Trading Signals:
Because the UUP daily low is above the entry price now so set the stop loss to breakeven and half out. What a difference one day made, yesterday I was talking here about to cut half or to cut full, and today, no need anymore because it’s a winning position now.
Tomorrow, the system will try to short the Russell 2000. Set TZA buy stop at $32.42, stop loss around $26.87. Meanwhile, should the TZA buy stop trigged, close the current TNA long position.
November 9, 2011 at 9:53 pm
Thanks Cobra. Truly an amazing day. Thanks for all your guidance!
November 9, 2011 at 11:59 pm
Cobra, the portfolio has been doing great so far! Can we say it’s also a short term model similar to the one for SSO/SDS in your daily signal report? It seems that it changes positions pretty quickly.
November 10, 2011 at 9:23 am
No, it’s on daily chart while short-term is on 60 min and 15 min chart.
[…] half or to cut full, and today, no need anymore because it’s a winning position now.Tomorrow, the [Read the Rest] Cobra’s Market ViewA Fun Fact… This day in history… Related posts:10/21/2011 Portfolio […]
November 10, 2011 at 1:10 pm
Seems that the TZA position should be filled. I suppose the position would be 100 shares?
November 10, 2011 at 2:00 pm
you know how to calculate the size. 🙂
I typed a lot but they’re all gone, so sorry, no more typing. 🙂