THE SHORT-TERM TREND IS UP, I HOLD BOTH LONG AND SHORT (TRAPPED) OVERNIGHT
Although a little too early to claim bear, but I think I’ve gathered enough evidences arguing for at least some short-term weakness ahead. I’ll as usual, present my witnesses in tonight’s report, stay tuned.
Those who follow Cobra Impulse System, the short setup is not confirmed today but still valid for tomorrow, see table below for detailed instructions. Please note the short is for aggressive traders only as the winning rate was only 69% for the past 2,000 trading days.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM | ENTRY | STOP LOSS | Current 2*ATR(10) value: SSO=6%; SDS=5%; UPRO=8%;SPXU=8% | | Non-Stop | 07/15 S | N/A | Short is for aggressive traders only. | | Cobra Impulse | | | *Short if breakdown below 07/20 low tomorrow and close in red.
*The stop loss will be 2*ATR(10). | |
| DEMO ACCOUNT FOR SHORT-TERM MODEL (Attention: This is not part of Cobra Impulse System) |
| TICKER | Entry Date | Entry | Share | Stop Loss | Exit Date | Exit | Profit | Comment | | SSO | 07/19/2011 | $52.79 | 50 | $49.62 | | | | | | SSO | 07/19/2011 | $52.79 | 50 | $49.62 | 07/19/2011 | $53.40 | 30.50 | | | SDS | 07/14/2011 | $20.65 | 300 | $19.62 | 07/14/2011 | $20.94 | 87.00 | | | SDS | 07/13/2011 | $20.50 | 200 | $19.27 | 07/13/2011 | $20.63 | 26.00 | | | SDS | 07/11/2011 | $20.37 | 100 | $19.62 | | | | | | SDS | 07/11/2011 | $20.37 | 100 | $19.15 | 07/11/2011 | $20.60 | 23.00 | | | SSO | 07/08/2011 | $54.84 | 50 | $52.10 | 07/14/2011 | $52.10 | 137.00 | Speculation play, half positioned. | | SSO | 07/07/2011 | $55.46 | 100 | $52.69 | 07/07/2011 | $55.76 | 30.00 | | | SSO | 07/06/2011 | $54.22 | 100 | $51.51 | 07/06/2011 | $54.34 | 12.00 | | | SSO | 07/01/2011 | $53.90 | 100 | $51.21 | 07/01/2011 | $54.50 | 60.00 | New stop loss strategy: 2*ATR(10) used. | | SSO | 06/22/2011 | $50.30 | 50 | $52.69 | 07/11/2011 | $53.42 | 156.00 | | | LAST | | | | | | | 1905.00 | | | SUM | | | | | | | 2192.50 | | |
- $300 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
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