I am starting a new thread for the 3rd 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 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%
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-w2.html
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:
- 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 small doji pullback. After the fast up movement the past two weeks, the market could go into consolidation mode very soon for medium term timeframe. 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
09/14's high = 5._3
Today's low = 5._4
We are at the end of wave [E].I.5. We will see an up thrust (maybe to 1485) tomorrow to complete [E].I.5._5 and with a quick reversal to start a sizeable corrective wave for the medium term timeframe!
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:
- 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 another small doji pullback. We have been in short term consolidation mode for three days since last Friday. It seems to me that there is not much aggressive selling power at the current price level. We shall see the market soar again tomorrow. 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
09/14's high = 5._3
Today's low = 5._4
We are at the end of wave [E].I.5. We will see an up thrust (maybe to 1485) tomorrow to complete [E].I.5._5 and with a quick reversal to start a sizeable corrective wave for the medium term timeframe!
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
1485/1493 vs 1440:
ReplyDeleteNo trade for 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%
We had a small pin with upper shadow today. The market attempted to go up in the morning but retreated back very quick befor close. It showed some selling pressure, but it still seems to be contained in a consolidation range. For the short term trading, I am still betting on the upside surge - today Wednesday will be similar to the Wednesday last week. We shall see the market soar again tomorrow. Our upside targets will be 1485 (Friday), 1493, and 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
09/14's high = 5
- Scenario 9 Waves:
09/18's low = 6
09/21's high = 7
09/26's low = 8
09/28's high = 9
- Scenario 5 Waves:
09/18's low = a
09/19's high = b
09/21's low = c
In the "Scenario 9 Waves", the market will continue going up in a fast pace to our upside targets to end the medium term bull run.
In the "Scenario 5 Waves", the market will make a correction to 1440 for us to buy dips.
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:
- 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 dipped and closed with a lower shadow. Today's low 1450 is only about 50% pullback between 09/10 and 09/14. The market will resume its uptrend with a surge tomorrow. Our upside targets will be 1485 (Friday), 1493, and 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
09/14's high = 5
09/20's low = 6
09/24's high = 7
09/26's low = 8
09/28's high = 9
The market will continue going up in a fast pace to our upside targets to end the medium term bull run.
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:
- 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 gapped up but slid down and closed as a Dark Cloud Cover candlestick. The candlestick pattern showed a little bit bearish sign for the short term. In other words, the market is confined inside a trading range that is pressured by short term bears and is supported by medium term bulls.
Wave count:
06/19's high = [A]
07/24's low = [B]
08/21's high = I
09/04's low = II
09/14's high = III
09/20's low = a
09/21's high = b
09/27's low = IV.c
The market will pull back and reach at 1445 (0.382) or 1436 (0.5) on 09/27 (next Thursday) to complete wave IV.c. After that, wave V bull run will start and head to 1485 or 1493.
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!