08/18/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


THE SHORT-TERM TREND IS DOWN, I HOLD BOTH LONG (TRAPPED) AND SHORT OVERNIGHT

The bottom line, I don’t see the bottom line yet.

Bullish biased toward tomorrow for 2 reasons:

  • VIX rose more than 24%, buy at close today and sell tomorrow at close, you have 88% chances for the last 2,000 trading days.

2

  • 44 out 68 times (65%) a green day the next day after a Major Distribution Day.

1

As I was worried yesterday, the long position initiated by Cobra Impulse System yesterday was stopped out today with losses. I’ll review the algorithm to see if I could prevent such a losses in the future.

3

MECHANICAL TRADING SIGNALS
SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=14%; SDS=12%; UPRO=23%;SPXU=18%
Non-Stop 08/02 S N/A Short is for aggressive traders only.
Cobra Impulse 08/17 L 1.7*ATR(10) *Stopped out of long position 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
SDS 08/18/2011 $25.52 100 $22.46  
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.
© 2013 Cobra's Market View — All Rights Reserved.