05/02/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


THE BOTTOM LINE, THE SHORT-TERM TREND IS UP, I HOLD LONG POSITION OVERNIGHT.

No idea about tomorrow but my guess is that today’s high will be revisited in the short-term. Such a revisit, if so, might be a good chance to unload some of your longs because I still cannot exclude the possibilities that we’re topped around here.

Depends on your entry, your position following the Cobra Impulse System may get stopped out today, that’s OK, because strictly according to my original design, the long position should be stopped out today. In reality, though, the system still holds the position. This is the limitation of the back test software as I cannot back test the exact entry and exit price so in most cases the middle prices are used.

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MECHANICAL TRADING SIGNALS: 

TREND MOMENTUM COMMENT
Long-term 2 of 2 BUY
Intermediate 4 of 5 BUY 5 of 5 NEUTRAL Cobra Impulse in BUY mode; Non-Stop in BUY mode.
Short-term 6 of 6 NEUTRAL
SPY SYSTEM ENTRY STOP LOSS INSTRUCTION: back test is HERE, signals are HERE.
Non-Stop 04/28 L N/A
CI Buy & Hold 04/28 L N/A
CI Swing 04/28 L Breakeven

DEMO ACCOUNT FOR SHORT-TERM MODEL:

TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment
SSO 04/20/2011 $53.62 100 $54.73  
LAST 1387.00  
SUM 1387.00  
  • $200 max loss allowed per trade. For fun only.
  • LAST = Year to the last month balance.
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