I am starting a new thread for the 2nd week of August. 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:
- IWM 20% (20%-08/08)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 35%
SAC Troop:
- EWS 15% (10%-07/30, 5%-07/31)
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- Cash 39%
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!
My Trade for last week:
http://perfectew.blogspot.com/2012/08/my-trade-2012-08-w1.html
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
I bot FAS with 8% in my SAC Troop just now.
ReplyDelete
ReplyDeleteWe bought FAS today. The following explains my portfolio as of today's close:
Big Troop:
- IWM 20% (20%-08/08)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 35%
SAC Troop:
- EWS 15% (10%-07/30, 5%-07/31)
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 8% (8%-08/13)
- Cash 31%
The market closed as an inside Hammer showing that it's still in the consolidation. It was the 4th gap-down in a row since last Wednesday. The bear failed to press down the market with follow-through selling, which indicated that there was a strong support underneath. We will see a gap-up and surge tomorrow, and there will be no cheap price to buy stocks in the near future.
Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
07/30's high = [C].I
08/02's low = [C].II
08/07's high = [C].III.1
Today's low = [C].III.2
The wave structure has formed a nice triple-3:
08/07's high - 08/08's low = 1st 3
08/09's high - 08/10's low = 2nd 3
08/10's high - today's low = 3rd 3
We are in the middle of a big wave [C] to 1426 (Tuesday), 1447 (Wednesday) (and 1524 in medium long term).
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:
- IWM 20% (20%-08/08)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 35%
SAC Troop:
- EWS 15% (10%-07/30, 5%-07/31)
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 8% (8%-08/13)
- Cash 31%
The market gapped up as expected but failed to hold its ground. The gap was filled in the last trading hour, so it indicated that the upward momentum has been weakened. The price action says that more consolidation is needed before moving up. The market now offers a good opportunity to buy dips in next few days.
Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
07/30's high = [C].I
08/02's low = [C].II
08/07's high = [C].III.1
08/10's low = [C].III.2.a
Today's high = [C].III.2.b
A dip to complete [C].III.2.c could be at around 1389 or 1382 (tomorrow) and then resume going up again. We are in the middle of a big wave [C] to 1447 (and 1524 in medium long term).
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:
- IWM 20% (20%-08/08)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 35%
SAC Troop:
- EWS 15% (10%-07/30, 5%-07/31)
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 8% (8%-08/13)
- Cash 31%
The market closed as an inside bar with only overnight dip. Today's inside bar mitigated the possibility of any further dip, which means that the market is still in consolidation. We shall see a surge tomorrow to continue the marching north.
Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
07/30's high = [C].I
08/02's low = [C].II
08/07's high = [C].III.1
08/10's low = [C].III.2._a3
08/14's high = [C].III.2._b3
Today's low = [C].III.2._c3
The wave-[C].III.2 has completed, and the market is moving up again. We are in the middle of a big wave [C] to 1447 (and 1524 in medium long term).
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:
- IWM 20% (20%-08/08)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 35%
SAC Troop:
- EWS 15% (10%-07/30, 5%-07/31)
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 8% (8%-08/13)
- Cash 31%
The market has gone up and closed near day high as a mid-sized hollow candlestick. The bull is in total control of the market. When it is marching north as expected, we shall see a temporary pause tomorrow at around 1425.
Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
07/30's high = [C].I
08/02's low = [C].II
08/07's high = [C].III.1
08/15's low = [C].III.2
Currently, we are either in wave-[C].III.3 or wave-[C].V.
Case wave-[C].III.3: The big wave-[C] will bring the market to at least 1447 (and 1524 in medium long term).
Case wave-[C].V: Watch out for final climax.
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:
- IWM 20% (20%-08/08)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 35%
SAC Troop:
- EWS 15% (10%-07/30, 5%-07/31)
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 8% (8%-08/13)
- Cash 31%
The market gapped up and closed as a Spinning Top candlestick. The intraday high of SPY today has set a new 4-year high, but SPX not. The momentum is still going up, so we should expect a new high next week before the market tells us otherwise. The bull is in full control of the market, and it should be able to reach our first target at 1447 next week.
Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
07/30's high = [C].I
08/02's low = [C].II
08/07's high = [C].III.1
08/13's low = [C].III.2
08/14's high = [C].III.3._1
08/14's low = [C].III.3._2
Currently, we are in the middle of [C].III.3._3
The big wave-[C] will bring the market to at least 1447 (and 1524 in medium long term).
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
how to pm you by using this blog? :-p
DeleteI did not reveal my email address on my blog since most friends are from some forums that I have contributed my posts. I tried to find your email from your profile, but it's not available there. Would it be possible that you make your email temporarily available in your profile? Thanks!
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