June 22nd, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $472, Sim Trade Profit $0
Opening Comments
The market opened a bit lower, but has maintained the same range bond structure as yesterday afternoon.
Pretty messy chart since about 13:30 yesterday. Stuck in a 4 point range and no flow.
We need a break out to show us some direction.
Sim Account remains stuck in the long position.
Will keep working the average price down as opportunity allows.
Our daily target in the Real Money account, for this week, is $250.
Real Money Trading S&P 500 e-Mini
Pretty quite morning so far.
Nothing significant happened at the European open.
We are still range bound.
Coming into the open all signals are pointing to a long trade.
Took 2 long @ 2433.50 just before the open. Target @ 3434.50
No follow through on the long side off the open.
2,000 tick declined into 2 consecutive sell signals, I hesitated, there was a small rally then a decline into another sell signal. I placed an order to flip the trade on this second signal.
8:37 took 8 short @ 2431.25. 2 to cover the longs and 6 for recovery. Target @ 2430.25.
Target hit, we are flat with a profit of $35
2,000 tick rallies of recent low into 2 consecutive buy signals.
8:49 - Took 1 long @ 2432.75. Target @ 2433.75.
Target was touched but not filled.
Market moves lower. 2,000 tick declines off a lower short term high into a sell signal.
9:11 - Took 4 short @ 2431.50. 1 to cover the long and 3 for recovery. Target @ 2430.50.
The market is having a hard time deciding which way to go this morning, still stuck in this trading range left over from yesterday.
If this short trade does not go our way we will have to go to Plan B and manage our way out of it.
Target is hit, we are flat with a profit of $102.
Right after getting filled the market did another head spin and rallied back to the top of the range. Very hard to trade this effectively. Need it to break out in one direction or the other.
OK, we did break to the upside, now we need a pullback to support then a rally into a buy signal.
9:51 - the 10,000 tick gives us a buy signal on the break out. Took 1 long @ 1435.75. Target @ 2437.00.
Target hit, we are flat with $160 profit.
2,000 tick declined off recent high into 2 consecutive sell signals.
10:18 took 1 short @ 2436.50. Target @ 2435.50
No follow through. 2,000 tick rallied into 2 consecutive buy signals. Hesitated a bit got in late @ 2438.00. Target @ 2439.00.
No follow through again. 2,000 tick declined off the second test of resistance @ 2438.00 into 2 consecutive sell signals. Flipped Trade.
10:46 - took 9 short @ 2436.25. 2 to cover the longs and 7 for recovery. Target @ 2435.00.
If this goes against us we are definitely in Plan B territory.
The market went up and down inside the trading range for most of the day. At one stage as the market came close to my target and appeared to be ready to break down I lowered my target to 2434.50. The target was not hit and the market rallied back to the top of the range.
Finally near the end of the trading session the market declined, broke down through support and hit my target. We are flat with a profit of $472.
We have exceeded our profit target.
Switching to the Sim Account.
Simulation Trading LW Best TDOM Bonds
We are 1 long @ 156 7/32nd's
First exit day is 23/06/17
At the end of the day we are in profit. Placed an order to sell this position @ 156 22/32
Next TDOM entry date is 23/06/17. Placed an order to buy 1 @ 156 14/32
Simulation Trading S&P 500 e-Mini
Closed out yesterday holding 35 contracts long at an average price of 2440.50.
Added a couple of contracts yesterday, trying to get the average price down into the trading range.
Will continue that strategy today as the market allows.
Did not do anything with the Sim Account today.
I spent all day managing the Real Money account.
Still in the same position at the end of the day.
Daily Summary & Charts
Was a back and forth day. Win one lose one.
Fortunately the last trade of the day made it all worth while.
The market opened a bit lower, but has maintained the same range bond structure as yesterday afternoon.
Pretty messy chart since about 13:30 yesterday. Stuck in a 4 point range and no flow.
We need a break out to show us some direction.
Sim Account remains stuck in the long position.
Will keep working the average price down as opportunity allows.
Our daily target in the Real Money account, for this week, is $250.
Real Money Trading S&P 500 e-Mini
Pretty quite morning so far.
Nothing significant happened at the European open.
We are still range bound.
Coming into the open all signals are pointing to a long trade.
Took 2 long @ 2433.50 just before the open. Target @ 3434.50
No follow through on the long side off the open.
2,000 tick declined into 2 consecutive sell signals, I hesitated, there was a small rally then a decline into another sell signal. I placed an order to flip the trade on this second signal.
8:37 took 8 short @ 2431.25. 2 to cover the longs and 6 for recovery. Target @ 2430.25.
Target hit, we are flat with a profit of $35
2,000 tick rallies of recent low into 2 consecutive buy signals.
8:49 - Took 1 long @ 2432.75. Target @ 2433.75.
Target was touched but not filled.
Market moves lower. 2,000 tick declines off a lower short term high into a sell signal.
9:11 - Took 4 short @ 2431.50. 1 to cover the long and 3 for recovery. Target @ 2430.50.
The market is having a hard time deciding which way to go this morning, still stuck in this trading range left over from yesterday.
If this short trade does not go our way we will have to go to Plan B and manage our way out of it.
Target is hit, we are flat with a profit of $102.
Right after getting filled the market did another head spin and rallied back to the top of the range. Very hard to trade this effectively. Need it to break out in one direction or the other.
OK, we did break to the upside, now we need a pullback to support then a rally into a buy signal.
9:51 - the 10,000 tick gives us a buy signal on the break out. Took 1 long @ 1435.75. Target @ 2437.00.
Target hit, we are flat with $160 profit.
2,000 tick declined off recent high into 2 consecutive sell signals.
10:18 took 1 short @ 2436.50. Target @ 2435.50
No follow through. 2,000 tick rallied into 2 consecutive buy signals. Hesitated a bit got in late @ 2438.00. Target @ 2439.00.
No follow through again. 2,000 tick declined off the second test of resistance @ 2438.00 into 2 consecutive sell signals. Flipped Trade.
10:46 - took 9 short @ 2436.25. 2 to cover the longs and 7 for recovery. Target @ 2435.00.
If this goes against us we are definitely in Plan B territory.
The market went up and down inside the trading range for most of the day. At one stage as the market came close to my target and appeared to be ready to break down I lowered my target to 2434.50. The target was not hit and the market rallied back to the top of the range.
Finally near the end of the trading session the market declined, broke down through support and hit my target. We are flat with a profit of $472.
We have exceeded our profit target.
Switching to the Sim Account.
Simulation Trading LW Best TDOM Bonds
First exit day is 23/06/17
At the end of the day we are in profit. Placed an order to sell this position @ 156 22/32
Next TDOM entry date is 23/06/17. Placed an order to buy 1 @ 156 14/32
Simulation Trading S&P 500 e-Mini
Closed out yesterday holding 35 contracts long at an average price of 2440.50.
Added a couple of contracts yesterday, trying to get the average price down into the trading range.
Will continue that strategy today as the market allows.
Did not do anything with the Sim Account today.
I spent all day managing the Real Money account.
Still in the same position at the end of the day.
Daily Summary & Charts
Was a back and forth day. Win one lose one.
Fortunately the last trade of the day made it all worth while.
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