THE SHORT-TERM TREND IS NOT CLEAR, I HOLD BOTH LONG (TRAPPED) AND SHORT (TRAPPED) OVERNIGHT
I think bulls scored today, the chart looks promising – a successful back test of the previous low then sharp rebound, all bulls need the next is to make their first higher high to confirm indeed the low was in. The bears only hope is ChiOsc which looks way too high, but if this is the very beginning of a strong push up from a bottom, then very high ChiOsc only means the up momentum is strong. All in all, key day again tomorrow, but now bulls got the ball and are attacking…
MECHANICAL TRADING SIGNALS:
DEMO ACCOUNT FOR SHORT-TERM MODEL:
| TICKER | Entry Date | Entry | Share | Stop Loss | Exit Date | Exit | Profit | Comment | | SDS | 06/23/2011 | $22.45 | 100 | $21.34 | | | | Trend unclear, half positioned. | | SSO | 06/22/2011 | $50.30 | 50 | *$48.35 | | | | Sharp gap down, manual stop loss used. | | 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.
|
Disclaimer
The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.
This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.
