May 3rd, 2017. Trading Day
Pre-Market Simulation
The market was fading lower from yesterdays close.
The 2:30am 30 min bar broke lower and gave a sell signal.
Went Short 1 @ 2381.50. Target at 2380.50.
I've been kind of distracted and have not really paid attention to this trade as well as I should be.
It did not follow thru and I could have flipped it long, recovered the small loss and made a profit, but I missed that opportunity.
Now we are coming into the open and I have this short position.
If the open gives me a short signal I will add to it and manage it normally.
If the open gives me a long signal I will flip it and then manage it normally.
We'll be taking a 30 min signal on the open since the 10,000 tick will not close before 8:30 am.
Again, the market has been sideways in a tight range for most of the morning.
OK, we got a sell signal on the open. Took 2 short @ 2381.75. Set the target on 2 at 2380.50 and the remaining contract target set @2379.75.
First 2 contract taken out very quickly on target.
The market started to move up and we saw a higher low in the 2,000 tick followed by a buy signal, so we reversed our short trade.
Took 3 contract long @ 2382.25. 1 to cover the short and 2 for recovery. Target set at 2383.25.
Target was hit quickly and we are flat with $175.00 profit so far.
The 10,000 tick chart closed with a long signal just before we closed out the last trade.
The market immediately dropped so we will look for an entry on the 2,000 tick chart.
Got another pullback into a higher low the a rally which gave us another buy signal.
Took 1 contract Long @ 2382.75. Target set at 2383.75.
Market is very undecided this morning making it a dangerous place to trade.
It move lower and the 10,000 tick chart gave us a sell signal.
Took 5 contracts short @ 2380.25. 1 to cover the long and 4 to recover. Target set at 2379.25.
Target hit and we are flat with $238.00 profit.
So far we have been trading in a tight range with the market bouncing between the high and low.
Is only about a 4 point range.
We rallied back into a 10,000 tick buy signal. The 2,000 tick chart was making a higher low about the same time and we have some room to resistance so we took it Long at 2382.50 with a target at 2383.50.
The market did another head spin and started to move lower.
The 10,000 tick chart gave me a short signal. Took 7 short at 2378.25. 1 to cover the long and 6 for recovery. Target @ 2377.00
Target hit and we are flat with $384.00 profit.
So now that we have broken lower we will be looking for continuation trades in the 10,000 and 2,000 tick charts.
Short @ 10,000 tick chart @ 2377.00. Target @ 2376.00.
The 10:00 am 30 min bar gave us a sell signal at 2377.50 so adjusted the Target on our open target to 2376.50.
Market starts back up and the 2,000 tick is rallying of a pause and gives us a buy signal.
The 2,000 tick charts have called the moves well so far today, so will take this long for 3 contracts @ 2377.25. 1 to cover the short and 2 for recovery. Target @2378.25.
Target hit we are flat with $414.00 profit.
Another buy signal on the 10,000 tick chart supported by a pullback to a higher low and rally in the 2,000. Long 1 @ 2379.25. Target @2380.25.
Target hit we are flat with $462.00 profit.
The market is approaching a down trendline extending from late yesterday into this mornings activity. So far this trendline has presented strong resistance.
The 10,000 tick gives us a buy signal right on the trendline. The 2,000 tick is pulling back from a higher high. Took 1 long @2380.00. Target @ 2381.00.
We broke that trendline and hit the target we are flat with $509.00 profit.
We got another continuation trade off the 2,000 tick chart as it advanced off a higher low. Long 1 @2381.75. Target @2382.75.
No follow through on this trade. See resistance at the early morning highs.
Consolidated for a period, formed lower highs on the 2,000 tick then gave a sell signal.
Sold 4 @ 2380.50. 1 to cover the long and 3 for recovery. Target set @ 2379.50.
Took a while, but the target was hit.
We are flat with $587.00 profit.
It's about 12:30 and I have a meeting in half an hour so I am going to call it a day.
Attached below are the Trade Summary, Daily chart and equity chart for today.
The market was fading lower from yesterdays close.
The 2:30am 30 min bar broke lower and gave a sell signal.
Went Short 1 @ 2381.50. Target at 2380.50.
I've been kind of distracted and have not really paid attention to this trade as well as I should be.
It did not follow thru and I could have flipped it long, recovered the small loss and made a profit, but I missed that opportunity.
Now we are coming into the open and I have this short position.
If the open gives me a short signal I will add to it and manage it normally.
If the open gives me a long signal I will flip it and then manage it normally.
We'll be taking a 30 min signal on the open since the 10,000 tick will not close before 8:30 am.
Again, the market has been sideways in a tight range for most of the morning.
OK, we got a sell signal on the open. Took 2 short @ 2381.75. Set the target on 2 at 2380.50 and the remaining contract target set @2379.75.
First 2 contract taken out very quickly on target.
The market started to move up and we saw a higher low in the 2,000 tick followed by a buy signal, so we reversed our short trade.
Took 3 contract long @ 2382.25. 1 to cover the short and 2 for recovery. Target set at 2383.25.
Target was hit quickly and we are flat with $175.00 profit so far.
The 10,000 tick chart closed with a long signal just before we closed out the last trade.
The market immediately dropped so we will look for an entry on the 2,000 tick chart.
Got another pullback into a higher low the a rally which gave us another buy signal.
Took 1 contract Long @ 2382.75. Target set at 2383.75.
Market is very undecided this morning making it a dangerous place to trade.
It move lower and the 10,000 tick chart gave us a sell signal.
Took 5 contracts short @ 2380.25. 1 to cover the long and 4 to recover. Target set at 2379.25.
Target hit and we are flat with $238.00 profit.
So far we have been trading in a tight range with the market bouncing between the high and low.
Is only about a 4 point range.
We rallied back into a 10,000 tick buy signal. The 2,000 tick chart was making a higher low about the same time and we have some room to resistance so we took it Long at 2382.50 with a target at 2383.50.
The market did another head spin and started to move lower.
The 10,000 tick chart gave me a short signal. Took 7 short at 2378.25. 1 to cover the long and 6 for recovery. Target @ 2377.00
Target hit and we are flat with $384.00 profit.
So now that we have broken lower we will be looking for continuation trades in the 10,000 and 2,000 tick charts.
Short @ 10,000 tick chart @ 2377.00. Target @ 2376.00.
The 10:00 am 30 min bar gave us a sell signal at 2377.50 so adjusted the Target on our open target to 2376.50.
Market starts back up and the 2,000 tick is rallying of a pause and gives us a buy signal.
The 2,000 tick charts have called the moves well so far today, so will take this long for 3 contracts @ 2377.25. 1 to cover the short and 2 for recovery. Target @2378.25.
Target hit we are flat with $414.00 profit.
Another buy signal on the 10,000 tick chart supported by a pullback to a higher low and rally in the 2,000. Long 1 @ 2379.25. Target @2380.25.
Target hit we are flat with $462.00 profit.
The market is approaching a down trendline extending from late yesterday into this mornings activity. So far this trendline has presented strong resistance.
The 10,000 tick gives us a buy signal right on the trendline. The 2,000 tick is pulling back from a higher high. Took 1 long @2380.00. Target @ 2381.00.
We broke that trendline and hit the target we are flat with $509.00 profit.
We got another continuation trade off the 2,000 tick chart as it advanced off a higher low. Long 1 @2381.75. Target @2382.75.
No follow through on this trade. See resistance at the early morning highs.
Consolidated for a period, formed lower highs on the 2,000 tick then gave a sell signal.
Sold 4 @ 2380.50. 1 to cover the long and 3 for recovery. Target set @ 2379.50.
Took a while, but the target was hit.
We are flat with $587.00 profit.
It's about 12:30 and I have a meeting in half an hour so I am going to call it a day.
Attached below are the Trade Summary, Daily chart and equity chart for today.
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