05/03/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


THE BOTTOM LINE, THE SHORT-TERM TREND IS DOWN, NOT CONFIRMED THOUGH, SO I STILL HOLD LONG POSITION OVERNIGHT.

No idea about the short-term direction now, my guess is we’ll see a rebound at least tomorrow morning, after that we’ll have to see then. The bad news is the final CPCE reading is well above 0.65 (will confirm this in the night’s report) which should be high enough to breakout its trend line therefore making a potential top signal.

Cobra Impulse System should be officially out of its long position today. Since it uses the mid price so the trade is actually a losing trade although in reality it’s a flat trade. Well, as you can see from this particular example, sometimes an actual losing trade is a win and sometimes an actual winning trade is a loss, so even I cannot test on the exactly entry and exit price (as I said in the yesterday’s trading signals, due to the limitation of the back test software), using mid price is fair in the long run.

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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 *Stopped out on 05/03 flat.

DEMO ACCOUNT FOR SHORT-TERM MODEL:

TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment
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  
LAST 1387.00  
SUM 1399.00  
  • $200 max loss allowed per trade. For fun only.
  • LAST = Year to the last month balance.
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