Monday, February 3, 2014

IPM Trade Matrix - Trade 4 (Part 2)

IPM Trade Matrix Trades

TRADE - 1: Summary of Trade 1 (Long) = +2.6%
TRADE - 2: Summary of Trade 2 (Short) = +9.3%
TRADE - 3: Summary of Trade 3 (Long) - Non IPM Trade Matrix trade = -0.2%

TRADE - 4: Short
Long TZA (short ETF) at 18.23 ==> 18.52 (shorts added)
Short positions were added on 1/31/14 and 2/3/14 based on Elliott Wave structure and break below critical levels. By breaking below critical levels, market confirmed impulsive decline scenario.

Condition: Outside IPM Turn Window (Re-entry)
Trigger: Test of ~1785 (SP500) and decline below 1769 (SP500). Decline trigger was determined based on EW analysis and other proprietary levels. 
Supporting Indicators:  Next IPM window is a Bottom and is 1-2 weeks away. Details e-mailed to subscribers over the weekend

Profit Target 1: 1725
Profit Target 2: 1670 

Stop: Above 1770
Trailing Stops: 1770 (will be updated on a regular basis)
Typical IPM Trade Matrix Risk: 1.5%
Actual IPM Trade Matrix Risk: 0% (Entry = 1785, Exit = 1770, Risk = No Risk)
Risk Reason: No significant risk because upcoming turn date is a bottom.

Applicable Rule: Do not go long or short without trigger to prevent losses by market moving against you.  

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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