THE TREND IS UP AS PER SHORT-TERM MODEL, HOLDING BOTH LONG AND SHORT (TRAPPED) OVERNIGHT
The bottom line, although up 4 days in a row, but overall the rebound is weaker than the previous one, so the big picture still is down. Just in the short-term before seeing any obvious weakness I’m more willing to bet on the long side.
A short setup is triggered according to TradingMarkets which claimed to have 68% chances.
The short setup of the Cobra Impulse System wasn’t confirmed today and no longer valid and it’s time to set the stop loss to breakeven.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM |
ENTRY |
STOP LOSS |
Current 2*ATR(10) value: SSO=10%; SDS=12%; UPRO=15%;SPXU=18% |
| Non-Stop |
08/25 L |
N/A |
Long is risky when long term signals are on the sell side. |
| Cobra Impulse |
09/07 L |
*Breakeven |
*Adjust stop 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 |
| SSO |
09/15/2011 |
$43.00 |
50 |
$38.27 |
09/15/2011 |
$43.53 |
26.50 |
|
| SSO |
09/14/2011 |
$41.45 |
50 |
*$38.27 |
|
|
|
|
| SSO |
09/13/2011 |
$40.51 |
50 |
$35.65 |
09/13/2011 |
$40.88 |
18.50 |
|
| SDS |
09/13/2011 |
$24.03 |
100 |
$21.39 |
|
|
|
|
| SDS |
09/02/2011 |
$24.35 |
100 |
$21.43 |
09/13/2011 |
$23.48 |
3.00 |
|
| 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 |
|
|
|
|
|
|
2720.00 |
|
|
- $300 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
|
