THE TREND IS NOT CLEAR FOR SHORT-TERM MODEL, HOLDING SHORT POSITION OVERNIGHT
The bottom line, I see bullish reversal bars everywhere, just the reversal was mostly in the last 30 minutes which usually WAS not a good sign, so let’s see if bulls can make any follow through tomorrow before making any bullish call.
Cobra Impulse System shows a potential short setup for tomorrow if break below today’s low and close in red. The short setup had only 69% winning rate for the last 2,000 trading days.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM | ENTRY | STOP LOSS | Current 2*ATR(10) value: SSO=12%; SDS=11%; UPRO=18%;SPXU=17% | | Non-Stop | 08/25 L | N/A | Long is risky when long term signals are on the sell side. | | Cobra Impulse | 09/07 L | 1.7*ATR(10) | *Short if below 09/12 low and close red tomorrow, stop loss = 2*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 | | SDS | 09/02/2011 | $24.35 | 100 | $21.43 | | | | | | SDS | 09/01/2011 | $22.94 | 100 | $19.96 | 09/01/2011 | $23.01 | 7.00 | | | SSO | 08/30/2011 | $44.09 | 50 | $38.69 | 09/12/2011 | $38.69 | -270.00 | Gap down, manual stop loss used. | | LAST | | | | | | | 2935.00 | | | SUM | | | | | | | 2672.00 | | |
- $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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