08/16/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


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

Key day tomorrow, only proves what we had so far was merely a rebound if down day again tomorrow, while up day then the guess game is still on – rebound or the bull market new high ahead?

Cobra Impulse System had a short position initiated today but if break above today’s high and close green tomorrow then the short position should be closed while a long position be opened and the system be officially in buy mode. So again, kind of key day tomorrow.

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MECHANICAL TRADING SIGNALS
SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=17%; SDS=18%; UPRO=25%;SPXU=28%
Non-Stop 08/02 S N/A Short is for aggressive traders only.
Cobra Impulse 08/16 S 2*ATR(10) *Short position initiated on 08/16. But should close short and take long if break above 08/16 high and close in green tomorrow. The stop loss is 1.7*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 08/16/2011 $42.82 50 $35.54  
SSO 08/15/2011 $42.86 50 $35.14 08/15/2011 $43.26 20.00  
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   3010.00  
  • $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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