May 15th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Profit $1,179


No big surprises over the weekend, no gaps or any unusual activity on the open.

From the open the market edged higher getting back up to the 2394 mark that we had trouble breaking through a couple of weeks ago.

From that high it gave us a perfect set-up on the 2,000 tick chart.
A double test of the high with the second test forming a slightly lower high and then dropping into a naked close signal below the previous low. A short trade here would have given and easy 1 point and for the more aggressive, targets set down near the open would have been hit.
Did I take this trade, NO.
Why? Still building confidence. Nice way of saying I was scared.

On with the day.

Pre-market Simulation

OK, Looks like we found some support near the open and the market has rallied a little bit.
We have a sell signal on the 10,000 tick. So far in our data gathering short signals between 5:30 & 6:00 have only had a 33% accuracy, we will pass and see what the 2,000 tick does.
The market rallied back without hesitation and gave us a buy signal on the 10,000 tick @ 7:50. This trade has a statistical probability of success of 100% so we took 1 contract long @ 2392.25. Target @ 2393.25

Real Money Account
Switched to the Real Money Account for the Open Trade.
The 10,000 tick signal @ 7:50 was to early to act on so we will defer to the 30 minute chart for our entry signal.
The 30 min chart gave us a buy signal. Took 2 long @ 2392.25. Target @ 2393.25.
Target hit, we are flat with $94 progit.

10,000 tick give us a continuation signal. Took 1 long @ 2393.50. Target @ 2394.50.
Target Hit, we are flat with  $140 profit.

2 good trades in the Real Money Account this morning.

Switch to Simulation Account
We hit the target on our long trade from the Pre-market.
We are flat with $47 profit.

10,000 tick gives us another buy signal. Took 2 long @ 2394.25. Target @ 2395.25.
Target hit, we are flat with $142 profit.

2,000 tick pulls back the rallies off a higher short term low, breaks through resistance and gives us a buy signal. Took 2 long @ 2395.75. Target @ 2396.75.
Target hit, we are flat with $238 profit.

10,000 tick gives us a buy signal. Took 2 long @ 2396.50. Target @ 2397.50.
Target hit, we are flat with $333 profit.

2,000 tick takes a 1 bar pause then gives another sell signal. Not really a pullback but based on the apparent strenght in this upward move and our next real resistance should be a couple of points away, took 2 long @ 2387.75. Target @ 2398.75.
Target hit, we are flat with $428 profit.

Pull back on the 2,000 tick then rally of a higher low into a buy signal. 10,000 tick give buy signal same time. Too 2 long @ 2399.25. Target @ 2400.25.
Moving SWS just below resistance @2400. 2,000 tick giving conflicting signals and price action is no help. Could go either way. We wait for a BO one way or the other.
Broke to the upside, took out the target, we are flat with $523 profit.

10,000 tick give a buy signal on the BO. Took 2 long @ 2400.75. Target @ 2401.75.
Butting heads with the all time high.
Target hit, we are flat with $618 profit.

Resistance held and the market appears to be retracing.
2,000 tick declined into a lower low then rallied but made a lower high then declined into a sell signal. Took 2 short @ 2399.75. Target @ 2398.75.
Target hit, we are flat with $714 profit.

10,000 tick give us a sell signal. took 2 short @ 2399.50. Target @ 2398.50.
Target hit, we are flat with $806 profit.

2,000 tick gives us a sell signal out of a decline off a lower short term high. Short 2 @ 2399.00. Target @ 2398.00.
No follow through on this trade. After some SWS movement the 2,000 tick made a higher high and looked to be breaking out. Flipped the trade taking 5 long @ 2400.00. 2 to cover the shorts and 3 for recovery. Target @ 2401.00. Might have jumped the gun on this one.
30 min chart gave us a buy signal supporting our current trade.
Market moved up and hit target, we are flat with $847 profit.

10,000 tick gives us a buy signal with the 2,000 tick coming off a pullback. Took 2 long @2400.50. Target @ 2401.50.
No follow through on this trade. The market pushed lower breaking through support and giving us a sell signal on the 10,000 tick. Flipped to short taking 8 contracts @2397.75. 2 to cover the longs and 6 for recovery. Target @ 2396.75.
The 30 min chart gave us a sell signal @ 14:00 with an entry of 2397.00. Pushed the target down to 2396.50.
Again, no follow through. 2,000 tick made a higher low, went SWS for a bit then rallied into a buy signal. Flipped trade. Took 20 long @ 2399.00. 6 to cover the shorts and 14 for recovery. Target @ 2400.00. Again we did not get much for follow through and the market looked to be turning against me, so to recover my losses on these last two trades I worked in a spread trade while the market was stuck in a tight range. I went short 100 contacts at 2398.50 and covered them all at 2398.00. This left me flat with a profit of $1721.
This was a risky move and may not have worked in the real world due to the ability to get filled. But, it was an interesting experiment. It is notable that shortly after this trade the market rallied and hit the target for the previous long trade. This would have recovered all my losses and put me back with a profit of about $850.
I then noticed that I forgot to cancel the sell order for the last trade and I was short 14 contracts. I just unloaded these for a loss, so end the day with a profit of $1,179. That last mistake cost about $550.

Any way you slice it a relatively good day, below is the summary for the Simulation Account.























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