May 18th, 2017 - S&P 500 e-Mini - Trading Activity - Milestone in Real Money Account Hit $5,000 profit - Today's Sim Trade Profit $1,254
When a stock, commodity or index gaps up or down it is commonly understood to expect that gap to be closed sometime in the near future.
Well yesterday the market closed the gap from a couple of weeks ago in spectacular fashion dropping from near historic highs to the bottom of that gap, over 40 points.
It looked like a market wide decline as the volume of decliners dwarfed advancers in the broad market.
Should make for another interesting day today.
Here is another one of the Swing trade strategies I am tracking. This based on Larry Williams Best Trading Days of the Month concepts. The action yesterday stopped me out of a long trade and gave me a good profit in a short trade in the same strategy. I allow myself to be both long and short at the same time. To do this on reality would require two separate accounts.
This is the equity chart since January 2017, when I started tracking this.
From yesterdays close the market rallied back about 10 point on higher than normal volume for the overnight trading. We will let it settle down and see if any good opportunities present themselves.
At about 2:00 am the market had rallied into a resistance level from yesterday. There was a little pullback and consolidation that I was watching either for a continuation of the long trend or a reversal to short.
We got a short signal on a break lower from this consolidation, but I missed it. I was working on some other stuff not paying attention. Was a good signal and trade.
The market continued lower breaking through yesterdays lows.There were a couple of small rallies and consolidations that could have been traded, but again I was focused on other things so missed these.
There was a strong rally in the 2,000 tick chart at about 5 am that then declined into a sell signal. Took 2 short @ 2347.25. Target @ 2346.25.
The market took an immediate head spin forming a higher short term low in the 2,000 tick and giving us a buy signal. Flipped the trade taking 8 long @ 2349.50. 2 to cover the shorts and 6 for recovery. Target @ 2350.50.
Target hit, we are flat with $55 profit.
This is a good example of how the recovery process get's us out of the losing trade, recovers our loses and give us a profit on the recovery trade.
10,00 tick gives us a buy signal. Took 2 long @ 2352.25. Target @ 2353.25.
Target hit, we are flat with $151 profit.
Shallow pullback then rally into a buy signal on 2,000 and 10,000 tick charts. Took 2 long @ 2354.00. Target @2355.00.
No follow through. 2,000 tick test last rally high, found resistance, formed lower high and declined into a sell signal. Took 7 short @ 2352.10. 2 to cover the longs and 5 for recovery. Target @ 2351.00.
Target hit, we are flat with $234 profit.
10,000 tick gives us a sell signal. Took 2 short @ 2348.00. Target 2347.00
Target hit, we are flat with $329 profit.
2,000 tick rallied, consolidated at a lower high then declined into a sell signal. Took 2 short @ 2349.25. Target @ 2348.25.
Target hit, we are flat with $424 profit.
Switch to Real Money Account for Open Trade
All signals for the open trade were pointing in the long direction.
A couple minutes prior to the open the 2,000 tick chart gave us a buy signal off a shallow pull back. Took 2 long @ 2353.25. Set the target @ 2354.25. Coming into the open the 30 min was advancing and looked like the open would be about 2354.50 so I pushed to the Target up. Market opened ans I was immediately taken out for a profit of $120.
2,000 tick pulled back was choppy then rallied through the open high and gave us a buy signal. Took 1 long @ 2355.25. Target @ 2356.25.
Target hit, we are flat with $165 profit.
Today's profit puts us over $5,000 of profit in the Real Money Account since starting on February 24th, 2017. 12 weeks to reach this goal. We keep this pace up and we are on track for an annualized ROI of 22%.
Switch to Simulation Account
Shallow PB in the 2,000 tick then rally into a buy signal. Took 2 long @2357.25. Target @ 2358.25.
Target hit, we are flat with $519 profit.
2,000 tick forms a double test then declines below last low and give a second sell signal. Took 2 short @ 2356.25. Target @ 2355.25.
Target hit, We are flat with %615 profit.
10,000 tick gives us a sell signal. Took 2 short @ 2354.25. Target @ 2353.25.
After a will ride in some high volatility our target was hit, we are flat with $710 profit.
I got suckered into what looked like a double test of support in the 2,000 tick chart. Took 2 long @ 2355.25. Target @ 2356.25.
Volatility continues with a downward tendency.
30 min chart gives me a buy signal @ 9 am.
Market rallies into my target, we are flat with $805 profit.
10,000 tick gives us a buy signal as it is breaking out of the morning range. Took 2 long @ 2358.75. Target @ 2360.00.
Target hit, we are flat with $925 profit.
2,000 tick pulls back then rallies into a buy signal. Took 2 long @ 2361.25. Target @ 2362.35.
Target hit, we are flat with $1,020 profit.
2,000 tick pulls back into last consolidation then rallies into a buy signal. Took 2 long @ 2362.25. Target @ 2363.25.
Target hit, we are flat with $1116 profit.
Some choppy price action then a break higher to a signal on the 2,000 tick which I missed in the fast market.
The 9:30 - 30 min chart gives us a buy signal. Based on the statistics gathered to date, this signal has a 100% success rate on Thursdays. Took 2 long at 2365.25. Target @ 2366.50.
Target hit, we are flat with $1223 profit.
Pull back on the 2,000 tick into the previous low, then rally into a buy signal. Took 2 long @ 2366.75. Target @ 2367.75.
No follow through. 2,000 tick pulls back to below previous lows. Give two sell signals in a row. Flipped trade. Took 8 short @ 2364.25. 2 to cover the longs and 6 for recovery. Target @ 2363.25.
Target hit, we are flat with $1254 profit.
This is the first flip we have had in the regular hours. Will take it as a sign and call it a day, it is just about 10 am.
Daily Summary and Charts below.
Well yesterday the market closed the gap from a couple of weeks ago in spectacular fashion dropping from near historic highs to the bottom of that gap, over 40 points.
It looked like a market wide decline as the volume of decliners dwarfed advancers in the broad market.
Should make for another interesting day today.
Here is another one of the Swing trade strategies I am tracking. This based on Larry Williams Best Trading Days of the Month concepts. The action yesterday stopped me out of a long trade and gave me a good profit in a short trade in the same strategy. I allow myself to be both long and short at the same time. To do this on reality would require two separate accounts.
This is the equity chart since January 2017, when I started tracking this.
From yesterdays close the market rallied back about 10 point on higher than normal volume for the overnight trading. We will let it settle down and see if any good opportunities present themselves.
At about 2:00 am the market had rallied into a resistance level from yesterday. There was a little pullback and consolidation that I was watching either for a continuation of the long trend or a reversal to short.
We got a short signal on a break lower from this consolidation, but I missed it. I was working on some other stuff not paying attention. Was a good signal and trade.
The market continued lower breaking through yesterdays lows.There were a couple of small rallies and consolidations that could have been traded, but again I was focused on other things so missed these.
There was a strong rally in the 2,000 tick chart at about 5 am that then declined into a sell signal. Took 2 short @ 2347.25. Target @ 2346.25.
The market took an immediate head spin forming a higher short term low in the 2,000 tick and giving us a buy signal. Flipped the trade taking 8 long @ 2349.50. 2 to cover the shorts and 6 for recovery. Target @ 2350.50.
Target hit, we are flat with $55 profit.
This is a good example of how the recovery process get's us out of the losing trade, recovers our loses and give us a profit on the recovery trade.
10,00 tick gives us a buy signal. Took 2 long @ 2352.25. Target @ 2353.25.
Target hit, we are flat with $151 profit.
Shallow pullback then rally into a buy signal on 2,000 and 10,000 tick charts. Took 2 long @ 2354.00. Target @2355.00.
No follow through. 2,000 tick test last rally high, found resistance, formed lower high and declined into a sell signal. Took 7 short @ 2352.10. 2 to cover the longs and 5 for recovery. Target @ 2351.00.
Target hit, we are flat with $234 profit.
10,000 tick gives us a sell signal. Took 2 short @ 2348.00. Target 2347.00
Target hit, we are flat with $329 profit.
2,000 tick rallied, consolidated at a lower high then declined into a sell signal. Took 2 short @ 2349.25. Target @ 2348.25.
Target hit, we are flat with $424 profit.
Switch to Real Money Account for Open Trade
All signals for the open trade were pointing in the long direction.
A couple minutes prior to the open the 2,000 tick chart gave us a buy signal off a shallow pull back. Took 2 long @ 2353.25. Set the target @ 2354.25. Coming into the open the 30 min was advancing and looked like the open would be about 2354.50 so I pushed to the Target up. Market opened ans I was immediately taken out for a profit of $120.
2,000 tick pulled back was choppy then rallied through the open high and gave us a buy signal. Took 1 long @ 2355.25. Target @ 2356.25.
Target hit, we are flat with $165 profit.
Today's profit puts us over $5,000 of profit in the Real Money Account since starting on February 24th, 2017. 12 weeks to reach this goal. We keep this pace up and we are on track for an annualized ROI of 22%.
Switch to Simulation Account
Shallow PB in the 2,000 tick then rally into a buy signal. Took 2 long @2357.25. Target @ 2358.25.
Target hit, we are flat with $519 profit.
2,000 tick forms a double test then declines below last low and give a second sell signal. Took 2 short @ 2356.25. Target @ 2355.25.
Target hit, We are flat with %615 profit.
10,000 tick gives us a sell signal. Took 2 short @ 2354.25. Target @ 2353.25.
After a will ride in some high volatility our target was hit, we are flat with $710 profit.
I got suckered into what looked like a double test of support in the 2,000 tick chart. Took 2 long @ 2355.25. Target @ 2356.25.
Volatility continues with a downward tendency.
30 min chart gives me a buy signal @ 9 am.
Market rallies into my target, we are flat with $805 profit.
10,000 tick gives us a buy signal as it is breaking out of the morning range. Took 2 long @ 2358.75. Target @ 2360.00.
Target hit, we are flat with $925 profit.
2,000 tick pulls back then rallies into a buy signal. Took 2 long @ 2361.25. Target @ 2362.35.
Target hit, we are flat with $1,020 profit.
2,000 tick pulls back into last consolidation then rallies into a buy signal. Took 2 long @ 2362.25. Target @ 2363.25.
Target hit, we are flat with $1116 profit.
Some choppy price action then a break higher to a signal on the 2,000 tick which I missed in the fast market.
The 9:30 - 30 min chart gives us a buy signal. Based on the statistics gathered to date, this signal has a 100% success rate on Thursdays. Took 2 long at 2365.25. Target @ 2366.50.
Target hit, we are flat with $1223 profit.
Pull back on the 2,000 tick into the previous low, then rally into a buy signal. Took 2 long @ 2366.75. Target @ 2367.75.
No follow through. 2,000 tick pulls back to below previous lows. Give two sell signals in a row. Flipped trade. Took 8 short @ 2364.25. 2 to cover the longs and 6 for recovery. Target @ 2363.25.
Target hit, we are flat with $1254 profit.
This is the first flip we have had in the regular hours. Will take it as a sign and call it a day, it is just about 10 am.
Daily Summary and Charts below.
Comments
Post a Comment