THE SHORT-TERM TREND IS DOWN, I HOLD NO POSITION OVERNIGHT
The bottom line, there’re some evidences that a tradable bottom was in (pay attention here, it’s not the “the low” was in). I’ll, as usual, present my witnesses in tonight’s report.
The bottom fish setup from Cobra Impulse System failed today, the long position was stopped out with losses, which is the very first time for the last 2,000 trading days (1 out of 13 failures). I’ll review the algorithm to see if the system can avoid such a failure the next time.
MECHANICAL TRADING SIGNALS |
SPY SYSTEM |
ENTRY |
STOP LOSS |
Current 2*ATR(10) value: SSO=6%; SDS=6%; UPRO=9%;SPXU=8% |
Non-Stop |
08/02 S |
N/A |
Short is for aggressive traders only. |
Cobra Impulse |
08/01 L |
1.7*ATR(10) |
*Stop out of long position on 08/03 with loss. |
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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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