THE SHORT-TERM TREND IS DOWN, I HOLD BOTH LONG (TRAPPED) AND SHORT OVERNIGHT
76% or 67% chances are green day tomorrow, but GENERALLY the pullback shouldn’t be over yet as I see only the very 1st down leg on the SPY 60 min chart, so at least missing one more leg down.
Cobra Impulse System initiated another short position today. Just a reminder though, the short setup had only 68% winning rate.
MECHANICAL TRADING SIGNALS:
DEMO ACCOUNT FOR SHORT-TERM MODEL:
| TICKER | Entry Date | Entry | Share | Stop Loss | Exit Date | Exit | Profit | Comment | | SDS | 06/01/2011 | $20.61 | 100 | $20.05 | | | | | | SSO | 05/27/2011 | $53.70 | 100 | $52.13 | | | | Mistakenly closed the 05/26 long, bought back. | | SDS | 05/25/2011 | $20.92 | 200 | $20.05 | | | | Not fully positioned, may add on the way up. | | LAST | | | | | | | 1692.00 | | | SUM | | | | | | | 1692.00 | | |
- $200 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance.
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