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Wednesday, May 28, 2014

IPM Trade Matrix - Trade 10 (Part 8)

Market is undergoing consolidation. IPM turn window is expiring soon. If the market declines below stop levels, trade will be exited.


IPM Trade Matrix 2014 Trades

TRADE - 1: (Long) = +2.6%
TRADE - 2: (Short) = +9.3%
TRADE - 3: (Long) - Non IPM Trade Matrix trade -0.2%
TRADE - 4: (Short - 1/31/14 to 2/5/14) +7.25% 
TRADE - 5: (Long - 2/11/14 to 2/22/14) = +9.8%
TRADE - 6: (Long - 2/22/14 to 3/07/14) = +11.7%
TRADE - 7: (Long - 3/18/14 to 4/11/14) = -18.1%
TRADE - 8: (Short - 4/23/14 to 4/28/14) +11%
TRADE - 9: (Short - 4/30/14 to 5/12/14) +0.3%

TRADE - 10: 
Bought TNA at 68.5. More longs were added at 63.5. New Cost Basis: 64.7. Exited 25% longs at the close on 5/23.

TRADE CONDITIONS
When: IPM Model Bottom window - Date info e-mailed to subscribers
Next IPM Turn Window: Top
Trigger: SP500 = 1876, GDOW = 2535
Supporting Indicators: 8/4 Test negated. Uptrend reinstated.  

PROFIT TARGETS
Profit Target 1: 1930
Profit Target 2: -

RISK 
Stop: SP500 = 1862, DJIA = 16342, GDOW = 2513
Trailing Stops: SP500 = 1907, GDOW = 2557
Typical IPM Trade Matrix Risk: -
Actual IPM Trade Matrix Risk: 0% (Entry = 1879 , Exit = 1904 , Risk = 0% )
Risk Reason: Ending diagonal pattern.

Applicable Rule: 
  1. Sell (1/2) at profit objective 1 to minimize draw-down
  2. No Trade in opposite direction
  3. Do not go long or short without trigger to prevent losses by market moving against you.  
  4. Observe stop-losses to minimize draw-downs
  5. If stops are hit ==> Wait on the sidelines for new opportunity near IPM Turn window

Note: IPM Trade Matrix Trades will be posted in the first half of 2014. This is an experiment to understand and enhance the capabilities of this Matrix.



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