May 10th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Profit $332

Typical overnight activity since yesterday's close.
Some follow through on the decline into the close then a little really into a period of sideways movement in a very tight range.
A little flurry of activity around the European open, but nothing trade-able.

10,000 tick gave a buy signal @7:20 with support from the price action on the 2,000 tick.
Took 2 long @ 2391.625. Target @ 2392.75.

Switch to Real Account for the Open Trade.
Coming into the open the market is pulling back from the overnight high, then rallies into a buy signal on the 30 min chart. Long 2 @ 2392.00 Target @2393.00.
The trade did not follow through, made 3 tests of resistance on the 2,000 tick chart the declined below the range into a sell signal. Flipped the trade. Short 7 @ 2390.25. 2 to cover the longs and 5 for recovery. Market rallied back up to previous levels then declined back to the target, but I did not get filled.
The market has rallied again and I am sitting with 5 contracts short.
Once again I am in a situation where the account equity makes it difficult for me to trade effectively. To flip the short to a long when the market rallied would have required 22 contracts which is beyond my ability to hold based on margin requirements.
I will have to manage my way out of this in a different manner.
We either wait for it come come back down or look for the next good short signal, double down and move the target up to a more achievable level.
We will see what happens.

Market closed higher. We are still sitting in the short position.
Now becomes a swing trade.
Prognosis for the market based on Larry Williams cycles and Trading Days of the Month is for the market to be a bit choppy and generally decline from about the 8th of May through to the end  of the month. So far this month it has been pretty much spot on with the run up at the end of last week then the pullback in the first couple of days this week.

I ignored the simulation trading all day due focusing on the Real Money Trade.
I closed this trade after hours with a profit of  $332.



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