Cobra's Market View Private Messaging System shows:
THE SHORT-TERM MODEL BELIEVES THE TREND IS UP, HOLDING BOTH LONG AND SHORT (TRAPPED) OVERNIGHT
The bottom line, the seasonality is bearish for the next week (I’ll update the seasonality info in Trader’s Calendar on the main page later), but I guess nobody would believe this anyway. Right now, the most important thing is to enjoy your long weekend!
Those who follow the Cobra Impulse System, because the SSO daily low is above the entry price entered on 02/13, so officially it’s time to close all today. You can keep a tiny little to ride the trend up of course, which is what the pyramid is really intended for.
- To demonstrate the pyramid feature, I keep 50 shares with breakeven stop loss in the demo account, see highlighted area.
- The chart below also demonstrated the “pyramid” features introduced for this enhanced version of Cobra Impulse System. Statistically, out all pyramid position whenever a breakeven stop loss can be set is better than simply keep adding the pyramid positions. In reality, however, you always have the option to keep partial pyramid position to ride the trend and this is intended in my original design. I don’t want to make the program complicated, that’s why I simply assume the pyramid positions are all out every time, after all, machine cannot handle the exit as smart as you human.