THE SHORT-TERM TREND IS DOWN, I HOLD SHORT POSITION OVERNIGHT
The close doesn’t feel good but we still have to wait until tomorrow for the next chapter. Seasonality is bullish for tomorrow if you still remember my weekend report.
The rebound today was enough to stop out the short held by Cobra Impulse System, however if breaks down below today’s low and closes in red tomorrow, it’s another short. By the way, see that red signal bar? That’s Cobra Impulse, the system is mostly based on such kind of impulse move.
MECHANICAL TRADING SIGNALS:
DEMO ACCOUNT FOR SHORT-TERM MODEL:
TICKER |
Entry Date |
Entry |
Share |
Stop Loss |
Exit Date |
Exit |
Profit |
Comment |
SDS |
05/25/2011 |
$20.92 |
200 |
$20.21 |
|
|
|
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 |
|
|
|
|
|
|
1658.00 |
|
|
- $200 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance.
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