08/03/2011 Trading Signals


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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.

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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. 
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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