THE SHORT-TERM TREND IS DOWN, I HOLD SHORT POSITION OVERNIGHT

No solid evidence for tomorrow but my guess is it’d continue down. Subject to change at any time of course.

Another TradingMarkets long setup was triggered today which claimed to have over 80% winning rate. So include yesterday, we should have total 3 different long setups triggered. If you chose to follow, be sure to follow only one and try your best not to average down.

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And the error data I mentioned yesterday was fixed today by StockFinder (not fixed on StockCharts though) based on which I developed the Cobra Impulse System, so officially the Cobra Impulse System should still hold the short today and the stop loss be set to breakeven.

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MECHANICAL TRADING SIGNALS: 

  TREND MOMENTUM COMMENT
Long-term 2 of 2 BUY    
Intermediate 5 of 5 SELL 5 of 5 NEUTRAL Cobra Impulse in SELL mode; Non-Stop in SELL mode.
Short-term   6 of 6 NEUTRAL  
SPY SYSTEM ENTRY STOP LOSS INSTRUCTION: back test is HERE, signals are HERE.
Non-Stop 05/10 S N/A Short is for aggressive traders only.
CI Buy & Hold 05/17 S N/A  
CI Swing 05/17 S  Breakeven  

DEMO ACCOUNT FOR SHORT-TERM MODEL:

TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment
SDS 05/23/2011 $20.93 200 $20.05  
SSO 05/20/2011 $54.61 100 $52.74 05/23/2011 $52.41 -221.00 Gap down, manual stop loss used.
SSO 05/18/2011 $54.27 100 $52.74 05/18/2011 $54.65 38.00  
SDS 05/16/2011 $20.51 400 $19.97 05/23/2011 $20.88  148.00  
SDS 05/13/2011 $20.38 300 $19.97 05/13/2011 $20.43 15.00 Half positioned.
SSO 05/12/2011 $54.70 50 $53.49 05/12/2011 $55.26 28.00  
SSO 05/10/2011 $55.50 50 $55.12 05/10/2011 $55.99  24.50  
SDS 05/09/2011 $20.40 300 $19.47 05/12/2011 $20.44 12.00  
SSO 05/06/2011 $55.49 50 $53.49 05/12/2011 $55.18 -15.50 Half positioned.
SDS 05/06/2011 $20.17 200 $19.47 05/06/2011 $20.40 46.00 Half positioned.
SDS 05/04/2011 $20.12 200 $19.47 05/09/2011 $20.25 26.00 Half positioned.
SDS 05/03/2011 $19.94 300 $19.47 05/03/2011 $19.98 12.00 Half positioned.
SSO 04/20/2011 $53.62 100 $54.73 05/04/2011 $54.73 111.00  
LAST   1387.00  
SUM   1614.00  
  • $200 max loss allowed per trade. For fun only.
  • LAST = Year to the last month balance.