THE SHORT-TERM TREND IS NOT CLEAR, I HOLD TINY LONG POSITION OVERNIGHT FOR SPECULATION PLAY ONLY
Tomorrow is the most bullish day of the week recently as you can clear see from the chart below.
One interesting thing I noticed though, 5 out of 6 red FOMC days (see red arrow below) were followed by another red day since July 2008, so a red day tomorrow? The cases are too few to read much of course.
The short setup of Cobra Impulse System mentioned yesterday is no longer valid. The system holds no position now.
MECHANICAL TRADING SIGNALS:
DEMO ACCOUNT FOR SHORT-TERM MODEL:
| TICKER | Entry Date | Entry | Share | Stop Loss | Exit Date | Exit | Profit | Comment | | SSO | 06/22/2011 | $50.30 | 50 | $48.74 | | | | Half positioned, speculation play only. | | SSO | 06/21/2011 | $50.35 | 100 | $48.06 | 06/21/2011 | $51.10 | 75.00 | | | SDS | 06/20/2011 | $22.06 | 100 | $21.54 | 06/21/2011 | $21.46 | -60.00 | Not fully positioned, may add on the way up. | | SDS | 06/16/2011 | $22.37 | 200 | $21.54 | 06/16/2011 | $22.65 | 56.00 | | | SDS | 06/15/2011 | $22.23 | 100 | $21.54 | 06/20/2011 | $22.29 | 6.00 | Not fully positioned, may add on the way up. | | SSO | 06/14/2011 | $50.23 | 100 | $48.64 | 06/14/2011 | $50.45 | 22.00 | | | SDS | 06/13/2011 | $22.40 | 100 | $21.54 | 06/15/2011 | $22.58 | 18.00 | Not fully positioned, may add on the way up. | | SDS | 06/09/2011 | $21.80 | 100 | $21.11 | 06/10/2011 | $22.23 | 43.00 | Not fully positioned, may add on the way up. | | SDS | 06/08/2011 | $22.02 | 200 | $21.11 | 06/08/2011 | $22.18 | 32.00 | | | SDS | 06/06/2011 | $21.57 | 100 | $21.11 | 06/13/2011 | $22.36 | 79.00 | | | SDS | 06/06/2011 | $21.57 | 200 | $20.85 | 06/06/2011 | $21.93 | 72.00 | | | SDS | 06/01/2011 | $20.61 | 100 | $20.05 | 06/03/2011 | $21.53 | 92.00 | | | SSO | 05/27/2011 | $53.70 | 100 | $52.13 | 06/02/2011 | $52.13 | -157.00 | Mistakenly closed the 05/26 long, bought back. | | SDS | 05/25/2011 | $20.92 | 200 | $20.05 | 06/02/2011 | $21.15 | 46.00 | Not fully positioned, may add on the way up. | | LAST | | | | | | | 1692.00 | | | SUM | | | | | | | 2016.00 | | |
- $200 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance.
- The short-term model is not a part of Cobra Impulse System.
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