THE SHORT-TERM MODEL SAYS THE TREND IS DOWN, HOLDING TRAPPED LONG AND SHORT OVERNIGHT
I have no idea bout tomorrow, the intraday actions seems very bullish today but the big picture still remains down.
Those who followed the TradingMarkets short setup I mention on 08/31 Trading Signals, it’s time to cover.
Cobra Impulse System is trying to buy dip here if break above today’s high and close in green tomorrow.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM |
ENTRY |
STOP LOSS |
Current 2*ATR(10) value: SSO=12%; SDS=12%; UPRO=18%;SPXU=17% |
| Non-Stop |
08/25 L |
N/A |
Long is risky when long term signals are on the sell side. |
| Cobra Impulse |
|
|
*Long if break 09/06 high and close in green tomorrow. Stop loss = 1.7*ATR(10). |
|
| 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 |
09/02/2011 |
$24.35 |
100 |
$21.43 |
|
|
|
|
| SDS |
09/01/2011 |
$22.94 |
100 |
$19.96 |
09/01/2011 |
$23.01 |
7.00 |
|
| SSO |
08/30/2011 |
$44.09 |
50 |
*$38.69 |
|
|
|
*Gap down, manual stop loss used. |
| LAST |
|
|
|
|
|
|
2935.00 |
|
| SUM |
|
|
|
|
|
|
2942.00 |
|
|
- $300 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
|
