2012-09-02

My Trade - 2012-09-W1

I am starting a new thread for the 1st week of September.  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:
- 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%

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-w4.html

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

18 comments:

  1. Hi Snowrider,

    Do you have target and stoploss for your trades?

    ReplyDelete
    Replies
    1. HKwave - Yes, I always set those two prices for each trade - a target price to take profit and a stop price to protect. The following two articles are about stop orders:
      http://perfectew.blogspot.com/2012/06/to-stop-or-not-to-stop.html
      http://perfectew.blogspot.com/2012/07/where-to-place-stop-order-part-ii.html

      Delete
  2. No trade for today. The following explains my portfolio as of today's close:

    Big 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 another pin today with a false break of last Friday's low. The price action indicates that the market has found support in 1397 area and ready to take off and start flying tomorrow.

    Wave count (based on the purple line scenario):
    07/03's high = [A]
    07/24's low = [B]
    08/21's high = [C]
    Today's low = [D] ... where this wave-[D] is in a perfect 3x3 pattern: abc-x-abc-x-abc
    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!

    ReplyDelete
  3. Don't you think Wave D is a bit too shallow to complete? In terms on time and depth is not enough yet.

    Wave B took 14 days and 50pts, current Wave D is only 12 days and around 23 points only.

    ReplyDelete
    Replies
    1. HKwave - Thanks for commenting! Yes, I agree with you that this wave-[D] is not perfect enough in terms of time and size. That's why I have an alternative count (grey line) in ABC format.

      Delete
  4. Snowrider, from your profile you mention you do trade A-shares, Shanghai index is looking much oversold now, do you have a wave count on it? Thanks

    ReplyDelete
    Replies
    1. Yes, I do have a wave count for that (but I am lazy to post and update) ...
      6124 = [[[[III]]]] ?
      1165 = [[[A]]]
      3478 = [[[B]]].[[A]]
      We are in end the of [[[B]]].[[B]] now ... after this, we will see [[[B]]].[[C]] a big surge to 3900 next year.

      Delete
    2. Thanks snow rider, I'm searching H shares to invest now. Maybe the A50 ETF in HK too

      Delete
  5. No trade for today. The following explains my portfolio as of today's close:

    Big 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%

    The market closed as another doji today on the upper portion of yesterday's pin with low volume. It's still in the 2-week long consolidation area. Tomorrow will be the takeoff day for the market to start soaring.

    Wave count (based on the purple line scenario):
    07/03's high = [A]
    07/24's low = [B]
    08/21's high = [C]
    09/05's low = [D]
    Today's high = 1
    Today's low = 2
    Wave-3 will penetrate 1416 to end this 2-week long consolidation.
    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!

    ReplyDelete
  6. I bought QLD with 23% of the fund in my SAC Troop just now.

    ReplyDelete
  7. I bought SSO with 24% of the fund in my SAC Troop just now.

    ReplyDelete
  8. I am going to use the rest of fund in my Big Troop to buy EFA at MOC.

    ReplyDelete
  9. We bought QLD, SSO, and EFA today. The following explains my portfolio as of today's close:

    Big Troop:
    - EFA 15% (15%-09/06)
    - 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 0%

    SAC Troop:
    - QLD 23% (23%-09/06)
    - SSO 24% (24%-09/06)
    - 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 11%

    What a day! The market took off and started soaring exactly as what we expected! It closed as a big hollow candle with no shadows! Nothing else needs to be said! Hopefully my friends you have made a big one these days! What is going to happen next? We will be riding this big wave up and waiting for the target to unload!

    Wave count (based on the purple line scenario):
    07/03's high = [A]
    07/24's low = [B]
    08/21's high = [C]
    09/04's low = [D]
    09/04's high = 1
    09/04's low = 2
    We are in the middle of wave-3, and we don't know where it is going to take a rest from surging. The time it will take also depends on the size it moves. We will see 1475 area as the first target for the wave-[E] 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!

    ReplyDelete
    Replies
    1. Congrats Snowrider! What is the meaning of SAC troop and Big troop?

      Delete
    2. Thank you HKwave - The following post answers your question:
      http://perfectew.blogspot.com/2012/09/my-accont-types.html

      Delete
    3. I also took opportunity to buy some H shares and ETF today.

      2010.hk 15%
      0893.hk 15%
      0555.hk 15%
      0639.hk 15%
      2823.hk 30%
      cash 10%

      And just shorted EUR/USD

      Delete
  10. I bot ERX with 10% of the fund in my SAC Troop just now.

    ReplyDelete
  11. We bought ERX today. The following explains my portfolio as of today's close:

    Big Troop:
    - EFA 15% (15%-09/06)
    - 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 0%

    SAC Troop:
    - ERX 10% (10%-09/07)
    - QLD 23% (23%-09/06)
    - SSO 24% (24%-09/06)
    - 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 1%

    The market gapped up and closed as a little star today. We are almost fully loaded (except 1% cash left). We don't use margin at this moment for the reason of risk control (, but we might do that later if the market continues moving up). Before any reversal sign is shown, we assume the market will go to the moon. The upside possible resistances are: 1440-1445, 1457-1461, 1485 (09/17), 1493, 1530. Our strategy now is to sit and wait, in order to enjoy the wave riding.

    Wave count (based on the purple line scenario):
    07/03's high = [A]
    07/24's low = [B]
    08/21's high = [C]
    09/04's low = [D]
    09/04's high = 1
    09/05's low = 2
    We are in the middle of wave-[E].I.3, which could finish next Monday and enter into wave-4 consolidation. Hopefully, we can see 1485 as the first target for the current wave-[E] 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!

    ReplyDelete