June 26th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $0, Sim Trade Profit $8,255
Opening Comments
This week is going to be a bit different.
We are packing up the apartment in Spain for a move to the UK.
Once everything is packed we will go visit some friends in the South of Spain before landing on our daughters doorstep next Saturday in the UK.
That means I will not be able to trade in the same manner as usual.
It also give me an opportunity to try some other strategies this coming week.
We have a Special June Short trade that I have been following and looks to be setting up well.
The trade rules are to enter short on the 5 Trading Day Left in the Month (TDLM), then exit on the first profitable open.
The 5th TDLM is Monday, July 26th. The market opens on Sunday afternoon @ 17:30 so we will enter 1 contract short on the open.
The Stop is $1,900. We will put a target in at 2423.50 or take the trade out on the first profitable open, whichever comes first.
The target is chosen taking a couple of things into consideration.
The first are the previous lows back on the 15th and 16th of June, these will provide some support.
The second is the use of Fibonnaci retracements. Placing the 100% mark of the Fibonnaci sequence at the top of the trading range for the last three days and the 50% mark at the bottom we see that a flip of this range would land at 2416.50, about the same as the low on the 15th.
Being conservative and placing the target above the support level and in between the 23% and 38% levels gives us a strategic exit point based on a reasonable assessment of potential moves in the market.
Later in the week we have some long trades coming into the July 4th Holiday that we will consider once this short trade closes and we get closer to the trigger days for these trades.
This will be my first Real Money trade using these strategies.
Real Money Trading S&P 500 e-Mini
The market opened at 2432.00. Then dropped. I took 1 short @ 2430.00.
Placed my target as planned @ 2423.50.
Overnight this trade has run up against my position. I may wait for a good sell signal then take one more short to improve my entry point.
The market rallied into the top of the range @ the 2441 level then declined into a Naked Close Down. Took 1 more short here at 2439.25.
Now short 2 with an average price of 2434.625
We will leave the target as is for now.
The market closed with us about 1 point off our break even mark..
Rules are to hold until the first profitable open.
I am going to move my target up to the first entry point at 2430.00.
This will give me a good profit if hit overnight.
I may change this based on the overnight activity.
Simulation Trading LW Best TDOM Bonds
Holding 1 long @ 156 14/32nd's from 23/06/17
First exit day is 27/06/17
Opens 23/06/17 in profit. Placed an order to sell @ 156 30/32nd's
Order filled, made a profit of $500 on that trade
Next TDOM trade is a buy @ the open of 27/06/17
Placed an order to buy 1 @ 156 26/32nd's
Simulation Trading S&P 500 e-Mini
Closed out last week holding 37 contract at an average price of 2440.00
Will continue working that average price lower as opportunity allows considering my limitations on trading this week.
We will set out target 2444.50 based on the potential rally later in the week as we get closer to the July 4th Holiday.
Well, we got that rally today and closed out the trade with a profit of $8,255.
Not bad for a trade that was down $20,000 at one time.
Shows what a little patience, some strategy and a little luck can do for you.
Daily Summary & Charts
This week is going to be a bit different.
We are packing up the apartment in Spain for a move to the UK.
Once everything is packed we will go visit some friends in the South of Spain before landing on our daughters doorstep next Saturday in the UK.
That means I will not be able to trade in the same manner as usual.
It also give me an opportunity to try some other strategies this coming week.
We have a Special June Short trade that I have been following and looks to be setting up well.
The trade rules are to enter short on the 5 Trading Day Left in the Month (TDLM), then exit on the first profitable open.
The 5th TDLM is Monday, July 26th. The market opens on Sunday afternoon @ 17:30 so we will enter 1 contract short on the open.
The Stop is $1,900. We will put a target in at 2423.50 or take the trade out on the first profitable open, whichever comes first.
The target is chosen taking a couple of things into consideration.
The first are the previous lows back on the 15th and 16th of June, these will provide some support.
The second is the use of Fibonnaci retracements. Placing the 100% mark of the Fibonnaci sequence at the top of the trading range for the last three days and the 50% mark at the bottom we see that a flip of this range would land at 2416.50, about the same as the low on the 15th.
Being conservative and placing the target above the support level and in between the 23% and 38% levels gives us a strategic exit point based on a reasonable assessment of potential moves in the market.
Later in the week we have some long trades coming into the July 4th Holiday that we will consider once this short trade closes and we get closer to the trigger days for these trades.
This will be my first Real Money trade using these strategies.
Real Money Trading S&P 500 e-Mini
The market opened at 2432.00. Then dropped. I took 1 short @ 2430.00.
Placed my target as planned @ 2423.50.
Overnight this trade has run up against my position. I may wait for a good sell signal then take one more short to improve my entry point.
The market rallied into the top of the range @ the 2441 level then declined into a Naked Close Down. Took 1 more short here at 2439.25.
Now short 2 with an average price of 2434.625
We will leave the target as is for now.
The market closed with us about 1 point off our break even mark..
Rules are to hold until the first profitable open.
I am going to move my target up to the first entry point at 2430.00.
This will give me a good profit if hit overnight.
I may change this based on the overnight activity.
Simulation Trading LW Best TDOM Bonds
Holding 1 long @ 156 14/32nd's from 23/06/17
Opens 23/06/17 in profit. Placed an order to sell @ 156 30/32nd's
Order filled, made a profit of $500 on that trade
Next TDOM trade is a buy @ the open of 27/06/17
Placed an order to buy 1 @ 156 26/32nd's
Simulation Trading S&P 500 e-Mini
Closed out last week holding 37 contract at an average price of 2440.00
Will continue working that average price lower as opportunity allows considering my limitations on trading this week.
We will set out target 2444.50 based on the potential rally later in the week as we get closer to the July 4th Holiday.
Well, we got that rally today and closed out the trade with a profit of $8,255.
Not bad for a trade that was down $20,000 at one time.
Shows what a little patience, some strategy and a little luck can do for you.
Daily Summary & Charts
Comments
Post a Comment