June 23rd, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $262, Sim Trade Profit $0
Opening Comments
So, we hit another milestone yesterday.
The equity in the Real Money Account has grown by $10,000.
The interesting statistics to this are;
1st $5,000 of equity growth took 49 trading days.
2nd $5,000 of equity growth took 25 trading days, half the time.
Let's see if we can improve on that for the 3rd $5,000 of equity growth.
The market rallied on the open off yesterday's late day decline.
Nothing interesting to trade yet.
We wait.
The 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
The 2,000 tick break out of a consolidation and gives us a buy signal.
2:05 - Placed an order for 1 contract @ 2435.00 just below the entry point on the signal. Order Filled. Target @ 2436.25.
Target hit, we are flat with profit of $57.
The 2,000 tick declined off the recent high into 2 consecutive sell signals. Placed an order at the entry point of the signal, but did not get filled and the market dropped away. Cancelled order.
The 2,000 tick advances of the recent low into 2 consecutive buy signals.
7:21 - Took 1 long @ 2433.25. Target @ 2434.25.
Target hit, we are flat with $102 profit.
Coming into the open all signals are pointing to a short trade.
Took 2 short @ 2433.50 just before the open. Target adjusted to 2432.25.
Target hit, we are flat with $217 profit.
2,000 tick consolidates for four bars then breaks lower into a sell signal.
8:35 - Took 1 short @ 2431.00. Target @ 2430.00.
Target hit, we are flat with $262 profit.
We have exceeded our profit target, done of the day and for the week,
Switching to the Sim Account.
Simulation Trading LW Best TDOM Bonds
Holding 1 long @ 156 7/32nd's
Placed an order late yesterday to sell this position @ 156 22/32.
Did not fill overnight. Flushed it in the morning @ 156 16/32 for a profit of $281.
Next TDOM entry date is 23/06/17. Placed an order to buy 1 @ 156 14/32
This one filled overnight long 1 @ 156 14/32.
First exit day is 27/06/17
Simulation Trading S&P 500 e-Mini
Closed out yesterday holding 35 contracts long at an average price of 2440.50.
Will try to work that average price lower as opportunity allows by taking the first long signal on a rally off of any pullback that generated sell signals.
2,000 tick rallies off bottom into 2 consecutive buy signals.
8:58 - Took 1 long @ 2431.00. Now long 36 contracts at average price of 2440.20.
2,000 tick set up a sell signal on a decline off a double test of resistance then rallied into 2 buy signals.
9:25 - Took 1 long @ 2433.00. Now long 37 contracts at an average price of 2440.00.
Adjust target down to 2442.00.
The market has closed with us holding 37 contract at an average price of 2440.00.
We will see what next week has in store for us.
Daily Summary & Charts
The charts below are of the market coming into the open trade at 8:30.
Note how all time frames have a strong shorting tendency.
The 2,000 tick gave a solid sell signal just prior to the open, this was my entry bar.
Entering on a red bar on either the 30 min or the 10,000 tick has about an 80% success rate.
Adding in the other charts as confirmation takes that up over 90%.
So, we hit another milestone yesterday.
The equity in the Real Money Account has grown by $10,000.
The interesting statistics to this are;
1st $5,000 of equity growth took 49 trading days.
2nd $5,000 of equity growth took 25 trading days, half the time.
Let's see if we can improve on that for the 3rd $5,000 of equity growth.
The market rallied on the open off yesterday's late day decline.
Nothing interesting to trade yet.
We wait.
The 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
The 2,000 tick break out of a consolidation and gives us a buy signal.
2:05 - Placed an order for 1 contract @ 2435.00 just below the entry point on the signal. Order Filled. Target @ 2436.25.
Target hit, we are flat with profit of $57.
The 2,000 tick declined off the recent high into 2 consecutive sell signals. Placed an order at the entry point of the signal, but did not get filled and the market dropped away. Cancelled order.
The 2,000 tick advances of the recent low into 2 consecutive buy signals.
7:21 - Took 1 long @ 2433.25. Target @ 2434.25.
Target hit, we are flat with $102 profit.
Coming into the open all signals are pointing to a short trade.
Took 2 short @ 2433.50 just before the open. Target adjusted to 2432.25.
Target hit, we are flat with $217 profit.
2,000 tick consolidates for four bars then breaks lower into a sell signal.
8:35 - Took 1 short @ 2431.00. Target @ 2430.00.
Target hit, we are flat with $262 profit.
We have exceeded our profit target, done of the day and for the week,
Switching to the Sim Account.
Simulation Trading LW Best TDOM Bonds
Holding 1 long @ 156 7/32nd's
Did not fill overnight. Flushed it in the morning @ 156 16/32 for a profit of $281.
Next TDOM entry date is 23/06/17. Placed an order to buy 1 @ 156 14/32
This one filled overnight long 1 @ 156 14/32.
First exit day is 27/06/17
Simulation Trading S&P 500 e-Mini
Closed out yesterday holding 35 contracts long at an average price of 2440.50.
Will try to work that average price lower as opportunity allows by taking the first long signal on a rally off of any pullback that generated sell signals.
2,000 tick rallies off bottom into 2 consecutive buy signals.
8:58 - Took 1 long @ 2431.00. Now long 36 contracts at average price of 2440.20.
2,000 tick set up a sell signal on a decline off a double test of resistance then rallied into 2 buy signals.
9:25 - Took 1 long @ 2433.00. Now long 37 contracts at an average price of 2440.00.
Adjust target down to 2442.00.
The market has closed with us holding 37 contract at an average price of 2440.00.
We will see what next week has in store for us.
Daily Summary & Charts
The charts below are of the market coming into the open trade at 8:30.
Note how all time frames have a strong shorting tendency.
The 2,000 tick gave a solid sell signal just prior to the open, this was my entry bar.
Entering on a red bar on either the 30 min or the 10,000 tick has about an 80% success rate.
Adding in the other charts as confirmation takes that up over 90%.
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