May 11th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Profit $893
From the second test of yesterdays highs and through the night the market has declined in our favour and is approaching our target for the current open trade in the Real Money Account.
Depending what happens between now and the open we may consider moving that target lower.
We have not yet taken any pre-market trades in the simulation account.
The market kept pushing lower and at about 6:45 ran down and hit the target.
Was in the process of moving the target, but was to slow.
Net for the trade will be about $60.
The market continued to push lower through the target.
This is unusual overnight activity.
We will now wait until the open for our next trade.
Real Money Account
Coming into the open at 8:17 the 10,000 tick gave us a buy signal. Took 2 long @ 2391.00. Target @ 2392.00.
The 8:30 bar confirmed the long trade with an entry @ 2391.25. Moved the target up to 2392.25.
Target hit, we are out with a $115 profit.
Right after getting filled the market dropped. Today we got lucky on the fill.
Switch to Simulation.
Almost immediately after getting filled the market dropped back below the open and the 10,000 tick gave us a sell signal. Took 2 short @ 2390.00. Target @ 2389.00
Target hit, we are flat with $95 profit.
A short rally in the 2,000 tick then decline into a sell signal. Took 2 short @ 2388.25. Target 2387.25.
Target hit, we are flat with $190 profit.
Continuation signal on the 10,000 tick and supporting signal on 2,000 tick. 2 short @ 2386.75. Target @ 2385.75.
Target hit, we are flat with $285 profit.
Continuation signal on the 10,000 tick. 2 short @ 2384.25. Target @ 2383.25.
Target hit, we are flat with $380 profit.
Where will this stop? Expect support between 2376 and 2380.
Continuation signal on the 10,000 tick. 2 short @ 2381.50. Target @ 2380.50.
2,000 tick give us the first real rally we have seen in this decline.
2,000 tick rallies, pulls back, forms a higher low then rallies into a buy signal. Took 6 long @ 2382.50. 2 to cover the shorts and 4 for recovery. Target @ 2383.50.
Target hit, we are flat with $455
10,000 tick give us a buy signal. Long 2 @ 2383.75. Target @ 2384.75.
No follow through. 2,000 tick rally stalled making a lower short term high then declined into a sell signal. Flip short. Took 7 short @ 2382.25. 2 to cover the longs and 5 for recovery. Target @ 2381.25.
Target hit, we are flat with $540 profit.
10,000 tick gives us another short signal. 2 short @ 2379.75. Target @ 2378.75.
No follow through. 2,000 tick rallies, pulls back tests support, makes higher short term low and rallies into a buy signal. Flip trade. Took 7 long @ 2381.50. 2 to cover the shorts and 5 for recovery. Target @ 2382.50.
Target hit, we are flat with $598 profit.
10,000 tick gives us a buy signal. Took 2 long @ 2382.25. Target @ 2383.25.
Target hit, we are flat with $694 profit.
10,000 tick gives us a buy signal. Took 2 long @ 2383.25. Target @ 2384.25.
Target hit, we are flat with $789 profit.
10,000 tick gives us a buy signal. Took 2 long @ 2385.00. Target 2386.00.
Target hit, we are flat with $884 profit.
This rally back is approaching the 38% Fibonacci retracement number and looks like it may be running out of steam. Based on the time of day and the mornings activity, we could start going sideways from here as well. So, I am going to call it a day as I have some other business I need to take care of.
Below is a chart of yesterday and today's Open Trade in the Real Money Account.
Sometimes you get filled sometimes you don't.
Summary and chart for last two days in the simulation account.
Depending what happens between now and the open we may consider moving that target lower.
We have not yet taken any pre-market trades in the simulation account.
The market kept pushing lower and at about 6:45 ran down and hit the target.
Was in the process of moving the target, but was to slow.
Net for the trade will be about $60.
The market continued to push lower through the target.
This is unusual overnight activity.
We will now wait until the open for our next trade.
Real Money Account
Coming into the open at 8:17 the 10,000 tick gave us a buy signal. Took 2 long @ 2391.00. Target @ 2392.00.
The 8:30 bar confirmed the long trade with an entry @ 2391.25. Moved the target up to 2392.25.
Target hit, we are out with a $115 profit.
Right after getting filled the market dropped. Today we got lucky on the fill.
Switch to Simulation.
Almost immediately after getting filled the market dropped back below the open and the 10,000 tick gave us a sell signal. Took 2 short @ 2390.00. Target @ 2389.00
Target hit, we are flat with $95 profit.
A short rally in the 2,000 tick then decline into a sell signal. Took 2 short @ 2388.25. Target 2387.25.
Target hit, we are flat with $190 profit.
Continuation signal on the 10,000 tick and supporting signal on 2,000 tick. 2 short @ 2386.75. Target @ 2385.75.
Target hit, we are flat with $285 profit.
Continuation signal on the 10,000 tick. 2 short @ 2384.25. Target @ 2383.25.
Target hit, we are flat with $380 profit.
Where will this stop? Expect support between 2376 and 2380.
Continuation signal on the 10,000 tick. 2 short @ 2381.50. Target @ 2380.50.
2,000 tick give us the first real rally we have seen in this decline.
2,000 tick rallies, pulls back, forms a higher low then rallies into a buy signal. Took 6 long @ 2382.50. 2 to cover the shorts and 4 for recovery. Target @ 2383.50.
Target hit, we are flat with $455
10,000 tick give us a buy signal. Long 2 @ 2383.75. Target @ 2384.75.
No follow through. 2,000 tick rally stalled making a lower short term high then declined into a sell signal. Flip short. Took 7 short @ 2382.25. 2 to cover the longs and 5 for recovery. Target @ 2381.25.
Target hit, we are flat with $540 profit.
10,000 tick gives us another short signal. 2 short @ 2379.75. Target @ 2378.75.
No follow through. 2,000 tick rallies, pulls back tests support, makes higher short term low and rallies into a buy signal. Flip trade. Took 7 long @ 2381.50. 2 to cover the shorts and 5 for recovery. Target @ 2382.50.
Target hit, we are flat with $598 profit.
10,000 tick gives us a buy signal. Took 2 long @ 2382.25. Target @ 2383.25.
Target hit, we are flat with $694 profit.
10,000 tick gives us a buy signal. Took 2 long @ 2383.25. Target @ 2384.25.
Target hit, we are flat with $789 profit.
10,000 tick gives us a buy signal. Took 2 long @ 2385.00. Target 2386.00.
Target hit, we are flat with $884 profit.
This rally back is approaching the 38% Fibonacci retracement number and looks like it may be running out of steam. Based on the time of day and the mornings activity, we could start going sideways from here as well. So, I am going to call it a day as I have some other business I need to take care of.
Below is a chart of yesterday and today's Open Trade in the Real Money Account.
Sometimes you get filled sometimes you don't.
Summary and chart for last two days in the simulation account.
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