THE SHORT-TERM TREND IS DOWN, I HOLD BOTH LONG (TRAPPED) AND SHORT OVERNIGHT
Bullish biased toward tomorrow for 2 reasons:
- TICK closed below –1,000.
- Major Distribution Day (NYSE Down Volume : NYSE Up Volume >= 9).
Two TradingMarkets long setups were triggered today, both claimed to have above 80% winning rate.
And potential long and short setup for Cobra Impulse System as well, see table below for more details.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM | ENTRY | STOP LOSS | Current 2*ATR(10) value: SSO=5%; SDS=5%; UPRO=7%;SPXU=8% | | Non-Stop | 07/22 L | N/A | | | Cobra Impulse | | | *Long if break above 07/27 high and close in green tomorrow.
*Short if break below 07/27 low and close in red tomorrow.
*The stop loss for long is 1.7*ATR(10) for short is 2.0*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 | 07/25/2011 | $54.79 | 50 | $51.50 | | | | Speculation play, half positioned. | | SSO | 07/21/2011 | $54.06 | 100 | $50.82 | 07/21/2011 | $54.84 | 78.00 | | | SSO | 07/19/2011 | $52.79 | 50 | $50.82 | 07/25/2011 | $54.57 | 89.00 | | | 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 | | | | | | | 2359.50 | | |
- $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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