Live Update

Thursday, August 18, 2011

08/18/2011 Trading Signals

THE SHORT-TERM TREND IS DOWN, I HOLD BOTH LONG (TRAPPED) AND SHORT OVERNIGHT

The bottom line, I don’t see the bottom line yet.

Bullish biased toward tomorrow for 2 reasons:

  • VIX rose more than 24%, buy at close today and sell tomorrow at close, you have 88% chances for the last 2,000 trading days.

2

  • 44 out 68 times (65%) a green day the next day after a Major Distribution Day.

1

As I was worried yesterday, the long position initiated by Cobra Impulse System yesterday was stopped out today with losses. I’ll review the algorithm to see if I could prevent such a losses in the future.

3

MECHANICAL TRADING SIGNALS
SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=14%; SDS=12%; UPRO=23%;SPXU=18%
Non-Stop 08/02 S N/A Short is for aggressive traders only.
Cobra Impulse 08/17 L 1.7*ATR(10) *Stopped out of long position with loss.
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 08/18/2011 $25.52 100 $22.46  
SSO 08/17/2011 $42.60 50 $37.49 Not a new setup, just a buyback of 08/16 longs.
SSO 08/16/2011 $42.82 50 $35.54 08/17/2011 $43.40 29.00  
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   3030.00  
  • $300 max loss allowed per trade. For fun only.
  • LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
blog comments powered by Disqus

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.