May 26th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Sim Trade Profit $535
Update on Memorial Day Trade
The rule for this trade was to enter on the open 2 trading days before the holiday.
The holiday is on Monday making Thursday the entry day.
Entry day was yesterday, the market opened at 2,403.00.
Exit on the first profitable open.
The market opened today at 2413.00 giving us 10 points on the trade.
Pre-Market Simulation Trades
Was not focused on the market this morning so missed a couple of good opportunities.
7:23 - 10,000 tick gives us a sell signal. Statistically this trade has a 85% probability of success. Took 2 short @ 2409.75. Target @ 2408.75.
Trade did not follow through and the 2,000 tick gave us 2 consecutive buy signals coming off the morning low. Flipped trade. 7:32 - took 5 long @ 2410.75. 2 to cover the shorts and 3 for recovery. Target 2411.75.
Target hit, we are flat with $38 profit.
Switch to Real Account for Open Trade.
All signals coming into the open where for a long trade. Took 2 long @ 2411.75. Target @ 2412.75.
Target hit, we are flat with $90 profit.
Switch to Simulation Account.
2,000 tick pull back off short rally at the open then rallied from higher short term low into a buys signal. 8:35 - Took 2 long @ 2412.50. Target @ 2413.50.
Target hit, we are flat with $133 profit.
8:48 - 10,000 tick gives us a buy signal. Took 2 long @ 2413.00. Target @ 2414.00.
Target hit, we are flat with $228 profit.
The 9:00 - 30 min bar gave us a buy signal. Took 2 long @ 2413.75. Target @ 2414.75.
Target hit, we are flat with $321 profit
2,000 tick rallies off higher short term low into a buy signal. 9:04 - Took 2 long @ 2414.75. Target @ 2415.75.
No follow through. 2,000 tick pulls back, breaks previous low and gives 2 consecutive sell signals. Flipped trade. 9:10 - Took 6 short @ 2413.25. 2 to cover the longs and 4 for recovery. Target 2412.25.
No follow through. 2,000 tick rallied off the low then pulled back and rallied off a higher short term low into a buy signal. Flipped trade. Took 12 long @ 2413.75. 4 to cover the shorts and 8 for recovery. Target @ 2414.75.
Some signs that the market may be getting range bound and wanting to go SWS.
Target hit, we are flat with $440 profit.
2,000 tick declines of high giving 2 consecutive sell signals. 9:53 - took 2 short @ 2413.50. Target @ 2412.50.
Not liking this range we seem to be bouncing around in.
Target hit, we are flat with $535 profit.
Market is stuck in the SWS motion giving signals inside the range.
Will pass until it breaks in one direction or the other.
Just before 11:00 am the market breaks lower and the 30 min chart gives us a sell signal at 11:00 am. Took 2 short @ 2412.25. Target @ 2411.25.
This trade did not follow through, but I did not take any of the mid range buy signals to reverse the trade. Will hold this short until we either break out of this range or it hits the target.
I moved the target up to 2412.00.
This was a really unusual day. the market went sideways in a very narrow range from shortly after the open at about 9:00 am into the close. Only about 2 points of movement within that range.
I am still holding the trade from 11:00 am into the close and will now hold it over the long weekend.
Moved the target down to 2410.00 just in case the market gaps lower on the open after the weekend. If it runs up we will deal with that later.
Daily Summary & Charts
The rule for this trade was to enter on the open 2 trading days before the holiday.
The holiday is on Monday making Thursday the entry day.
Entry day was yesterday, the market opened at 2,403.00.
Exit on the first profitable open.
The market opened today at 2413.00 giving us 10 points on the trade.
Pre-Market Simulation Trades
Was not focused on the market this morning so missed a couple of good opportunities.
7:23 - 10,000 tick gives us a sell signal. Statistically this trade has a 85% probability of success. Took 2 short @ 2409.75. Target @ 2408.75.
Trade did not follow through and the 2,000 tick gave us 2 consecutive buy signals coming off the morning low. Flipped trade. 7:32 - took 5 long @ 2410.75. 2 to cover the shorts and 3 for recovery. Target 2411.75.
Target hit, we are flat with $38 profit.
Switch to Real Account for Open Trade.
All signals coming into the open where for a long trade. Took 2 long @ 2411.75. Target @ 2412.75.
Target hit, we are flat with $90 profit.
Switch to Simulation Account.
2,000 tick pull back off short rally at the open then rallied from higher short term low into a buys signal. 8:35 - Took 2 long @ 2412.50. Target @ 2413.50.
Target hit, we are flat with $133 profit.
8:48 - 10,000 tick gives us a buy signal. Took 2 long @ 2413.00. Target @ 2414.00.
Target hit, we are flat with $228 profit.
The 9:00 - 30 min bar gave us a buy signal. Took 2 long @ 2413.75. Target @ 2414.75.
Target hit, we are flat with $321 profit
2,000 tick rallies off higher short term low into a buy signal. 9:04 - Took 2 long @ 2414.75. Target @ 2415.75.
No follow through. 2,000 tick pulls back, breaks previous low and gives 2 consecutive sell signals. Flipped trade. 9:10 - Took 6 short @ 2413.25. 2 to cover the longs and 4 for recovery. Target 2412.25.
No follow through. 2,000 tick rallied off the low then pulled back and rallied off a higher short term low into a buy signal. Flipped trade. Took 12 long @ 2413.75. 4 to cover the shorts and 8 for recovery. Target @ 2414.75.
Some signs that the market may be getting range bound and wanting to go SWS.
Target hit, we are flat with $440 profit.
2,000 tick declines of high giving 2 consecutive sell signals. 9:53 - took 2 short @ 2413.50. Target @ 2412.50.
Not liking this range we seem to be bouncing around in.
Target hit, we are flat with $535 profit.
Market is stuck in the SWS motion giving signals inside the range.
Will pass until it breaks in one direction or the other.
Just before 11:00 am the market breaks lower and the 30 min chart gives us a sell signal at 11:00 am. Took 2 short @ 2412.25. Target @ 2411.25.
This trade did not follow through, but I did not take any of the mid range buy signals to reverse the trade. Will hold this short until we either break out of this range or it hits the target.
I moved the target up to 2412.00.
This was a really unusual day. the market went sideways in a very narrow range from shortly after the open at about 9:00 am into the close. Only about 2 points of movement within that range.
I am still holding the trade from 11:00 am into the close and will now hold it over the long weekend.
Moved the target down to 2410.00 just in case the market gaps lower on the open after the weekend. If it runs up we will deal with that later.
Daily Summary & Charts
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