08/16/2011 Trading Signals

THE SHORT-TERM TREND IS UP, I HOLD LONG POSITION (TRAPPED) OVERNIGHT

Key day tomorrow, only proves what we had so far was merely a rebound if down day again tomorrow, while up day then the guess game is still on – rebound or the bull market new high ahead?

Cobra Impulse System had a short position initiated today but if break above today’s high and close green tomorrow then the short position should be closed while a long position be opened and the system be officially in buy mode. So again, kind of key day tomorrow.

MECHANICAL TRADING SIGNALS

SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=17%; SDS=18%; UPRO=25%;SPXU=28% Non-Stop 08/02 S N/A Short is for aggressive traders only. Cobra Impulse 08/16 S 2*ATR(10) *Short position initiated on 08/16. But should close short and take long if break above 08/16 high and close in green tomorrow. The stop loss is 1.7*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 08/16/2011 $42.82 50 $35.54   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   3010.00

$500 max loss allowed per trade. For fun only. LAST = Year to the last month balance. SUM = Year to date realized gains/losses.