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Starting from today I’ll post TSX 60 trading signals by using HXU.TO and HXD.TO pair.
- It’s a special request, so I may remove this report without further notice. The system basically is Cobra Impulse System, just it’s optimized for trading XIU.TO.
- The chart below shows the potential short for tomorrow as well as the back test results since the year 2000. The long only trade had 85% winning rate, for $10,000 invested, the net gain would be $10,541.90, no compound. The short only trade had 85% winning rate, the net gain would be $5,720.67, again, no compound.
- The Buy Stop for HXD.TO tomorrow is auto calculated, see top left corner.
So set HXD.TO buy stop at $10.60, stop loss around $9.56, for about 480 shares. At the current stage it’s a risk trade, so better take half position, say 240 shares.