May 12th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Profit $164
There was not as much sideways movement as I expected yesterday and the market rallied almost back to the open. There were some good trades in the rally as well that I missed. C'est la vie.
Daily Summary
I packed it in about 12:30. Did not like the way the market was moving and since it is Friday decided to to call it a day.
Up until 12:30 the market had traded in a very tight range of only about 6 point. Low volatility and congestion like this makes it hard to trade.
I only made 5 trades on the day and 2 of them were reversals. Tough to make any money.
Trading Activity
Overnight the market has faded lower. Not much activity at the European open.
Nothing that I have wanted to trade yet.
Did not take any trades in the Pre-market.
Opened Real Money Account.
Getting set up for the Open Trade.
No signal on the 10,000 tick between 8:00 and 8:30 will defer to the 30 min chart.
Turn out the 10,000 tick and 30 min chart gave sell signal at the 8:30 mark. Took 2 short @ 2388.25. Target @2387.25.
Target hit, we are flat with $90 profit.
Switch to Simulation.
10,000 tick give us a short signal. Take 2 short @ 2387.00. Target @2386.00.
After a little flurry of activity in the first 20 minutes the market has gone sideways in a very tight range of about 3 points. Flipping directions when going sideways like this can be very dangerous.
Will hold the short until I get a clear break or something like 2 signals in a row on the 2,000 tick.
Just after a single buy signal on the 2,000 tick, inside the range, the market dropped into our target and we are flat with a $95 profit.
10,000 tick gives a sell signal after the range BO. Short 2 @ 2385.00 Target @ 2384.00.
So the market moved down a couple points and goes back into this sideways thing again. Same strategy as before. Hold the short until we either hit the target, get some break to the upside and a signal outside the range or maybe 2 in a row inside the range.
The underlying near term trend right now is down, But, we are seeing some support at the overnight low.
Market pushed higher, broke the op of the range and gave us 2 buy signals in a row. Flipped trade. Took 7 long @ 2387.00. 2 to cover the shorts and 5 for recovery. Target set @ 2388.00.
Looks like one of those days. Tight ranges and no follow through.
Got some movement to the upside, target hit, we are flat with $128 profit.
10,000 tick gives us a buy signal. Took 2 long @ 2388.50. Target @ 2389.50.
No follow through. Next 10,000 tick gives us a sell signal. Took 6 short @ 2387.00. 2 to cover the longs and 4 for recovery. Target @2386.00.
Took a while, but we finally hit the target, we are flat with $164 profit.
Not liking the way the market is moving today. is is almost 12:30.
Calling it a day.
Daily Summary
I packed it in about 12:30. Did not like the way the market was moving and since it is Friday decided to to call it a day.
Up until 12:30 the market had traded in a very tight range of only about 6 point. Low volatility and congestion like this makes it hard to trade.
I only made 5 trades on the day and 2 of them were reversals. Tough to make any money.
Trading Activity
Overnight the market has faded lower. Not much activity at the European open.
Nothing that I have wanted to trade yet.
Did not take any trades in the Pre-market.
Opened Real Money Account.
Getting set up for the Open Trade.
No signal on the 10,000 tick between 8:00 and 8:30 will defer to the 30 min chart.
Turn out the 10,000 tick and 30 min chart gave sell signal at the 8:30 mark. Took 2 short @ 2388.25. Target @2387.25.
Target hit, we are flat with $90 profit.
Switch to Simulation.
10,000 tick give us a short signal. Take 2 short @ 2387.00. Target @2386.00.
After a little flurry of activity in the first 20 minutes the market has gone sideways in a very tight range of about 3 points. Flipping directions when going sideways like this can be very dangerous.
Will hold the short until I get a clear break or something like 2 signals in a row on the 2,000 tick.
Just after a single buy signal on the 2,000 tick, inside the range, the market dropped into our target and we are flat with a $95 profit.
10,000 tick gives a sell signal after the range BO. Short 2 @ 2385.00 Target @ 2384.00.
So the market moved down a couple points and goes back into this sideways thing again. Same strategy as before. Hold the short until we either hit the target, get some break to the upside and a signal outside the range or maybe 2 in a row inside the range.
The underlying near term trend right now is down, But, we are seeing some support at the overnight low.
Market pushed higher, broke the op of the range and gave us 2 buy signals in a row. Flipped trade. Took 7 long @ 2387.00. 2 to cover the shorts and 5 for recovery. Target set @ 2388.00.
Looks like one of those days. Tight ranges and no follow through.
Got some movement to the upside, target hit, we are flat with $128 profit.
10,000 tick gives us a buy signal. Took 2 long @ 2388.50. Target @ 2389.50.
No follow through. Next 10,000 tick gives us a sell signal. Took 6 short @ 2387.00. 2 to cover the longs and 4 for recovery. Target @2386.00.
Took a while, but we finally hit the target, we are flat with $164 profit.
Not liking the way the market is moving today. is is almost 12:30.
Calling it a day.
Comments
Post a Comment