June 9th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $130, Sim Trade Profit $0

Opening Comments

The S&P gapped lower on the open and Bonds gapped higher.
Probably a reaction to the exit polls and early results of the British election.
Looks like the Conservatives may lose their majority.

Got up in the morning and things have settled down a bit.
The conservatives came out on top, but did lose their majority.
The markets settled back into yesterdays close.

Real Money Trading S&P 500 e-Mini

The market rallied back to just above the close, testing yesterdays high.
From the test of the high the 2,000 tick declined into 2 consecutive sell signals.
3:02 - Took 1 short @ 2434.50. Target @ 2433.50.
The market rallied, then declined off a lower short term high into another sell signal on the 2,000 tick chart.
Entry point for this signal is 2434.00
Adjust target to this signal. Target @ 2433.00.

Still holding the short trade coming into the open.
Things are setting up like a long trade.
Will see what happens.
Did not play the open correctly.
Could have flipped the trade and got out even.

Volume today is being split between the June and September contracts.
Today is the last good trading day for the June contract.
This volume split is messing up my signals.

My head is not in the game today.
Market is running away from me.
Got to go to a Plan B again.

The market ran up then formed a double test of the 2446 level and gave me a sell signal on the 2,000 tick chart. Took 1 more short @ 2443.50 bringing my average price to 2439.00

Moved my target up to 2438.00. Which is about the 38% retracement level on the Fibonacci sequence. A reasonable level for the market to pull back to after a run up like this.

The market came back to us, hit the target and we are flat with $130 profit.

I am calling it a wrap for the day and the week.

No Sim trading today

Simulation Trading LW Best TDOM  Bonds

In profit at the close of the day.
Put buy order to cover @ 154.125
Order was filled.
Profit on this trade is $875

TDOM entry short signal day 8/6/17
Place order for 1 short @ 154.375
Filled on the open @ 154.5625
Stop @ 156.1875
First profit exit day is 13/06/17

Simulation Trading S&P 500 e-Mini

No sim trading today.

Daily Summary & Charts
Real Account Chart
Explanation embedded in chart.

.

Comments

Post a Comment

Popular posts from this blog

June 19th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $0, Sim Trade Profit $0

Image
Opening Comments No market moving events over the weekend. The markets opened about where they closed and have made a small upward move continuing the Friday late day rally. Prognosis for the week from our advisory subscription is for the market to rally in the first few days then pullback towards the end of the week. Our daily target in the Real Money account , for this week, is $250. Real Money Trading S&P 500 e-Mini Missed a long signal at 1:04 and the market is running higher from that signal. Waiting for the next one. The 2,000 tick appeared to be setting up for 2 consecutive sell signals. I placed an order in anticipation that was filled, then the sell signal did not follow through. 3:40 - Sold 1 short @ 2438.00. Target @ 2437.00 Since this is already off plan and does represent a possible reversal point in the market I am going to adjust the target based on the open and Fibonacci numbers. The mid point between the 23 and 38% retracement levels brin...
Read more

August 22nd, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $ / Sim Trade Profit $863

Image
Opening Comments The market  rallied out of the open continuing Monday's afternoon rally. In the short term, next couple of days, we should expect a rally to take back some of last weeks losses before continuing lower. Our mid term prognosis based on the cycle and inter-market analysis, that we follow, is for the market to decline into October. The forecast provides general direction, but not magnitude. However, looking at the market activity we anticipate the correction could come back to the 2360 levels. Flipping & Recovery Strategy (Modified 21/08/17) Going back to the Plan B Concept for Flipping failed trades and recovering losses. The fundamental  logic of this strategy is to recover the losses of a previous trade, not making a profit. The guidelines are as follows: 1. The trigger event is when a trade does not follow, 2. The trade is flipped in the opposite direction taking the required number of contracts to recover the losses with a one point ...
Read more

May 23rd, 2017 - S&P 500 e-Mini - Trading Activity - Today's Sim Trade Profit $617

Image
Swing Trade Strategies Yesterday I mentioned a Swing Trade Strategy that I follow that needs a bit of work to improve it's performance. This strategy is based on the Naked Close concept. First of all what is a Naked Close? There are 2 types of naked closes. For a show of strength the close of this bar is higher than the high of the previous bar. I call this a Naked Close Long signal. For a show of weakness the close of this bar is lower than the low of the previous bar. I call this a Naked Close Short signal. In the chart below, a daily chart of the S&P 500 e-mini, the green dots indicate bars with a Naked Close Long signal and the red dots indicate bars with Naked Close Short signals. You can see that generally the Naked Close proceeds some sort of move in the direction of the signal. My strategy rules are pretty basic. Enter on the open of the next bar after the signal. Exit on the first profitable open or exit on a reversal or exit at a $3,000 Stop for...
Read more