THE SHORT-TERM TREND IS DOWN, I HOLD NO POSITION OVERNIGHT
SPX down 6 days in a row, there are not many cases since the last 2,000 trading days, so I have to use the last 5,000 trading days, seems to buy at today’s close, sell at close tomorrow you have 80% chances.
The Cobra Impulse System bought dip today as instructed in 07/29 Trading Signals. The system however is still in sell mode, which means officially the intermediate-term trend is still down and if the dip couldn’t be profitable for more than 3 days, the system would try to sell short again.
MECHANICAL TRADING SIGNALS |
SPY SYSTEM |
ENTRY |
STOP LOSS |
Current 2*ATR(10) value: SSO=6%; SDS=6%; UPRO=9%;SPXU=8% |
Non-Stop |
07/22 L |
N/A |
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Cobra Impulse |
*08/01 L |
1.7*ATR(10) |
*Long initiated on 08/01. The system, however, is still in sell mode. |
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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 |
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LAST |
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2248.50 |
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SUM |
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2248.50 |
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- $300 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
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