THE SHORT-TERM TREND IS DOWN, I HOLD PARTIAL SHORT POSITION OVER THE WEEKEND
The bottom line, most likely the low wasn’t in yet although there’re some chances the strong rebound I’ve been blah blah has started.
No idea about the next Monday, seasonality is a little bit bearish biased though as I see far more red lines than green lines in the chart below.
Cobra Impulse System has moved its stop loss to breakeven.
Enjoy your weekend.
MECHANICAL TRADING SIGNALS |
SPY SYSTEM |
ENTRY |
STOP LOSS |
Current 2*ATR(10) value: SSO=10%; SDS=7%; UPRO=15%;SPXU=10% |
Non-Stop |
08/02 S |
N/A |
Short is for aggressive traders only. |
Cobra Impulse |
08/04 S |
*Breakeven |
*Adjust stop loss. |
|
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 |
08/04/2011 |
$23.13 |
100 |
$21.51 |
|
|
|
|
SDS |
08/04/2011 |
$23.13 |
100 |
$21.51 |
08/04/2011 |
$24.00 |
87.00 |
|
LAST |
|
|
|
|
|
|
2248.50 |
|
SUM |
|
|
|
|
|
|
2335.50 |
|
|
- $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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