THE BOTTOM LINE, THE SHORT-TERM TREND IS DOWN, I HOLD SHROT POSITION OVERNIGHT.
A little little bullish biased toward tomorrow because the Non Farm Payroll day was green 65% times recently.
Lot’s of short-term buy setup today.
SPX down 4 days in a row, buy at today’s close sell on the very first green day since year 2003, you have 91% chances. Just don’t forget the gain/loss ratio is pretty poor and it doesn’t guarantee a green day tomorrow.
A few of TradingMarkets long setups are triggered today. All claimed to have above 80% winning rate. I didn’t verify their claims though.
MECHANICAL TRADING SIGNALS:
DEMO ACCOUNT FOR SHORT-TERM MODEL:
TICKER |
Entry Date |
Entry |
Share |
Stop Loss |
Exit Date |
Exit |
Profit |
Comment |
SDS |
05/04/2011 |
$20.12 |
200 |
$19.47 |
|
|
|
Half positioned. |
SDS |
05/03/2011 |
$19.94 |
300 |
$19.47 |
05/03/2011 |
$19.98 |
12.00 |
Half positioned. |
SSO |
04/20/2011 |
$53.62 |
100 |
$54.73 |
05/04/2011 |
$54.73 |
111.00 |
|
LAST |
|
|
|
|
|
|
1387.00 |
|
SUM |
|
|
|
|
|
|
1510.00 |
|
|
- $200 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance.
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