08/05/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


THE SHORT-TERM TREND IS DOWN, I HOLD PARTIAL SHORT POSITION OVER THE WEEKEND

The bottom line, most likely the low wasn’t in yet although there’re some chances the strong rebound I’ve been blah blah has started.

No idea about the next Monday, seasonality is a little bit bearish biased though as I see far more red lines than green lines in the chart below.

1

Cobra Impulse System has moved its stop loss to breakeven. 

2

Enjoy your weekend.

MECHANICAL TRADING SIGNALS
SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=10%; SDS=7%; UPRO=15%;SPXU=10%
Non-Stop 08/02 S N/A Short is for aggressive traders only.
Cobra Impulse 08/04 S *Breakeven *Adjust stop 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
SDS 08/04/2011 $23.13 100 $21.51  
SDS 08/04/2011 $23.13 100 $21.51 08/04/2011 $24.00 87.00  
LAST   2248.50  
SUM   2335.50  
  • $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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