2012-07-01

My Trade - 2012-07-W1

I am starting a new thread for the 1st week of July.  The following lists my positions as of last Friday:

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

Medium Term - Small troop stock holding: None

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-w4.html

8 comments:

  1. 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 doji could bring the strong upside momentum to a temporary pause. Since the long term bull signal has been set off last Friday, our strategy should be buying into dips. Hopefully, the market can treat me a bit nicer giving me some opportunity to load.

    Wave count (based on the purple line wave count):
    06/25/2012's low = [II]
    06/27/2012's high = I
    06/28/2012's low = II
    Today's high = III
    We are in the middle of wave [III].IV now
    (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
  2. 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

    The market closed early today at around day high. It seems that the market has been celebrating the coming Independence Day with these fireworks since last Friday. I am wondering if the market will enter a consolidation mode after the July 4th fireworks. I want to see a correction to start loading for my medium- and long-term position. If it goes all the way up with no return, I will simply let it go and will NOT chase.

    Wave count (based on the purple line wave count):
    06/25/2012's low = [II]
    06/27/2012's high = 1
    06/28/2012's low = 2
    06/29/2012's high = 3
    07/02/2012's low = 4
    Today's high = [III].I.5
    We should be able to see wave [III].II correction after the fireworks show.
    (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
  3. I am going to purchase SPY with the fund in my big troop with 10% dollar allocation.

    ReplyDelete
  4. We bought SPY at market close 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)
    - SPY 10% (10%-07/05)
    - Cash 65%

    Medium Term - Small troop stock holding: None

    The market finally stopped going up today, and today's was the first down day since last Friday's big surge. Today's down bar closed with some volume increase. I would guess that the fireworks for the Independence Day finally came to the end and that the market has started a consolidation phase. Our strategy will be the same - to load for medium- and long-term position on any down day.

    Wave count (based on the purple line wave count):
    06/25/2012's low = [II]
    07/03/2012;s high = [III].I
    We are in the middle of wave [III].II correction.
    (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
  5. I am going to purchase SPY at MOC price with 15% of big troop dollar.

    ReplyDelete
  6. I am going to purchase some FAS and TQQQ at MOC price with the fund in my small troop.

    ReplyDelete
  7. We bought TQQQ, FAS, and more SPY 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)
    - SPY 25% (10%-07/05, 15%-07/06)
    - Cash 50%

    Medium Term - Small troop stock holding:
    - FAS (07/06)
    - TQQQ (07/06)

    The market followed our purple line scenario perfectly with a moderate dip today - price-wise and timing-wise. It's the second down day since last week's big surge, so we continued loading. Our current strategy for the long term position is still the same - to accumulate on any down day.

    Wave count (based on the purple line wave count):
    06/25/2012's low = [II]
    07/03's high = [III].I
    Today's low = [III].II -> Next Monday we will see a gap-up open and strong surge again.
    Today's low = [III].II.a -> We will have more opportunity to load more next week.
    (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