I am starting a new thread for the 5th 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:
- SPY 20% (10%-07/11, 10%-07/24)
- Cash 80%
SAC Troop:
- TBT 22% (10/25)
- XME 25% (10/25)
- Cash 53%
Last week:
http://perfectew.blogspot.com/2012/10/my-trade-2012-10-w4.html
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
I'll liquidate XME if it falls below 10/25's low.
ReplyDeleteI bot NUGT with 7% fund in my SAC Troop just now.
ReplyDeleteWe bought NUGT today. The following explains my portfolio as of today's close:
ReplyDeleteBig Troop:
- SPY 20% (10%-07/11, 10%-07/24)
- Cash 80%
SAC Troop:
- NUGT 7% (10/31)
- TBT 22% (10/25)
- XME 25% (10/25)
- Cash 46%
The market failed to maintain its early gain and slid back to close about unchanged as a pin again. It indicates that the market is still in consolidation trading range. Staying in this area too long makes the market more and more vulnerable to bear's attack. The bull's hope is diminishing as time goes by. Last Friday's low (50% fib retracement measured from 07/24/2012) is a critical obervation key.
Wave count (based on the purple line scenario):
06/19's high = [A]
07/24's low = [B]
10/05's high = [C]
10/12's low = A
10/18's high = B
10/26's low = [D].C
11/12's high = [E] @ 1500
Alternative Count:
10/12's low = I
10/18's high = II
10/26's low = III.1
11/02's high = III.2 @ 1433
11/09's low = III.3 @ 1372
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
I bot more NUGT with 3% fund in my SAC Troop just now (to make total NUGT 10%).
ReplyDeleteI bot TNA with 17% fund in my SAC Troop just now.
ReplyDeleteI am going to sell half of SPY (10% dollar allocation) and purchase the same amount of IWM at MOC in my Big Troop.
ReplyDeleteThe selling of this SPY (10% dollar allocation) made me some trivial profit in a very slow motion:
Delete+6.6% of the purchase price (or +0.7% of the whole fund).
Today we bought TNA, IWM, and more NUGT. We also sold some SPY. The following explains my portfolio as of today's close:
ReplyDeleteBig Troop:
- IWM 10% (11/01)
- SPY 10% (07/11)
- Cash 80%
SAC Troop:
- TNA 17% (11/01)
- NUGT 10% (7%-10/31, 3%-11/01)
- TBT 22% (10/25)
- XME 25% (10/25)
- Cash 26%
The market closed as a mid-size hollow candlestick, breaking out a 5-day flat area. It is going up in a way/speed that matches our wave count. In other words, both dimensions (time and price) are working well so far. It will face the crossroad of bull and bear tomorrow around 1433 area.
Wave count (based on the purple line scenario):
06/19's high = [A]
07/24's low = [B]
10/05's high = [C]
10/12's low = A
10/18's high = B
10/26's low = [D].C
11/12's high = [E] @ 1500
Alternative Count:
10/12's low = I
10/18's high = II
10/26's low = III.1
11/02's high = III.2 @ 1433
11/09's low = III.3 @ 1372
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
If NUGT falls below 10/24's low, I'll cut the loss.
ReplyDeleteI have cut NUGT with loss:
Delete-13.3 of purchase price (or -1.3% of the whole SAC Troop fund)
I liquidated at the market TBT just now.
ReplyDeleteThe selling of TBT caused me a trivial loss:
Delete-2.5% of the purchase price (or -0.5% of the whole SAC Troop fund)
I am going to liquidate the remaining SPY and purchase the same amount of TLT at MOC.
ReplyDeleteThe selling of SPY made me a trivial profit:
Delete+5.5% of the purchase price (or +0.5% of the whole Big Troop fund)
Today we liquidated NUGT, TBT, and SPY. We also bought TLT. The following explains my portfolio as of today's close:
ReplyDeleteBig Troop:
- TLT 10% (11/02)
- IWM 10% (11/01)
- Cash 80%
SAC Troop:
- TNA 17% (11/01)
- XME 25% (10/25)
- Cash 58%
The market gapped up right at the crossroad (rf: yesterday's post) but collapsed all the way down to the last minute. It closed as a long solid black candlestick in very bearish Engulfing Pattern. It is in a very bearish structure: H&S Top (09/14, 10/05, 10/18) or Tripple Top whichever you want to call it. Today's high kissed the neckline of the top. Be cautious that we don't want to see a Black Monday happens again next week.
Wave count:
10/12's low = I
10/18's high = II
10/26's low = III.1
11/02's high = III.2
11/09's low = III.3 @ 1372
I AM GETTING TIRED OF POSTING MY TRADE AND THIS END-OF-DAY MARKET COMMENTS. I'LL STOP THIS VERY SOON. SHOULD YOU HAVE ANY QUESTION, PLEASE PM ME.
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
DEAR ALL - I'LL STOP POSTING MY TRADE FROM THIS MOMENT ON DUE TO MY BUSY SCHEDULE. IF YOU ARE INTERESTED IN GETTING MY HELP OR EXCHANGING TRADING IDEAS, PLEASE SEND ME A PRIVATE MESSAGE TO DISCUSS.
ReplyDelete