May 30th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $190 , Sim Trade Profit $794
The Holiday is over, let's get back to the real world.
The market re-opened at 17:00 as usual yesterday afternoon and started to decline. Almost hit the target I had on the Sim trade held from Friday, then rallied.
Is now looking like it is setting up for a short signal off the rally.
Real Money Trading
Last week I said I need to learn to transition from the Simulation into the Real World.
So, this week I am going to make the Pre-Market trades in the Real Money Account.
2:00 - The 2,000 tick gave us a sell signal declining off the rally into a lower short term low. Took 1 short @2411.00. Target @ 2410.00.
Target hit, we are flat with $45. profit.
The 2,000 tick rallied and made a slightly lower short term high, could be seen as a second test or the resistance level, then declined into a sell signal. However, the sequence has the appearance of going sideways and consolidating so I will not take this short trade.
This trade took a while but did turn out to be profitable.
Now coming into the open, the market has rallied into a lower short term high on the 2,000 tick and then declined into a sell signal. All other charts are also leaning towards the short side.
The last 10,000 tick bar closed before 8:00 and is not considered relevant.
Placed an order for 2 short @ 2410.00. got filled on the open. Target @ 2409.00.
Target hit, we are flat with $140 profit.
2,000 tick rallied off a higher short term low into a buy signal. 10,000 tick also gives a buy signal. 8:36 took 1 long @ 2411.50. Target @2412.50.
Target hit, we are flat with $190 profit.
That's three solid trades in the Real Money Account today
Switch to Simulation Account
The move lower at 2:15 took out the trade held from Friday.
We are flat with $222 profit.
Got messed up with the 30 min bar @ 9:00am. It gave a buy signal, but I put the order in to late and it had already moved one point. So I took it out right away at break even, Cost me the commissions.
About the same time the 2,000 tick was giving me a sell signal. While messing around with the 30 min trade the market rallied a bit so I took 2 short at a better price of 2411.75. Target @ 2410.75.
Target was hit, got back my costs on the previous trade and we have $313 profit.
2,000 tick declined out of a small rally into a lower short term high into a sell signal. 9:08 - Took 2 short @ 2410.00. Target @ 2409.00.
Target hit, we are flat with $408 profit.
9:15 - 10,000 tick gives us a sell signal. Took 2 short @ 2409.00. Target @ 2408.00.
Target hit, we are flat with $503 profit.
2,000 tick rallies off the overnight low into 2 consecutive buy signals. Took 2 long @ 2409.75. Target @ 2410.75.
Target hit, we are flat with $598 profit.
9:52 - 10,000 tick gives us a buy signal. Took 2 long @ 2412.00. Target @ 2413.00.
No follow through. Price consolidated just below the day high then the 2,000 tick broke lower and gave us a sell signal. Flipped trade. Took 5 short @ 2411.75. 2 to cover the longs and 3 for recovery. Target @ 2410.75
Uncertainty in the market already today as it has started going sideways.
Moved the target up inside the consolidation to 2411.25.
Target hit, we are flat with $636 profit.
We will wait for the market to break out of this SWS consolidation for the next trade.
11:23 - Price breaks higher out of consolidation and both the 2,000 and 10,000 tick give us a buy signals. Take 2 long @ 2413.50. Target @ 2414.50.
Target hit, we are flat with $729 profit.
2,000 tick pulls back, makes a higher short term low then advances into a buy signal. 12:00 - Took 2 long @ 2413.50. Target @ 2414.50.
No follow through. 2,000 tick rallied then pulled back from a lower short term high, breaking the previous low and giving us a sell signal. Flipped trade. Took 5 short @ 2412.75. 2 to cover the longs and 3 for recovery. Target @ 2411.75.
Target hit, we are flat with $794 profit.
The rest of the day was pretty choppy and SWS until about 15:00, to late in the day for me.
Daily Summary & Chart
The market re-opened at 17:00 as usual yesterday afternoon and started to decline. Almost hit the target I had on the Sim trade held from Friday, then rallied.
Is now looking like it is setting up for a short signal off the rally.
Real Money Trading
Last week I said I need to learn to transition from the Simulation into the Real World.
So, this week I am going to make the Pre-Market trades in the Real Money Account.
2:00 - The 2,000 tick gave us a sell signal declining off the rally into a lower short term low. Took 1 short @2411.00. Target @ 2410.00.
Target hit, we are flat with $45. profit.
The 2,000 tick rallied and made a slightly lower short term high, could be seen as a second test or the resistance level, then declined into a sell signal. However, the sequence has the appearance of going sideways and consolidating so I will not take this short trade.
This trade took a while but did turn out to be profitable.
Now coming into the open, the market has rallied into a lower short term high on the 2,000 tick and then declined into a sell signal. All other charts are also leaning towards the short side.
The last 10,000 tick bar closed before 8:00 and is not considered relevant.
Placed an order for 2 short @ 2410.00. got filled on the open. Target @ 2409.00.
Target hit, we are flat with $140 profit.
2,000 tick rallied off a higher short term low into a buy signal. 10,000 tick also gives a buy signal. 8:36 took 1 long @ 2411.50. Target @2412.50.
Target hit, we are flat with $190 profit.
That's three solid trades in the Real Money Account today
Switch to Simulation Account
The move lower at 2:15 took out the trade held from Friday.
We are flat with $222 profit.
Got messed up with the 30 min bar @ 9:00am. It gave a buy signal, but I put the order in to late and it had already moved one point. So I took it out right away at break even, Cost me the commissions.
About the same time the 2,000 tick was giving me a sell signal. While messing around with the 30 min trade the market rallied a bit so I took 2 short at a better price of 2411.75. Target @ 2410.75.
Target was hit, got back my costs on the previous trade and we have $313 profit.
2,000 tick declined out of a small rally into a lower short term high into a sell signal. 9:08 - Took 2 short @ 2410.00. Target @ 2409.00.
Target hit, we are flat with $408 profit.
9:15 - 10,000 tick gives us a sell signal. Took 2 short @ 2409.00. Target @ 2408.00.
Target hit, we are flat with $503 profit.
2,000 tick rallies off the overnight low into 2 consecutive buy signals. Took 2 long @ 2409.75. Target @ 2410.75.
Target hit, we are flat with $598 profit.
9:52 - 10,000 tick gives us a buy signal. Took 2 long @ 2412.00. Target @ 2413.00.
No follow through. Price consolidated just below the day high then the 2,000 tick broke lower and gave us a sell signal. Flipped trade. Took 5 short @ 2411.75. 2 to cover the longs and 3 for recovery. Target @ 2410.75
Uncertainty in the market already today as it has started going sideways.
Moved the target up inside the consolidation to 2411.25.
Target hit, we are flat with $636 profit.
We will wait for the market to break out of this SWS consolidation for the next trade.
11:23 - Price breaks higher out of consolidation and both the 2,000 and 10,000 tick give us a buy signals. Take 2 long @ 2413.50. Target @ 2414.50.
Target hit, we are flat with $729 profit.
2,000 tick pulls back, makes a higher short term low then advances into a buy signal. 12:00 - Took 2 long @ 2413.50. Target @ 2414.50.
No follow through. 2,000 tick rallied then pulled back from a lower short term high, breaking the previous low and giving us a sell signal. Flipped trade. Took 5 short @ 2412.75. 2 to cover the longs and 3 for recovery. Target @ 2411.75.
Target hit, we are flat with $794 profit.
The rest of the day was pretty choppy and SWS until about 15:00, to late in the day for me.
Daily Summary & Chart
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