08/11/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


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

Slightly bearish biased toward tomorrow, at least not expecting another huge up day, if not red. Two reasons:

  • TICK closed above 1,000.

1

  • NYADV is way too high.

2

The short position held by Cobra Impulse System was stopped out today with gains. But if SPY breakdown below today’s low and close in red tomorrow, then it’s another short which had 70% winning rate for the past 2,000 trading days.

3

MECHANICAL TRADING SIGNALS
SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=18%; SDS=14%; UPRO=30%;SPXU=19%
Non-Stop 08/02 S N/A Short is for aggressive traders only.
Cobra Impulse 08/04 S 08/08 High *Stopped out  of short position on 08/11 with gains. Also to enter short if break below 08/11 low and close in red tomorrow. The stop loss is 2*ATR(10).
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
SSO 08/11/2011 $40.16 50 $32.93 08/11/2011 $41.53 68.50 Position too small to split, could hold overnight.
SDS 08/08/2011 $25.94 100 $23.61 08/08/2011 $26.58 64.00 Had to leave earlier today so sold too soon.
SDS 08/04/2011 $23.13 100 $21.51 08/09/2011 $28.35 522.00  
SDS 08/04/2011 $23.13 100 $21.51 08/04/2011 $24.00 87.00  
LAST   2248.50  
SUM   2990.00  
  • $500 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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