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.
|
