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.
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