THE SHORT-TERM TREND IS DOWN, I HOLD BOTH LONG (TRAPPED) AND SHORT OVER THE WEEKEND
The bottom line, it’s very rare today’s low is the low.
No idea about the next Monday, seasonality seems not very bull friendly.
Cobra Impulse System is trying to buy dip here if break above today’s high and close in green the next Monday.
Enjoy your weekend!
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM |
ENTRY |
STOP LOSS |
Current 2*ATR(10) value: SSO=15%; SDS=12%; UPRO=24%;SPXU=17% |
| Non-Stop |
08/02 S |
N/A |
Short is for aggressive traders only. |
| Cobra Impulse |
08/17 L |
1.7*ATR(10) |
Stopped out of long position on 08/18 with loss.
*Long if break above 08/19 high and close green the next Monday. 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 |
| SDS |
08/19/2011 |
$26.70 |
100 |
$23.50 |
|
|
|
Hold until the 1st failure, not because it’s safe. |
| SDS |
08/18/2011 |
$25.52 |
100 |
$22.46 |
08/19/2011 |
$26.81 |
129.00 |
|
| SSO |
08/17/2011 |
$42.60 |
50 |
$37.49 |
|
|
|
Not a new setup, just a buyback of 08/16 longs. |
| SSO |
08/16/2011 |
$42.82 |
50 |
$35.54 |
08/17/2011 |
$43.40 |
29.00 |
|
| 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 |
|
|
|
|
|
|
3159.00 |
|
|
- $300 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
|
