I am starting a new thread for the 4th week of August. All troops target on long term trading. All percentages are the dollar amount allocations of each troop. The following lists my positions as of last Friday:
Big Troop:
- IWM 20% (20%-08/08)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 35%
SAC Troop:
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 8% (8%-08/13)
- NUGT 3% (3%-08/21)
- EDZ 8% (8%-08/22)
- Cash 35%
If you have any question about my trading (long term, short term, stock, or FX/Futures), please PM, and I'll be glad to help!
Q. How to PM? A. If you are on a forum, you know how to PM me. If you are on my blog, please put your email address in a comment (once you receive my private email, you can remove your email address from the post.)
My Trade for last week:
http://perfectew.blogspot.com/2012/08/my-trade-2012-08-w3.html
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
I bought more FAS with 4% of the fund in my SAC Troop just now.
ReplyDeleteI bought more NUGT with 5% of the fund in my SAC Troop just now.
ReplyDeleteWe bought more FAS and NUGT today. The following explains my portfolio as of today's close:
ReplyDeleteBig Troop:
- IWM 20% (20%-08/08)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 35%
SAC Troop:
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 12% (8%-08/13, 4%-08/27)
- NUGT 8% (3%-08/21, 5%-08/27)
- EDZ 8% (8%-08/22)
- Cash 26%
The market gapped up and closed as a Spinning Top today (SPY), and in the continual chart (SPX or futures index) it closed as a pin with upper shadow. As expected, the market hit 1416 and reversed. It is still in consolidation phase in short term. Since the long term trend is moving up, our strategy should be buying dips.
Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
08/21's high = [C]
08/24's low = [D].A
Today's high = [D].B
The wave [D].C decline will bring the market to 1378 (0.5) before Labor Day.
After this wave-[D], we will see a wave-[E] to 1475 to complete the bull market.
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
Hi Snowrider, I was looking through the NUGT. My question is 1. did you buy the whole stock price or call option? 2. I am always having some wrong judgement when facing the similar indicator sample like NUGT now, so I want to ask even if MACD is showing positive 0 trend, but the slow/fast KD are in the high value, what make you feel today is a good buy chance? I am kinda confused every time when I see this situation, since when I bet it is down then it goes up, vice versa. Thanks in advance!
DeleteLiwen - This answers your questions:
Deletehttp://perfectew.blogspot.com/2012/08/use-macd-and-kd-together.html
No trade for today. The following explains my portfolio as of today's close:
ReplyDeleteBig Troop:
- IWM 20% (20%-08/08)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 35%
SAC Troop:
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 12% (8%-08/13, 4%-08/27)
- NUGT 8% (3%-08/21, 5%-08/27)
- EDZ 8% (8%-08/22)
- Cash 26%
The market had a low open and closed as a Inverted White Hammer (SPY) (or a Doji in SPX or futures index). Now the market has been squeezed into the crossroad of the direction for next few days. Obervation keys: 1416 (yesterday's high) and 1405 (today's low). A breakout of that narrow range will signal a short term direction for the rest of the week. Our strategy is still buying dips.
Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
08/21's high = [C]
08/24's low = [D].A
08/27's high = [D].B
The wave [D].C decline will bring the market to 1378 (0.5) before Labor Day.
After the wave-[D], we will see a wave-[E] to 1475 to end this bull market.
An alternative move is that the market falsely penetrates 1416 and falls back to 1389 (0.382).
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
No trade for today. The following explains my portfolio as of today's close:
ReplyDeleteBig Troop:
- IWM 20% (20%-08/08)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 35%
SAC Troop:
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 12% (8%-08/13, 4%-08/27)
- NUGT 8% (3%-08/21, 5%-08/27)
- EDZ 8% (8%-08/22)
- Cash 26%
We had another Doji today. The market has now been squeezed by short term resistance (1416) and support (1405) into a range area. A clear direction for next few days should come out once the range is broken out. Our strategy is still buying dips.
Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
08/21's high = [C]
08/24's low = [D].A
08/27's high = [D].B
08/27's low = [D].C.a
Today's high = [D].C.b
The market could be in a diagonal triangle for the wave-[D]. If so, we could see [D].C.c tomorrow noon at around 1404, and then start going up for [D].C.d. This scenario will end the diagonal triangle on Friday at around 1406. Another scenario is a zigzag formation to end the correction at 1389 (0.382) on Friday. After the wave-[D] correction, the market will be in wave-[E] to 1475 to end this bull market.
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
I will liquidate the following position if the market falls below 08/24's low:
ReplyDeleteSPY - 15%, IWM, FAS, QQQ, XLF
I am going to make the following trades at MOC:
Delete1. Sell 1/3 SPY (15% of the fund in my Big Troop)
2. Buy TLT with 15% of the fund in my Big Troop
We made a very small profit from today's SPY trade: +3.7% of the purchase price (07/06).
DeleteWe sold SPY and bought TLT today. The following explains my portfolio as of today's close:
ReplyDeleteBig Troop:
- IWM 20% (20%-08/08)
- SPY 30% (10%-07/05, 10%-07/11, 10%-07/24)
- TLT 15% (15%-08/30)
- Cash 35%
SAC Troop:
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 12% (8%-08/13, 4%-08/27)
- NUGT 8% (3%-08/21, 5%-08/27)
- EDZ 8% (8%-08/22)
- Cash 26%
The market gapped down to open right below 08/28's low (1405) and triggered the sell-off bringing it to test 08/24's low. It looks bearish in the near term. Our focus now is controlling risk instead of buying dips.
Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
08/21's high = [C]
08/24's low = [D].A
08/27's high = [D].B
We are in the middle of [D].C. If [D].C = [D].A in time and price, we should see the market ends the correction at 1388 before noon tomorrow. If that area does not hold, we will see 1378 (0.5) fib area. After this wave-[D] correction, the market will be in wave-[E] to 1475 to end this bull market.
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
I liquidated QQQ just now.
ReplyDeleteWe made a small profit from this trade: +4.7% of the purchase price (08/02).
DeleteI liquidated EDZ just now.
ReplyDeleteWe made a small profit from this trade: +5.2% of the purchase price (08/22).
DeleteI will buy EEM with 20% of the fund in my Big Troop at MOC if the market is in between $39.50 and $38.50. No further notice will be given.
ReplyDeleteFor today, we sold QQQ and EDZ, and we bought EEM. The following explains my portfolio as of today's close:
ReplyDeleteBig Troop:
- EEM 20% (20%-08/31)
- IWM 20% (20%-08/08)
- SPY 30% (10%-07/05, 10%-07/11, 10%-07/24)
- TLT 15% (15%-08/30)
- Cash 15%
SAC Troop:
- XLF 22% (10%-07/30, 12%-07/31)
- FAS 12% (8%-08/13, 4%-08/27)
- NUGT 8% (3%-08/21, 5%-08/27)
- Cash 58%
We had a Long Legged Doji today inside the trading range of the last 7 days. Today's low was in a perfect timing (before noon) with a perfect wave pattern - the wave-E of [D]-ABCDE triangle. We will see the market to take off and start flying next week.
Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
08/21's high = [C]
08/24's low = [D].A
08/27's high = [D].B
08/30's low = [D].C
Today's first high after opening = [D].D
Today's low = [D].E
Wave [D] has completed. We will see wave-[E] at arond 1475 to end this bull market.
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!