05/10/2011 Trading Signals


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THE SHORT-TERM TREND IS UP, I HOLD BOTH SHORT (TRAPPED) AND LONG OVERNIGHT

Tomorrow, I guess it’s up because the sentiment is very bullish so always assuming the most bullish case would not be a bad idea and accordingly the day after tomorrow would be in red. I’ll explain why if indeed another up day tomorrow.

A short setup is triggered today, for aggressive traders of course. SPY up 3 days in a row while volume down 2 days in a row (so called price volume negative divergence), short at today’s close, surprisingly (because I really hate such a setup) it worked most of the time.

1

Those who followed the TradingMarkets signals I mentioned in 05/05 Trading Signals, just a reminder that more sell conditions were met today.

2

And those who followed the Cobra Impulse System, the stop loss needs to be adjusted now.

3

MECHANICAL TRADING SIGNALS: 

TREND MOMENTUM COMMENT
Long-term 2 of 2 BUY    
Intermediate 3 of 5 SELL 5 of 5 NEUTRAL Cobra Impulse in BUY mode; Non-Stop in SELL mode.
Short-term   6 of 6 NEUTRAL  
SPY SYSTEM ENTRY STOP LOSS INSTRUCTION: back test is HERE, signals are HERE.
Non-Stop *05/10 S N/A *Short is for aggressive traders only.
CI Buy & Hold 04/28 L N/A  
CI Swing 05/06 L *Breakeven *Adjust stop loss. 

DEMO ACCOUNT FOR SHORT-TERM MODEL:

TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment
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        
SSO 05/06/2011 $55.49 50 $53.49       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 1606.50  
  • $200 max loss allowed per trade. For fun only.
  • LAST = Year to the last month balance.
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