08/01/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


THE SHORT-TERM TREND IS DOWN, I HOLD NO POSITION OVERNIGHT

SPX down 6 days in a row, there are not many cases since the last 2,000 trading days, so I have to use the last 5,000 trading days, seems to buy at today’s close, sell at close tomorrow you have 80% chances.

1

The Cobra Impulse System bought dip today as instructed in 07/29 Trading Signals. The system however is still in sell mode, which means officially the intermediate-term trend is still down and if the dip couldn’t be profitable for more than 3 days, the system would try to sell short again.

2

MECHANICAL TRADING SIGNALS
SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=6%; SDS=6%; UPRO=9%;SPXU=8%
Non-Stop 07/22 L N/A  
Cobra Impulse *08/01 L 1.7*ATR(10) *Long initiated on 08/01. The system, however, is still in sell mode.
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
 
LAST   2248.50  
SUM   2248.50  
  • $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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