April 28th, 2017
Pre-Market Simulation Trading
Typical overnight activity, the market goes sideways until the European markets open then there is a little flurry of activity to the upside.
From this activity there was a pullback then another long signal at 5:00 am on the 30 minute chart.
Probability for a 5am long trade on Friday is 75%
The 5 minute and 2,000 tick were making higher bottoms as well.
So, I took 1 contract long and set the target for one point.
Got a confirmation sell signal on the 10,000 tick chart at 6:09.
Probability for a long trade taken between 6:00 and 6:30 on the 10,000 tick chart is 100%. But, there have only been 2 trades during this time so far in the data.
Volatility is low and so far no follow through, seeing resistance at yesterdays high.
See what happens on the open.
Because I have an open long position in the Real Money account I will stay with the Simulation.
The long position is being managed using a swing trade logic from some of the longer term strategies I am currently researching. A stop with a target set at the historic high.
The open looks to be setting up for a long trade.
If this is the case I will add 1 contract to the position I already have.
The long signals where there, but the trade did not work.
Market ran down and I reversed in on the 30 minute signal taking 10 contracts to offset the loss.
Took that trade out with a one point target, recovered my loss and made a small profit.
The rest of the day saw the market slide lower into the previous days low then go sideways in a tight 3 point range until the close.
Was not the best day, but still came out with a $235.00 profit.
I was trying a few new things this week.
Using the 10,000 and 2,000 tick charts to try and get early entries.
Sometimes this backfires and there is the danger of more whipsaw trades.
Below is the performance report and equity chart for the week.
This is the simulation.
In the real money account I still have an open trade with 1 contract Long.
I am now managing this based on a Larry Williams short term trading strategy.
I have a $2,100 STOP and my target is the first profitable open.
Currently the trade is down about 6 points or $300.00
I would expect the market to pull back early next week then rally back into the historic highs.
This is my equity chart for my Real Money account since starting in February.
Typical overnight activity, the market goes sideways until the European markets open then there is a little flurry of activity to the upside.
From this activity there was a pullback then another long signal at 5:00 am on the 30 minute chart.
Probability for a 5am long trade on Friday is 75%
The 5 minute and 2,000 tick were making higher bottoms as well.
So, I took 1 contract long and set the target for one point.
Got a confirmation sell signal on the 10,000 tick chart at 6:09.
Probability for a long trade taken between 6:00 and 6:30 on the 10,000 tick chart is 100%. But, there have only been 2 trades during this time so far in the data.
Volatility is low and so far no follow through, seeing resistance at yesterdays high.
See what happens on the open.
Because I have an open long position in the Real Money account I will stay with the Simulation.
The long position is being managed using a swing trade logic from some of the longer term strategies I am currently researching. A stop with a target set at the historic high.
The open looks to be setting up for a long trade.
If this is the case I will add 1 contract to the position I already have.
The long signals where there, but the trade did not work.
Market ran down and I reversed in on the 30 minute signal taking 10 contracts to offset the loss.
Took that trade out with a one point target, recovered my loss and made a small profit.
The rest of the day saw the market slide lower into the previous days low then go sideways in a tight 3 point range until the close.
Was not the best day, but still came out with a $235.00 profit.
I was trying a few new things this week.
Using the 10,000 and 2,000 tick charts to try and get early entries.
Sometimes this backfires and there is the danger of more whipsaw trades.
Below is the performance report and equity chart for the week.
This is the simulation.
In the real money account I still have an open trade with 1 contract Long.
I am now managing this based on a Larry Williams short term trading strategy.
I have a $2,100 STOP and my target is the first profitable open.
Currently the trade is down about 6 points or $300.00
I would expect the market to pull back early next week then rally back into the historic highs.
This is my equity chart for my Real Money account since starting in February.
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