May 16th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Profit $711

Overnight Activity

Nothing to exciting.
Faded lower from the close then basically went SWS until about 5:00 am when there was a flurry of activity and we rallied back to test resistance at the previous days high.
The market is now digesting that move.
Nothing trade-able so far.

I follow a number of Swing Trade Strategies as well.
One of them is based on Larry Williams Trading Days Left in the Month concept.
This strategy identifies days of the month with statistically high probabilities of successful Long trades.
This strategy closed out a trade this morning, Below is the equity chart since I started tracking this strategy in January.

I've got a number of these Swing Trade strategies that I am following. I will post their performance from time to time.

Switch to Real Money Account for Open Trade
The rally appears to be continuing coming into the open and the market is probing historically high levels.
All signals on the open were for a long trade. took 2 long @ 2403.50. Target @ 2404.50.
Immediately on the open the market started declining.
The 2,000 tick declined then rallied into a lower high then declined into a sell signal. Flipped trade taking 6 short @ 2401.75. 2 to cover the longs and 4 for recovery. Target @ 2400.75.
Target hit, we are flat with $10 profit. No much profit in these couple of trades, but it illustrates how to get out of a losing position in a way that can recover your losses and get you back to break even or with a small profit.

Switch to Simulation Account
First potential trade of the day, we have the 10,000 tick giving us a buy signal at the same time as the 2,000 tick giving us a sell signal off a pullback from a rally into a resistance at the previous sort term high. We will wait and see if we more confirmation.
Next bar on 2,000 tick gives us a continuation signal. Took 2 short @ 2402.00. Target @ 2401.00. Target hit we are flat with $95.

Going SWS in the 10,000 tick chart.

Both 10,000 and 2,000 tick charts give us a sell signal. Took 2 short @ 2401.00. Target @ 2400.00.
Needs to break down through support to hit target.
Broke down, hit target, we are flat with $190 profit.

10,000 tick gives us a sell signal. Took 2 short @ 2398.75. Target @ 2397.50.
Target hit, we are flat with $310 profit.

10,000 tick gives us another sell signal. Took 2 short @ 2397.75. Target @ 2397.00. 
Target hit, we are flat with $380 profit.

The 2,000 tick gave us a double test of support then rallied into a buy signal. Took 2 long @ 2397.50. Target @ 2398.50. Might be premature on this signal.

Yup market broke lower on the next bar. Flipped short taking 6 @2395.00. 2 to cover the longs and 4 for recovery. Target @ 2394.00.
Target hit we are flat with $316 profit. Did not take enough contracts to make a full recovery. was quick and had to guess instead of using the calculator. Nevertheless we got out of things with not to much damage.

10,000 tick gives us a sell signal. Took 2 short @ 2394.50. Target @ 2393.50.
No follow through. The 2,000 tick rallied then pulled back, made a higher short term low then rallied into a buy signal. Flipped the trade to long. Took 6 long @ 2397.00. 2 to cover the short and 4 for recovery. Target @ 2398.00
Target hit, we are flat with $347 profit.

10,000 tick gives us a buy signal. Took 2 long @ 2398.00. Target @ 2399.25.
The market came up short of my target then made a deep pullback. So, I pulled my target down to just above break even when it started to rally back. 
Target was hit, we are flat with $367 profit.

The 2,000 tick rally formed a lower short term high then declined into a sell signal. The 10,000 tick gave us a sell signal at the same time. Took 2 short @ 2397.50. Target @ 2396.50.
No follow through, the market reversed and broke up through the last high. Flipped the trade to long. Took 7 @ 2399.25. 2 to cover the shorts and 5 for recovery. Target @ 2400.25.
Target hit, we are flat with $425.

10,000 tick gives us a buy signal. Took 2 long @ 2399.75. Target @ 2400.75.
Target hit, we are flat with $518 profit.

2,000 tick rallies, forms lower short term high then declines through previous low into sell signal. Took 2 short @ 2398.25. Target @ 2397.25.
It took a while, but the target was hit, we are flat with $616 profit.

The 10,000 tick and 30 min charts give us a sell signal @ 13:00. Took 2 short @ 2397.50. Target  @ 2396.50.
Target hit, we are flat with $711 profit.

13:30 in the afternoon, time to call it a day.

Daily Charts and Summary is below.











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