IPM Trade Matrix - Trade 10 (Part 5)

Market is breaking out of 4-6 month long consolidation. This break-out could result in a sharp rally - a rally least expected by the majority. As a matter of fact, along with the trading long position, we have trimmed bond holdings in 401K and have moved to stocks for the next few months.

Two days ago, someone wrote few interesting comments on the blog. They are still posted. Its very enlightening to read those comments today and understand the importance of following a time-tested system, as compared to just trading based on whim. Those comments came as market had decline 140+ points. The only difference was that I had added longs based on IPM turn window, whereas that person had exited longs out of fear.

By the grace of Almight God, these comments again testify to the accuracy of the IPM turn windows and the importance of the IPM Trade Matrix. Its very interesting how God brings out hidden gems through negative commentary of critics.

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

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: Will be determined by Friday
Typical IPM Trade Matrix Risk: -
Actual IPM Trade Matrix Risk: - (Entry = 1879 , Exit = - , Risk = - )
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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