THE SHORT-TERM TREND IS UP, I HOLD NO POSITION OVERNIGHT
Slightly bearish biased toward tomorrow, at least not expecting another huge up day, if not red. Two reasons:
The short position held by Cobra Impulse System was stopped out today with gains. But if SPY breakdown below today’s low and close in red tomorrow, then it’s another short which had 70% winning rate for the past 2,000 trading days.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM | ENTRY | STOP LOSS | Current 2*ATR(10) value: SSO=18%; SDS=14%; UPRO=30%;SPXU=19% | | Non-Stop | 08/02 S | N/A | Short is for aggressive traders only. | | Cobra Impulse | 08/04 S | 08/08 High | *Stopped out of short position on 08/11 with gains. Also to enter short if break below 08/11 low and close in red tomorrow. The stop loss is 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 | 08/11/2011 | $40.16 | 50 | $32.93 | 08/11/2011 | $41.53 | 68.50 | Position too small to split, could hold overnight. | | SDS | 08/08/2011 | $25.94 | 100 | $23.61 | 08/08/2011 | $26.58 | 64.00 | Had to leave earlier today so sold too soon. | | SDS | 08/04/2011 | $23.13 | 100 | $21.51 | 08/09/2011 | $28.35 | 522.00 | | | SDS | 08/04/2011 | $23.13 | 100 | $21.51 | 08/04/2011 | $24.00 | 87.00 | | | LAST | | | | | | | 2248.50 | | | SUM | | | | | | | 2990.00 | | |
- $500 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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