June 1st, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $135, Sim Trade Profit $708

Opening Comments

Starting a new day and a new month.
A quick note on the Blog.
I am getting about 100 hits per day and a few likes.
Would be nice to hear some comments.

The overnight activity in the S&P was pretty typical. SWS in a narrow range

Real Money Trading S&P 500 e-Mini

3:57 - 10,000 tick gives us a buy signal. Took 1 long @2414.00. Target @ 2415.00
It took a while and we went through a pullback and some uncertainty, but finally the target was hit and we are flat with $45 profit.

Now we can get set up for the open trade.
All indications coming into the open were for a long trade. Took 2 long on the open @ 2416.00. Target 2417.00.
Did not follow through to the upside. 2,000 tick declined into 2 consecutive sell signals. Flipped trade. 8:33 - Took 7 short @ 2414.25. 2 to cover the longs and 5 for recovery.
Target hit, we are flat with $100 profit.

2,000 tick pulled back then rallied into 2 consecutive buy signals. 8:46 - Took 1 long @ 2416.00. Target @ 2417.00.
Target hit, we are flat with  $150 profit.

Time to switch the the simulation.

Simulation Trading Bonds

As of this morning our Bond trade is in profit.
We will exit on the next profitable open.
The rally in the market to day put some stress on our Bond Trade.
We will stick with the plan to take it out on tomorrow open if it is still in profit.

Simulation Trading S&P 500 e-Mini

8:51 - 10,000 tick gives us a buy signal. Took 2 long @ 2417.00. Target @ 2418.00.
No follow through, 2,000 tick declines into a higher short term low, rallies and declines again of a lower short term high into a sell signal. Flipped trade. 9:05 took 8 short @ 2415.00. 2 to cover the longs and 6 for recovery. Target @ 2414.00.
Target hit, we are flat with $80 profit.

2,000 tick consolidates, tests support then rallies into a second buy signal off support. 9:15 - Took 2 long @ 2415.75. Target @ 2416.75.
No follow through. 2,000 tick pulled back from a rally into a previous resistance level, then declined into 2 consecutive sell signals. Took 7 contract short @ 2414.75. 2 to cover the longs and 5 for recovery. Target @ 2413.75.
Target hit, we are flat with $214 profit.

2,000 tick breaks lower out of the consolidation range it had been in for a while and gave a sell signal. 9:51 - Took 2 short @ 2413.50. Target @ 2412.50.
Break down did not follow through. 2,000 tick rallied into 2 consecutive buy signals. Took 8 long @ 2415.25. 2 to cover the shorts and 6 for recovery. Target @ 2416.25.
Target hit, we are flat with $319 profit.

10:16 - 10,000 tick gives us a buy signal. Took 2 long @ 2416.50. Target @ 2417.50.
Target hit, we are flat with $415 profit.

2,000 tick pulled back then rallied off a higher short term low into a consolidation the broke higher into a buy signal. Took 2 long @ 2417.50. Target @ 2418.50.
Target hit, we are flat with $535 profit.

11:00 - 10,000 tick gives us a buy signal. Took 2 long @ 2419.50. Target @ 2410.50.
Target hit, we are flat with $630 profit.

2,000 tick pulled back slightly then rallied into a buy signal. 11:15 - Took 2 long @ 2420.50. Target 2421.50.
No follow through. 2,000 tick declined off the high into 2 consecutive sell signals. Flipped trade. 11:26 - Took 4 short @ 2420.00. 2 to cover the longs and 2 for recovery. Target 2419.00.
No follow through on the short. 2,000 tick breaks higher into buy signal. Flipped trade. 11:35 took 7 long @ 2421.00. 2 to cover the shorts and 5 for recovery. Target 2422.00.
Target hit, we are flat with $708 profit.

Time to call it a day.

Daily Summary & Charts



























































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