2012-06-24

My Trade - 2012-06-W4

I am starting a new thread for the 4th week of June.  The following lists my positions as of last Friday:

Long Term - Big troop dollar amount allocation:
- TLT 25% (10%-04/10, 15%-05/01)
- SPY 25% (10%-06/11, 15%-06/12)
- EEM 25% (06/15)
- Cash 25%

Medium Term - Small troop stock holding:
- TQQQ (06/11)
- FAS (06/12)
- TNA (06/19)

If you have any question about short term trading or FX/Futures trading, please PM.

My Trade for last week:
http://perfectew.blogspot.com/2012/06/my-trade-2012-06-w3.html

12 comments:

  1. If QQQ falls below the low of 06/21, I will liquidate my TQQQ at the market.

    If XLF falls below the low of 06/21, I will liquidate my FAS at the market.

    I will sell 1/2 of SPY and 1/2 of EEM at MOO price.

    ReplyDelete
  2. So my FAS selling order got executed right at the MOO price because of the XLF triggered the selling order.

    ReplyDelete
  3. So my TQQQ selling order got executed right after the market opened because of QQQ triggered the selling order.

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  4. We sold 1/2 SPY (10%-06/11, 2.5%-06/12) at today's MOO price with trivial profit.
    We sold 1/2 EEM (12.5%-06/15) at today's MOO price with 4% loss of the purchase price.
    We sold TQQQ (06/11) right after the market opened with 2% loss of the purchase price.
    We sold FAS (06/12) right after the market opened with 7% profit of the purchase price.
    We sold TNA (06/19) right after the market opened with 6% loss of the purchase price.
    The following explains my portfolio as of today's close:

    Long Term - Big troop dollar amount allocation:
    - TLT 25% (10%-04/10, 15%-05/01)
    - SPY 12.5% (12.5%-06/12)
    - EEM 12.5% (06/15)
    - Cash 50%

    Medium Term - Small troop stock holding: None

    The selling pressue came to a temporary pause this afternoon after a 5-wave down movement completed (counted from 06/19). Now we have changed the grey line wave count as the preferred count. A rebound is expected soon with that scenario.

    Wave count (based on the grey line scenario):
    06/04/2012's low = [A]
    06/19/2012's high = [B]
    Now we are in the middle of [C]
    We probably just finished [C].I today, which means a rebound of [C].II could be seen soon.
    (Note that this scenario will become invalid if the market shows a 5-wave up movement.)

    PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!

    ReplyDelete
  5. If EEM falls below 06/04/2012's low, I will sell all remaining EEM.
    If TLT falls below 06/20/2012's low, I will sell 1/2 of remaiing TLT.

    ReplyDelete
  6. I am going to sell my remaining SPY at MOC price.

    ReplyDelete
  7. We sold the remaining SPY (12.5%-06/12) at today's MOC price with trivial loss (less than 1%) of the purchase price. The following explains my portfolio as of today's close:

    Long Term - Big troop dollar amount allocation:
    - TLT 25% (10%-04/10, 15%-05/01)
    - EEM 12.5% (06/15)
    - Cash 62.5%

    Medium Term - Small troop stock holding: None

    The market formed two intraday legs (yesterday's low + today's low) and started bouncing up. Before a convincing 5-wave up is seen, we treat this going-up as the rebound of the downward wave in last 4 days.

    Wave count (based on the grey line scenario):
    06/04/2012's low = [A]
    06/19/2012's high = [B]
    06/25/2012's low = [C].I
    Now we are in the middle of [C].II, specifically, [C].II.a
    Pay attention on the end of [C].II tomorrow morning (simply wave), or Thursday (abc wave).
    (Note that this scenario will become invalid if the market shows a 5-wave up movement.)

    PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!

    ReplyDelete
  8. I am going to sell my remaining EEM at MOC price.

    ReplyDelete
  9. We sold the remaining EEM (12.5%-06/15) at today's MOC price with a little bit loss (3%+) of the purchase price. The following explains my portfolio as of today's close:

    Long Term - Big troop dollar amount allocation:
    - TLT 25% (10%-04/10, 15%-05/01)
    - Cash 75%

    Medium Term - Small troop stock holding: None

    The market's rebound moved up as expected. Since the market moved up in a speedy way today and stopped at 50% fib area (1335), it could be a simple one-leg corrective wave. The daily chart seems to show an Island Reversal bottom (Monday and Tuesday with today's gapping up). However, today's volume is very thin, and it could cause the gap to get filled very quick. If the gap is filled, the reversal fails and could cause a big decline after that. Therefore, the key observation is whether today's gap will be filled within next two days.

    Wave count (based on the grey line scenario):
    06/04/2012's low = [A]
    06/19/2012's high = [B]
    06/25/2012's low = [C].I
    06/27/2012's high = [C].II ???
    Now we are either at the end of [C].II (simply wave) or [C].II.a (abc wave)
    (Note that this scenario will become invalid if the market shows a 5-wave up movement.)

    PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!

    ReplyDelete
  10. No trade for medium- and long-term position today. The following explains my portfolio as of today's close:

    Long Term - Big troop dollar amount allocation:
    - TLT 25% (10%-04/10, 15%-05/01)
    - Cash 75%

    Medium Term - Small troop stock holding: None

    We were hoping that the market could drop below 06/25's low, but it surged up in return the last hour before close. No matter how volatile today's wash was, it was still in between short term resistance (yesterday's high) and support (06/25's low). Therefore, We won't start any accumulation before a clear direction is seen.

    Wave count (based on the grey line scenario):
    06/19/2012's high = [B]
    06/25/2012's low = [C].I
    1. 06/27/2012's high = [C].II ... (we are in wave [C].III.1 now)
    2. 06/27/2012's high = [C].II.a ... Today's low = [C].II.b ... (we are in wave [C].II.c now)
    (Note that this scenario will become invalid if the market shows a 5-wave up movement.)


    PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!

    ReplyDelete
  11. No trade for medium- and long-term position today. The following explains my portfolio as of today's close:

    Long Term - Big troop dollar amount allocation:
    - TLT 25% (10%-04/10, 15%-05/01)
    - Cash 75%

    Medium Term - Small troop stock holding: None

    Today's gap-up and surge all the way to close sent us a very bullish signal. The market washed back and forth the past few weeks. The oscillation finally came to a narrow range yesterday. I was thinking to take action today or next week once the market broke out that narrow range. It turned out that the market insiders did not even give me a chance to load ...

    Wave count (bullish count):
    04/02/2012's high = [[A]]
    06/04/2012's low = [[B]]
    06/11/2012's high = [[C]].[I]
    06/25/2012's low = [[C]].[II]
    We are in wave [C].[III].I.3 now ... very bullish!
    (Note that this scenario will become invalid if the market shows a 5-wave down movement.)

    PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!

    ReplyDelete