I am starting a new thread for the 1st week of October. 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 10% (10%-09/06)
- EEM 15% (15%-08/31)
- SPY 20% (10%-07/11, 10%-07/24)
- Cash 55%
SAC Troop:
- Cash 100%
I'm 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-w4.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 10% (10%-09/06)
- EEM 15% (15%-08/31)
- SPY 20% (10%-07/11, 10%-07/24)
- Cash 55%
SAC Troop:
- Cash 100%
The market gapped up, pierced through 1450 resistance, failed to hold, and got set back to 1440-45. It closed as a Inverted Hammer with mid-size Upper Shadow - a bearish sign for short term. Now we have two observation points: 1. today's high (1457), and 2. last Friday doji's low (1435/36). Before breaking out one of those two points, the market stays in range trading. Breakout of 1457 will bring the market to challenge last month's high. Falling below 1435/36 will bring the market to 1413.
Wave count (based on the purple line scenario):
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
09/26's low = IV.c
09/27's high = 1
10/01's low = 2
10/03's high = 3
10/04's low = 4
10/08's high = V.5 (1490)
We are in wave-V bull run to 1485-1490 to end the bull market.
Alternative count (based on the purple line scenario):
09/26's low = c
10/01's hight = x
10/04's low = IV.c (of abc where the previous abc is of a lower degree)
10/10's low = IV.c (of a second abc to form double three)
In this case, the correction ends at 1413.
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
Typo correction:
DeleteAlternative count (based on the grey line scenario):
No trade for today. The following explains my portfolio as of today's close:
ReplyDeleteBig Troop:
- EFA 10% (10%-09/06)
- EEM 15% (15%-08/31)
- SPY 20% (10%-07/11, 10%-07/24)
- Cash 55%
SAC Troop:
- Cash 100%
The market gapped up but breached yesterday's low and closed as a pin with mid-size lower shadow, indicating that the market has found a support for short term range trading. Our observation points can be narrowed into a smaller range: 1. Yesterday's high (1457), and 2. Today's low (1439). Before breaking out one of those two points, the market stays in range trading. Breakout of 1457 will bring the market to challenge last month's high. Falling below 1439 will bring the market to 1413. (If you are more aggressive, once the market breaks today's high 1451.52, it forms higher highs and higher lows, which means that you don't need to wait 1457!)
Wave count (based on the purple line scenario):
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
09/26's low = IV.c
09/27's high = 1
10/02's low = 2
10/04's high = 3
10/08's low = 4
10/09's high = V.5 (1490)
We are in wave-V bull run to 1485-1490 to end the bull market.
Alternative count (based on the grey line scenario):
09/26's low = c
10/01's hight = x
10/04's low = IV.c (of abc where the previous abc is of a lower degree)
10/10's low = IV.c (of a second abc to form double three)
In this case, the correction ends at 1413.
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
*** I will be away from my trading desk next few weeks. Should you have any question, please send me an email and I'll try to reply as possible as I could.