SHORT-TERM MODEL THINKS THE TREND IS UP, HOLDING TRAPPED SHORT POSITION OVERNIGHT
The bottom line, I expect some weakness tomorrow morning, then we’ll see.
The long setup of Cobra Impulse System was confirmed today. The short setup is not confirmed but the system will try to sell short tomorrow, see table below for more details.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM | ENTRY | STOP LOSS | Current 2*ATR(10) value: SSO=11%; SDS=11%; UPRO=17%;SPXU=16% | | Non-Stop | 09/23 S | N/A | | | Cobra Impulse | *09/26 L | 1.7*ATR(10) | *Long position initiated on 09/26.
*Short if below 09/26 low and close red tomorrow. Stop loss = 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 | | SDS | 09/23/2011 | $25.44 | 100 | $22.90 | | | | New strategy, half positioned for risk $500 max. | | SSO | 09/20/2011 | $43.68 | 50 | $39.31 | 09/20/2011 | $44.06 | 19.00 | | | SSO | 09/15/2011 | $43.00 | 50 | $38.27 | 09/15/2011 | $43.53 | 26.50 | | | SSO | 09/14/2011 | $41.45 | 50 | $39.31 | 09/22/2011 | $38.09 | -168.00 | Gap down, manual stop loss used. | | SSO | 09/13/2011 | $40.51 | 50 | $35.65 | 09/13/2011 | $40.88 | 18.50 | | | SDS | 09/13/2011 | $24.03 | 100 | $21.39 | 09/22/2011 | $26.25 | 222.00 | | | SDS | 09/02/2011 | $24.35 | 100 | $21.43 | 09/13/2011 | $23.48 | 3.00 | | | SDS | 09/01/2011 | $22.94 | 100 | $19.96 | 09/01/2011 | $23.01 | 7.00 | | | SSO | 08/30/2011 | $44.09 | 50 | $38.69 | 09/12/2011 | $38.69 | -270.00 | Gap down, manual stop loss used. | | LAST | | | | | | | 2935.00 | | | SUM | | | | | | | 2793.00 | | |
- $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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