July 11th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $404, Sim Trade Profit $47
Opening Comments
The market rallied a bit out of the open.
Nothing to exciting.
Profit Target for this week is $350 per day.
Real Money Trading S&P 500 e-Mini
2,000 tick rallied of the low then declined from a lower short term high into a sell signal.
4:53 - Took 1 short @ 2423.25. Target @ 2422.25.
Target hit, we are flat with $45 profit.
About 10 minutes form the open the market is showing an bias to the long side.
2,000 tick advance of the low into 2 consecutive buy signals.
8:23 placed an order for 2 long @ 2423.25. Order filled. Target @ 2424.25.
Coming into the open the market moved higher so I pushed the target up to 2424.50.
Target was touched, but not filled.
The market then declined into 2 consecutive sell signals. Flipped the trade.
8:36 - Took 6 short @ 2422.00. 2 to cover the longs and 4 for recovery. Target 2421.00.
Target hit, we are flat with $90 profit.
2,000 tick rallies off the low into 2 consecutive buy signals.
8:45 - Took 1 long @ 2422.25. Target @ 2423.25.
Pushed the target up to 2423.50 based on new buy signals.
Target hit, we are flat with $147 profit.
2,000 tick consolidates then breaks higher into a buy signal.
9:31 - Took 1 long @ 2425.25. Target @ 2426.25.
No follow through. The 2,000 tick declined off the high into 2 consecutive sell signals.
9:48 - Took 3 short @ 2424.75. 1 to cover the long and 2 for recovery. Target 2423.75.
Market rallied into resistance @ 2426.00 then declined into a sell signal with entry @ 2424.25.
Pushed target down to 2433.25 based on this sell signal.
Target hit, we are flat with $257 profit.
2,000 tick gave a continuation sell signal on the next bar.
10:14 took 1 short @ 2423.00. Target @ 2422.00
Target hit, we are flat with $302 profit.
2,000 tick makes short consolidation then breaks lower into a sell signal.
10:20 - Took 1 short @ 2419.50. Target @ 2418.25.
Target hit, we are flat with $359 profit.
Market is dropping quickly
2,000 tick continuation sell signal @ 10:25 - Took 1 short @ 2415.00. Target @ 2414.00
Target hit, we are flat with $404 profit.
Market still dropping.
2,000 tick continuation sell signal @ 10:26 - Too 1 short @ 2411.25. Target @ 2410.25.
Target touched, but not filled.
Market rallied. Did not flip trade in fast market.
Will divert to Plan B for this 1 short contract.
Market rallied into the 2420 range.
This is 50% retracement of the decline as well as the previous support level at the day low and Mondays low which is now acting as resistance.
The market appeared to pause here so I took 1 more short @ 2419.75 bringing me to 2 contracts short with an average price of 2415.50.
We will wait to see what the market does before adjusting our target.
The market declined to the 50% retracement level.
Put up another Fibonnaci sequence on this rally, the 50% level from the day low to the top of this rally is about 2415.
Moved the target up to 2414.00, which is about the 62% retracement level.
The market ran up some more into the close.
Placed an order for one more short at the high of the day 2426.00.
Order filled.
We are now short 4 contracts with an average price of 2420.75
Adjusted target to 2419.25.
Day is done.
Will deal with this open trade tomorrow.
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
Closed this positions overnight @ 152 5/32 for a profit of $375.
Simulation Trading S&P 500 e-Mini
From the overnight rally, the 2,000 tick consolidated then broke lower into 2 consecutive sell signals.
3:03 - Took 1 short @ 2423.25. Target @ 2422.25.
Just noticed I took this trade in the Sim Account.
Target hit, we are flat with $47 profit.
The market rallied a bit out of the open.
Nothing to exciting.
Profit Target for this week is $350 per day.
Real Money Trading S&P 500 e-Mini
2,000 tick rallied of the low then declined from a lower short term high into a sell signal.
4:53 - Took 1 short @ 2423.25. Target @ 2422.25.
Target hit, we are flat with $45 profit.
About 10 minutes form the open the market is showing an bias to the long side.
2,000 tick advance of the low into 2 consecutive buy signals.
8:23 placed an order for 2 long @ 2423.25. Order filled. Target @ 2424.25.
Coming into the open the market moved higher so I pushed the target up to 2424.50.
Target was touched, but not filled.
The market then declined into 2 consecutive sell signals. Flipped the trade.
8:36 - Took 6 short @ 2422.00. 2 to cover the longs and 4 for recovery. Target 2421.00.
Target hit, we are flat with $90 profit.
2,000 tick rallies off the low into 2 consecutive buy signals.
8:45 - Took 1 long @ 2422.25. Target @ 2423.25.
Pushed the target up to 2423.50 based on new buy signals.
Target hit, we are flat with $147 profit.
2,000 tick consolidates then breaks higher into a buy signal.
9:31 - Took 1 long @ 2425.25. Target @ 2426.25.
No follow through. The 2,000 tick declined off the high into 2 consecutive sell signals.
9:48 - Took 3 short @ 2424.75. 1 to cover the long and 2 for recovery. Target 2423.75.
Market rallied into resistance @ 2426.00 then declined into a sell signal with entry @ 2424.25.
Pushed target down to 2433.25 based on this sell signal.
Target hit, we are flat with $257 profit.
2,000 tick gave a continuation sell signal on the next bar.
10:14 took 1 short @ 2423.00. Target @ 2422.00
Target hit, we are flat with $302 profit.
2,000 tick makes short consolidation then breaks lower into a sell signal.
10:20 - Took 1 short @ 2419.50. Target @ 2418.25.
Target hit, we are flat with $359 profit.
Market is dropping quickly
2,000 tick continuation sell signal @ 10:25 - Took 1 short @ 2415.00. Target @ 2414.00
Target hit, we are flat with $404 profit.
Market still dropping.
2,000 tick continuation sell signal @ 10:26 - Too 1 short @ 2411.25. Target @ 2410.25.
Target touched, but not filled.
Market rallied. Did not flip trade in fast market.
Will divert to Plan B for this 1 short contract.
Market rallied into the 2420 range.
This is 50% retracement of the decline as well as the previous support level at the day low and Mondays low which is now acting as resistance.
The market appeared to pause here so I took 1 more short @ 2419.75 bringing me to 2 contracts short with an average price of 2415.50.
We will wait to see what the market does before adjusting our target.
The market declined to the 50% retracement level.
Put up another Fibonnaci sequence on this rally, the 50% level from the day low to the top of this rally is about 2415.
Moved the target up to 2414.00, which is about the 62% retracement level.
The market ran up some more into the close.
Placed an order for one more short at the high of the day 2426.00.
Order filled.
We are now short 4 contracts with an average price of 2420.75
Adjusted target to 2419.25.
Day is done.
Will deal with this open trade tomorrow.
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
Closed this positions overnight @ 152 5/32 for a profit of $375.
Simulation Trading S&P 500 e-Mini
From the overnight rally, the 2,000 tick consolidated then broke lower into 2 consecutive sell signals.
3:03 - Took 1 short @ 2423.25. Target @ 2422.25.
Just noticed I took this trade in the Sim Account.
Target hit, we are flat with $47 profit.
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