THE SHORT-TERM TREND IS UP, I HOLD LONG POSITION OVERNIGHT
The bottom line, the up momentum is weakening and looks toppy but still too early to call the end of the rebound, need see tomorrow.
Cobra Impulse System closed short and took long today and officially is in buy mode now. I feel bad about this long position but no argue with a 80% winning rate system here, let’s wait and see.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM |
ENTRY |
STOP LOSS |
Current 2*ATR(10) value: SSO=12%; SDS=12%; UPRO=19%;SPXU=19% |
| Non-Stop |
08/02 S |
N/A |
Short is for aggressive traders only. |
| Cobra Impulse |
08/17 L |
1.7*ATR(10) |
*Short position initiated on 08/16 closed flat. Long position initiated. |
|
| 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 |
08/17/2011 |
$42.60 |
50 |
$37.49 |
|
|
|
Not a new setup, just a buyback of 08/16 longs. |
| SSO |
08/16/2011 |
$42.82 |
50 |
$35.54 |
08/17/2011 |
$43.40 |
29.00 |
|
| 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 |
|
|
|
|
|
|
3030.00 |
|
|
- $300 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
|
