THE SHORT-TERM TREND IS UP, I HOLD BOTH LONG AND SHORT (TRAPPED) OVERNIGHT
I think pretty much everyone on Earth knows that the very 1st trading day of each month is very very (insert 100 very here) bullish, so guess the market is ready for another bull banquet tomorrow. I, however, has a little doubt, not necessarily tomorrow would be red, but chances are whatever upside we see tomorrow will be eliminated very soon. As usual, I’ll present my witness in tonight’s report which basically maintains my call in the weekend report – up but not without a fight.
For Cobra Impulse System, tomorrow is the key day – breaks above today’s high and closes in green, it’s long, while breaks down below today’s low and closes in red, it’s short.
MECHANICAL TRADING SIGNALS:
DEMO ACCOUNT FOR SHORT-TERM MODEL:
TICKER |
Entry Date |
Entry |
Share |
Stop Loss |
Exit Date |
Exit |
Profit |
Comment |
SSO |
05/27/2011 |
$53.70 |
100 |
$52.13 |
|
|
|
Mistakenly closed the 05/26 long, bought back. |
SSO |
05/26/2011 |
$53.24 |
200 |
$52.13 |
05/26/2011 |
$53.41 |
34.00 |
|
SDS |
05/25/2011 |
$20.92 |
200 |
$20.05 |
|
|
|
Not fully positioned, may add on the way up. |
SDS |
05/23/2011 |
$20.93 |
200 |
$20.05 |
05/25/2011 |
$21.15 |
44.00 |
|
SSO |
05/20/2011 |
$54.61 |
100 |
$52.74 |
05/23/2011 |
$52.41 |
-221.00 |
Gap down, manual stop loss used. |
SSO |
05/18/2011 |
$54.27 |
100 |
$52.74 |
05/18/2011 |
$54.65 |
38.00 |
|
SDS |
05/16/2011 |
$20.51 |
400 |
$19.97 |
05/23/2011 |
$20.88 |
148.00 |
|
SDS |
05/13/2011 |
$20.38 |
300 |
$19.97 |
05/13/2011 |
$20.43 |
15.00 |
Half positioned. |
SSO |
05/12/2011 |
$54.70 |
50 |
$53.49 |
05/12/2011 |
$55.26 |
28.00 |
|
SSO |
05/10/2011 |
$55.50 |
50 |
$55.12 |
05/10/2011 |
$55.99 |
24.50 |
|
SDS |
05/09/2011 |
$20.40 |
300 |
$19.47 |
05/12/2011 |
$20.44 |
12.00 |
|
SSO |
05/06/2011 |
$55.49 |
50 |
$53.49 |
05/12/2011 |
$55.18 |
-15.50 |
Half positioned. |
SDS |
05/06/2011 |
$20.17 |
200 |
$19.47 |
05/06/2011 |
$20.40 |
46.00 |
Half positioned. |
SDS |
05/04/2011 |
$20.12 |
200 |
$19.47 |
05/09/2011 |
$20.25 |
26.00 |
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 |
|
|
|
|
|
|
1692.00 |
|
|
- $200 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance.
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