP LOSS	INSTRUCTION: back test is HERE, signals are HERE.
Non-Stop	05/10 S	N/A	Short is for aggressive traders only.
CI Buy & Hold	04/28 L	N/A	*Close long and start short if break below 05/16 low and close in red tomorrow.
CI Swing			*Short if break below 05/16 low and close in red tomorrow. The stop loss will be 2.0 * ATR(10).

DEMO ACCOUNT FOR SHORT-TERM MODEL:

TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment SDS 05/16/2011 $20.51 400 $19.97         SDS 05/13/2011 $20.38 300 $19.97 05/13/2011 $20.43 15.00 Half positioned. SSO 05/12/2011 $54.70 50 $53.49 05/12/2011 $55.26 28.00   SSO 05/10/2011 $55.50 50 $55.12 05/10/2011 $55.99  24.50   SDS 05/09/2011 $20.40 300 $19.47 05/12/2011 $20.44 12.00   SSO 05/06/2011 $55.49 50 $53.49 05/12/2011 $55.18 -15.50 Half positioned. SDS 05/06/2011 $20.17 200 $19.47 05/06/2011 $20.40 46.00 Half positioned. SDS 05/04/2011 $20.12 200 $19.47 05/09/2011 $20.25 26.00 Half positioned. SDS 05/03/2011 $19.94 300 $19.47 05/03/2011 $19.98 12.00 Half positioned. SSO 04/20/2011 $53.62 100 $54.73 05/04/2011 $54.73 111.00   LAST   1387.00   SUM   1649.00

$200 max loss allowed per trade. For fun only. LAST = Year to the last month balance.