July 10th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $452, Sim Trade Profit $0
Opening Comments
Nothing exciting happened on the open.
Market opened very near the Friday close.
the market rallied a bit overnight then started to decline back to the open.
Profit Target for this week is $350 per day.
Real Money Trading S&P 500 e-Mini
The 2,000 tick declined off the overnight high into 2 consecutive sell signals.
2:01 - Took 1 short @ 2426.50. Target @ 2425.50.
Target hit, we are flat with $45 profit.
The 2,000 tick rallied then declined off a lower short term high into into a sell signal. The 10,000 tick gave a sell signal at the same time. The probability of success for the 10,000 tick signal is about 75%.
I went in early on the 2,000 tick bar and took 1 @ 2425.00. The entry signal was 2424.25.
I will put my target @ 2424.00 for now and see what happens.
The market came down and touched my target, but did not fill, then rallied into a lower short term high before declining and hitting my target.
We are flat with $90 profit.
The decline off the lower short term high mentioned above resulted in a sell signal.
6:23 - Took 1 short @ 2423.50. Target @ 2422.50.
Target hit, we are flat with $135 profit.
10 minutes from the open, all signals are biased to the short side.
8:14 - Placed an order for 2 short @ 2420.75 and was filled. Target @ 2419.75.
8:24 the 10,000 tick gives us a sell signal with entry point @ 2421.25.
Target hit, we are flat with $225 profit.
Off the open the 2,000 tick declined from a lower short term high into a sell signal.
8:30 - took 1 short @ 2420.00 Target @ 2419.00.
No follow through.
2,000 tick rallied, pulled back then rallied from a higher short term low into a buy signal. Flipped trade.
8:44 - Took 5 long @ 2423.50. 1 to cover the short and 4 for recovery. Target @ 2424.50.
The market declined back to the previous day low, found support, then rallied off it forming a W bottom. Rallied back to my long trade entry point.
This sets up the potential for a flip of the W and a higher target if the market breaks through resistance at the peak of the W.
Found resistance at the W peak and pulled back into the range. Looks like there might be a trading range forming.
We are already in a Plan B situation since with 4 long contracts we cannot flip short due to the limited margin available.
Now with the possible trading range setting up it makes this even more challenging.
However, if we break higher out of the range there is an opportunity to stretch the target.
The 2,000 tick formed a higher short term low in the middle of the range then rallied into a buy signal that broke slightly above the W peak. Entry point for this signal is 2424.25.
Pushed the target up to 2425.00.
Target hit, we are flat with $325 profit.
2,000 tick makes a shallow pullback/consolidation then rallies into a buy signal.
10:08 - Took 1 long @ 2427.00. Target @ 2428.00.
Target hit, we are flat with $370 profit.
The market has gone sideways for about an hour and a half just below resistance at the overnight high.
At 12:42 I saw what looked like a second consecutive sell signal forming and took a short position mid bar without waiting. The sell signal did not follow through and the market rallied back to the resistance level. Once again lack of patience puts me in a difficult situation.
Am short 1 @ 2427.75. Target @ 2426.75.
The market continued going sideways in a range just below the overnight high, then broke lower out of the range into a sell signal.
As the breakout happened I pushed the target down to 2426.00.
Target was touched, but not filled, then the market rallied back to the top of the range breaking out briefly into a new day high then declined back to the range bottom and took out the target.
We are flat with $452 profit.
Crazy volatility for the last hour of the day.
Market is now closed we are done for the day.
Simulation Trading LW Best TDOM Bonds
TDOM Entry Day 10-07-17
Took 1 contract long @ 151 25/32 at the open.
Stop @ 150 5/32
1st exit day 12/07/17
EOD position we are in profit $156.
Simulation Trading S&P 500 e-Mini
No simulation trading today.
Trade the Real account all day.
Daily Summary & Charts
Not an easy day to trade.
Lots of choppiness, periods of consolidation and then volatility at the end of the day.
But, it all worked out in the end.
Nothing exciting happened on the open.
Market opened very near the Friday close.
the market rallied a bit overnight then started to decline back to the open.
Profit Target for this week is $350 per day.
Real Money Trading S&P 500 e-Mini
The 2,000 tick declined off the overnight high into 2 consecutive sell signals.
2:01 - Took 1 short @ 2426.50. Target @ 2425.50.
Target hit, we are flat with $45 profit.
The 2,000 tick rallied then declined off a lower short term high into into a sell signal. The 10,000 tick gave a sell signal at the same time. The probability of success for the 10,000 tick signal is about 75%.
I went in early on the 2,000 tick bar and took 1 @ 2425.00. The entry signal was 2424.25.
I will put my target @ 2424.00 for now and see what happens.
The market came down and touched my target, but did not fill, then rallied into a lower short term high before declining and hitting my target.
We are flat with $90 profit.
The decline off the lower short term high mentioned above resulted in a sell signal.
6:23 - Took 1 short @ 2423.50. Target @ 2422.50.
Target hit, we are flat with $135 profit.
10 minutes from the open, all signals are biased to the short side.
8:14 - Placed an order for 2 short @ 2420.75 and was filled. Target @ 2419.75.
8:24 the 10,000 tick gives us a sell signal with entry point @ 2421.25.
Target hit, we are flat with $225 profit.
Off the open the 2,000 tick declined from a lower short term high into a sell signal.
8:30 - took 1 short @ 2420.00 Target @ 2419.00.
No follow through.
2,000 tick rallied, pulled back then rallied from a higher short term low into a buy signal. Flipped trade.
8:44 - Took 5 long @ 2423.50. 1 to cover the short and 4 for recovery. Target @ 2424.50.
The market declined back to the previous day low, found support, then rallied off it forming a W bottom. Rallied back to my long trade entry point.
This sets up the potential for a flip of the W and a higher target if the market breaks through resistance at the peak of the W.
Found resistance at the W peak and pulled back into the range. Looks like there might be a trading range forming.
We are already in a Plan B situation since with 4 long contracts we cannot flip short due to the limited margin available.
Now with the possible trading range setting up it makes this even more challenging.
However, if we break higher out of the range there is an opportunity to stretch the target.
The 2,000 tick formed a higher short term low in the middle of the range then rallied into a buy signal that broke slightly above the W peak. Entry point for this signal is 2424.25.
Pushed the target up to 2425.00.
Target hit, we are flat with $325 profit.
2,000 tick makes a shallow pullback/consolidation then rallies into a buy signal.
10:08 - Took 1 long @ 2427.00. Target @ 2428.00.
Target hit, we are flat with $370 profit.
The market has gone sideways for about an hour and a half just below resistance at the overnight high.
At 12:42 I saw what looked like a second consecutive sell signal forming and took a short position mid bar without waiting. The sell signal did not follow through and the market rallied back to the resistance level. Once again lack of patience puts me in a difficult situation.
Am short 1 @ 2427.75. Target @ 2426.75.
The market continued going sideways in a range just below the overnight high, then broke lower out of the range into a sell signal.
As the breakout happened I pushed the target down to 2426.00.
Target was touched, but not filled, then the market rallied back to the top of the range breaking out briefly into a new day high then declined back to the range bottom and took out the target.
We are flat with $452 profit.
Crazy volatility for the last hour of the day.
Market is now closed we are done for the day.
Simulation Trading LW Best TDOM Bonds
TDOM Entry Day 10-07-17
Took 1 contract long @ 151 25/32 at the open.
Stop @ 150 5/32
1st exit day 12/07/17
EOD position we are in profit $156.
Simulation Trading S&P 500 e-Mini
No simulation trading today.
Trade the Real account all day.
Daily Summary & Charts
Not an easy day to trade.
Lots of choppiness, periods of consolidation and then volatility at the end of the day.
But, it all worked out in the end.
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