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

76% or 67% chances are green day tomorrow, but GENERALLY the pullback shouldn’t be over yet as I see only the very 1st down leg on the SPY 60 min chart, so at least missing one more leg down.

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Cobra Impulse System initiated another short position today. Just a reminder though, the short setup had only 68% winning rate.

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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 Swing *06/01 S 2*ATR(10) *Short position initiated on 06/01.

DEMO ACCOUNT FOR SHORT-TERM MODEL:

TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment
SDS 06/01/2011 $20.61 100 $20.05  
SSO 05/27/2011 $53.70 100 $52.13 Mistakenly closed the 05/26 long, bought back.
SDS 05/25/2011 $20.92 200 $20.05 Not fully positioned, may add on the way up.
LAST   1692.00  
SUM   1692.00  
  • $200 max loss allowed per trade. For fun only.
  • LAST = Year to the last month balance.