2012-09-09

My Trade - 2012-09-W2

I am starting a new thread for the 2nd 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:
- 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%

I'll be glad to help if you have any question about my trading (long term, short term, stock, or FX/Futures).
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 (you can remove your email address once you receive my private email.)

My Trade for last week:
http://perfectew.blogspot.com/2012/09/my-trade-2012-09-w1.html

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

10 comments:

  1. No trade for 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 went down and closed at day low today. It's normal that the market would pull back to test previous support/resistance after breaking out. We had a breakout last Friday, so today's starting pulling back is not unusual. The upside possible resistances are: 1440-1445, 1457-1461, 1485 (09/17), 1493, 1530.

    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
    Today's high = 3
    As expected, we are in the middle of wave-[E].I.4, and it would end at around 1424 on Wednesday.

    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 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 closed as an inside bar today. It's good that the market was able to consolidate and to stay high in the upper portion of last week's surge. After this consolidation, the market will penetrate 1440-1445 resistance, and the upside possible targets are: 1457-1461, 1485 (09/17), 1493, 1530.

    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
    09/10's high = 3
    09/10's low = 4._a
    Today's high = 4._b
    We are in the middle of wave-[E].I.4, and it (4._c) will end tomorrow:
    1. By noon at around: 1428, or
    2. Afternoon at around: 1424
    After that, [E].I.5 starts and aims at 1461 for next week.

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

    ReplyDelete
  3. No trade for 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 a little bit but closed as a doji today. It was still under the pressue of 1440-1445 resistance area. The past few days are in a flag pattern where the future target will be the same size as the flagpole: 1439-1401=38, 38+1429=1467. After this consolidation, the market will penetrate 1440-1445 resistance, and the upside possible targets are: 1457-1461, 1485 (09/17), 1493, 1530.

    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
    09/10's high = 3
    It looks like that we are in the middle of wave [E].I.5 now, and here are two scenarios:
    1. 09/10's low = 4 --> Wave-5 is in Ending Diagonal Triangle format.
    --> Watch out for a possible false break and reversal at around 1440.
    2. Today's low = 4 --> Wave-5 replicates wave-3.
    --> Flag scenario.
    Observation key: 1440-1445 resistance. We will see 1461-1467 once the market breaks that resistance; otherwise, we will see a pullback to 1423 and then resume the up trend.

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

    ReplyDelete
  4. As you might know that bond is nothing but a parking place to me for the trading money when there is nothing else to buy...

    I am going to make the following trades at MOC:
    1. I am going to sell all TLT.
    2. I am going to buy more EEM with 10% of the fund in my Big Troop.
    3. I am going to buy more EFA with 5% of the fund in my Big Troop.

    ReplyDelete
    Replies
    1. The selling of TLT incurred only 3.5% loss of the purchase price (equivalent to only 0.5% loss of the whole Big Troop).

      Delete
  5. We sold TLT and bought EEM and EFA today. The following explains my portfolio as of today's close:

    Big Troop:
    - EFA 20% (15%-09/06, 5%-09/13)
    - EEM 30% (20%-08/31, 10-09/13)
    - IWM 20% (20%-08/08)
    - SPY 30% (10%-07/05, 10%-07/11, 10%-07/24)
    - 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 closed as a big long red (my term) candlestick. Today's high 1464 fulfilled our first target (1461-1467). Our next target will be 1485 (09/17), 1493, 1530.

    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
    09/10's high = 3
    09/12's low = 4
    We are at the end of wave [E].I.5. We would see a little star, a pin, or an engulfing bar tomorrow to prepare for a short term reversal.

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

    ReplyDelete
  6. I am going to liquidate XLF at MOO price.

    ReplyDelete
    Replies
    1. By getting rid of this sluggish XLF (1X ETF), I made a small profit out of this transaction: +11% of the purchase price or +2.4% of the whole SAC Troop fund.

      Delete
  7. I bought TBT with 14% of the fund in my SAC Troop just now at market openning.

    ReplyDelete
  8. We sold XLF and bought TBT today. The following explains my portfolio as of today's close:

    Big Troop:
    - EFA 20% (15%-09/06, 5%-09/13)
    - EEM 30% (20%-08/31, 10-09/13)
    - IWM 20% (20%-08/08)
    - SPY 30% (10%-07/05, 10%-07/11, 10%-07/24)
    - Cash 0%

    SAC Troop:
    - TBT 14% (14%-09/14)
    - ERX 10% (10%-09/07)
    - QLD 23% (23%-09/06)
    - SSO 24% (24%-09/06)
    - FAS 12% (8%-08/13, 4%-08/27)
    - NUGT 8% (3%-08/21, 5%-08/27)
    - Cash 9%

    The market closed as a Inverted Hammer candlestick showing that the up movement paused temporarily. Our next target will be 1485 (09/17), 1493, 1530.

    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
    09/10's high = 3
    09/10's low = 4
    09/11's high = 5._1
    09/12's low = 5._2
    Today's high = 5._3
    Today's afternoon low = 5._4
    We are at the end of wave [E].I.5. We will see a thrust to 1485 next Monday (09/17) to complete [E].I.5._5 and with a quick reversal to start a sizeable corrective wave!

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

    ReplyDelete