THE BOTTOM LINE, THE SHORT-TERM TREND IS UP, I HOLD LONG POSITION OVERNIGHT.
Although the T2122 I mentioned last night didn’t break above its 04/06 high (surprisingly enough, it dropped actually) but I have some other evidences arguing for a red day tomorrow which I’ll present in tonight’s report. For now the setup is to short on the 3rd last trading day of the month and cover on the last trading day of the month. Be careful, however, The setup failed twice recently though.
The Non-Stop Model is in buy mode now. I’ve mentioned several times before that the buy or sell signal from the model had only 50% winning rate. The model, likes other trend following systems, relies heavily on one long lasting trend to earn money. So again, a buy signal from Non-Stop Model doesn’t necessarily mean the market will be up.
Cobra Impulse System is a little tricky here. New high and close in green tomorrow would make the system go into buy mode and open its very first long position; but, on the other hand, breakdown below today’s low and close in red would make the system go short again.
INDICATORS AND MECHANICAL TRADING SIGNALS |
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- * = New update; Blue Text = Link to a chart in my public chart list.
- UP = Intermediate-term uptrend. Set when weekly buy signal is triggered.
- DOWN = Intermediate-term downtrend. Set when weekly sell signal is triggered.
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DEMO ACCOUNT FOR SHORT-TERM MODEL |
TICKER |
Entry Date |
Entry |
Share |
Stop Loss |
Exit Date |
Exit |
Profit |
Comment |
SSO |
04/27/2011 |
$55.22 |
100 |
$53.69 |
04/27/2011 |
$55.70 |
48.00 |
|
SSO |
04/25/2011 |
$53.99 |
100 |
$52.02 |
04/25/2011 |
$54.07 |
8.00 |
|
SSO |
04/20/2011 |
$53.62 |
100 |
*$53.69 |
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New strategy, always hold. |
SDS |
04/19/2011 |
$21.54 |
200 |
$20.95 |
04/20/2011 |
$20.72 |
-174.00 |
|
SDS |
04/14/2011 |
$21.24 |
100 |
$20.95 |
04/20/2011 |
$20.72 |
-52.00 |
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SDS |
04/13/2011 |
$21.19 |
300 |
$20.62 |
04/18/2011 |
$21.54 |
105.00 |
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SDS |
04/12/2011 |
$21.30 |
200 |
$20.45 |
04/13/2011 |
$21.40 |
20.00 |
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SSO |
04/11/2011 |
$53.16 |
100 |
$51.38 |
04/18/2011 |
$51.37 |
-179.00 |
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SDS |
04/11/2011 |
$20.93 |
200 |
$20.45 |
04/12/2011 |
$21.34 |
82.00 |
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SSO |
04/08/2011 |
$53.47 |
100 |
$51.57 |
04/11/2011 |
$53.58 |
11.00 |
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SDS |
04/07/2011 |
$20.71 |
400 |
$20.46 |
04/08/2011 |
$20.86 |
60.00 |
1st short, half positioned. |
SSO |
04/07/2011 |
$54.35 |
100 |
$53.09 |
04/08/2011 |
$54.36 |
1.00 |
|
SSO |
04/06/2011 |
$53.93 |
200 |
$53.09 |
04/06/2011 |
$54.13 |
40.00 |
|
SSO |
04/04/2011 |
$53.74 |
100 |
$53.09 |
04/08/2011 |
$54.00 |
26.00 |
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SSO |
04/01/2011 |
$54.00 |
100 |
$51.57 |
04/05/2011 |
$54.18 |
18.00 |
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SSO |
03/28/2011 |
$52.02 |
100 |
$49.91 |
04/01/2011 |
$54.09 |
207.00 |
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LAST |
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1158.00 |
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SUM |
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1379.00 |
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- $200 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance.
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