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.
|
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.