THE SHORT-TERM TREND IS UP, NOT CONFIRMED THOUGH, I HOLD BOTH LONG (TRAPPED) AND SHORT (TRAPPED) OVERNIGHT
The bottom line, I don’t expect another big up day tomorrow if not red. I’ll present my witnesses in tonight’s report.
The long setup mentioned on 08/22 was confirmed today, Cobra Impulse System now holds long position overnight.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM | ENTRY | STOP LOSS | Current 2*ATR(10) value: SSO=13%; SDS=13%; UPRO=21%;SPXU=19% | | Non-Stop | 08/02 S | N/A | Short is for aggressive traders only. | | Cobra Impulse | *08/23 L | *1.7*ATR(10) | *Long initiated on 08/23. | |
| 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 | | SDS | 08/19/2011 | $26.70 | 100 | *$23.17 | | | | Hold until the 1st failure, not because it’s safe. | | SDS | 08/18/2011 | $25.52 | 100 | $22.46 | 08/19/2011 | $26.81 | 129.00 | | | SSO | 08/17/2011 | $42.60 | 50 | $37.49 | | | | Not a new setup, just a buyback of 08/16 longs. | | SSO | 08/16/2011 | $42.82 | 50 | $35.54 | 08/17/2011 | $43.40 | 29.00 | | | SSO | 08/15/2011 | $42.86 | 50 | $35.14 | 08/15/2011 | $43.26 | 20.00 | | | 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 | | | | | | | 3159.00 | | |
- $300 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
|
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.
