July 14th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $0, Sim Trade Profit $506
Opening Comments
We are short 5 contracts at the open with an average price of 2424.65.
Very little movement over night and light volume
Profit Target for this week is $350 per day.
Real Money Trading S&P 500 e-Mini
We are short 5 contracts from yesterday with an average price of 2424.65.
Target still at 2419.25.
The market rallied, making new historic highs, not good for our position.
Near the end of the day it looked like the market was going to sell off so I took 1 more short position @ 2456.75.
We are now short 6 contracts with an average price of 2431.86.
We will see what next week brings.
Simulation Trading LW Best TDOM Bonds
We are long 1 contract @ 152 4/32
Stop @ 150 16/32
1st exit day is 18/07/17
EOD we are in profit on this position of about $312.
Simulation Trading S&P 500 e-Mini
We are stuck in the Real Money account so we may as well see what we can learn in the simulation.
The market has been going sideways in a narrow range for almost a day and a half.
Let's see if we can capitalize on that.
1:23 - The 2,000 tick declined off a lower short term high near the top of the range into a single sell signal.
We would normally wait for a second confirmation signal in this situation.
However, due to the markets range bound behaviour we will alter that strategy and take a position based on the single signal.
The entry point on the signal was at 2444.25.
However, from the signal the market move up slightly, placed an order to sell 1 @ 2445.00. Order filled.
We now have a choice to either set the target at 1 point from the signal entry or from our actual entry.
We will be prudent and use the actual entry. Target @ 2444.00.
Shit, forgot to put in the target order.
Market has dropped through the 2440.00 target and given us the second sell signal confirmation on the next bar with an entry of 2443.25. This is near the bottom of the range.
We will set our target at 2443.00
We have a bounced off the low into a single buy signal @ 2444.00.
Adjusted our target to 2444.00.
Target hit, we are flat with $45 profit.
Using the same logic as previously I place an order for 1 long based on this single signal.
2:49 - Long 1 @ 2444.00. Target @ 2445.00.
Target hit, we are flat with $94 profit.
2,000 tick rallies off the low giving us both a higher short term low and 2 in a row signal.
Missed this signal because I was out shopping.
Next bar on 2,000 tick gives us a continuation buy signal.
6:04 - Took 1 long @ 2444.75. Target @ 2445.75.
Target hit, we are flat with $141 profit.
2,000 tick rallies out of a higher short term low into a buy signal.
7:56 - Took 1 long @ 2447.25. Target @ 2448.25.
Target hit, we are flat with $189 profit.
Market continues higher into 2,000 tick continuation signal.
8:00 - Took 1 long @ 2448.75. Target @ 2449.75.
No follow through.
2,000 tick declines off high into 2 consecutive sell signals. Flip trade.
8:19 - Took 4 short @ 2446.50. 1 to cover the long and 3 for recovery. Target @ 2445.50
Target hit, we are flat with $218 profit.
2,000 tick continuation signal.
8:30 - Took 1 short @ 2446.00. Target @ 2445.00.
Target hit, we are flat with $263 profit.
2,000 tick continuation signal.
8:32 -Took 1 short @ 2444.75. Target @ 2443.75.
No follow through. Flipped trade.
8:36 - Took 5 long @ 2447.75. 1 to cover the short and 4 for recovery. Target @ 2448.75.
Target hit, we are flat with $302 profit.
2,000 tick rallied out of shallow pullback into a buy signal.
8:45 - Took 1 long @ 2449.75. Target @ 2450.75.
No follow through. 2,000 tick declined of the high into 2 consecutive sell signals.
8:59 - Took 3 short @ 2448.75. 1 to cover the long and 2 for recovery. Target @ 2447.75.
Order filled, we are flat with $345 profit.
2,000 tick gives us a continuation sell signal.
9:06 - Took 1 short @ 2447.50. Target @ 2446.50.
No follow through. 2,000 tick rallied off the low into 2 consecutive buy signals.
9:18 - Took 4 long @ 2449. 1 to cover the short and 3 for recovery. Target @ 2450.00.
Target hit, we are flat with $410 profit.
2,000 tick breaks higher out of consolidation into a buy signal.
9:54 - Took 1 long @ 2449.75. Target @ 2450.75.
Target hit, we are flat with $457 profit.
2,000 tick gives us a continuation signal.
11:37 - Took 1 long @ 2451.25. Target @ 2452.25.
Target hit, we are flat with $506 profit.
Done for the day.
We are short 5 contracts at the open with an average price of 2424.65.
Very little movement over night and light volume
Profit Target for this week is $350 per day.
Real Money Trading S&P 500 e-Mini
We are short 5 contracts from yesterday with an average price of 2424.65.
Target still at 2419.25.
The market rallied, making new historic highs, not good for our position.
Near the end of the day it looked like the market was going to sell off so I took 1 more short position @ 2456.75.
We are now short 6 contracts with an average price of 2431.86.
We will see what next week brings.
Simulation Trading LW Best TDOM Bonds
We are long 1 contract @ 152 4/32
Stop @ 150 16/32
1st exit day is 18/07/17
EOD we are in profit on this position of about $312.
Simulation Trading S&P 500 e-Mini
We are stuck in the Real Money account so we may as well see what we can learn in the simulation.
The market has been going sideways in a narrow range for almost a day and a half.
Let's see if we can capitalize on that.
1:23 - The 2,000 tick declined off a lower short term high near the top of the range into a single sell signal.
We would normally wait for a second confirmation signal in this situation.
However, due to the markets range bound behaviour we will alter that strategy and take a position based on the single signal.
The entry point on the signal was at 2444.25.
However, from the signal the market move up slightly, placed an order to sell 1 @ 2445.00. Order filled.
We now have a choice to either set the target at 1 point from the signal entry or from our actual entry.
We will be prudent and use the actual entry. Target @ 2444.00.
Shit, forgot to put in the target order.
Market has dropped through the 2440.00 target and given us the second sell signal confirmation on the next bar with an entry of 2443.25. This is near the bottom of the range.
We will set our target at 2443.00
We have a bounced off the low into a single buy signal @ 2444.00.
Adjusted our target to 2444.00.
Target hit, we are flat with $45 profit.
Using the same logic as previously I place an order for 1 long based on this single signal.
2:49 - Long 1 @ 2444.00. Target @ 2445.00.
Target hit, we are flat with $94 profit.
2,000 tick rallies off the low giving us both a higher short term low and 2 in a row signal.
Missed this signal because I was out shopping.
Next bar on 2,000 tick gives us a continuation buy signal.
6:04 - Took 1 long @ 2444.75. Target @ 2445.75.
Target hit, we are flat with $141 profit.
2,000 tick rallies out of a higher short term low into a buy signal.
7:56 - Took 1 long @ 2447.25. Target @ 2448.25.
Target hit, we are flat with $189 profit.
Market continues higher into 2,000 tick continuation signal.
8:00 - Took 1 long @ 2448.75. Target @ 2449.75.
No follow through.
2,000 tick declines off high into 2 consecutive sell signals. Flip trade.
8:19 - Took 4 short @ 2446.50. 1 to cover the long and 3 for recovery. Target @ 2445.50
Target hit, we are flat with $218 profit.
2,000 tick continuation signal.
8:30 - Took 1 short @ 2446.00. Target @ 2445.00.
Target hit, we are flat with $263 profit.
2,000 tick continuation signal.
8:32 -Took 1 short @ 2444.75. Target @ 2443.75.
No follow through. Flipped trade.
8:36 - Took 5 long @ 2447.75. 1 to cover the short and 4 for recovery. Target @ 2448.75.
Target hit, we are flat with $302 profit.
2,000 tick rallied out of shallow pullback into a buy signal.
8:45 - Took 1 long @ 2449.75. Target @ 2450.75.
No follow through. 2,000 tick declined of the high into 2 consecutive sell signals.
8:59 - Took 3 short @ 2448.75. 1 to cover the long and 2 for recovery. Target @ 2447.75.
Order filled, we are flat with $345 profit.
2,000 tick gives us a continuation sell signal.
9:06 - Took 1 short @ 2447.50. Target @ 2446.50.
No follow through. 2,000 tick rallied off the low into 2 consecutive buy signals.
9:18 - Took 4 long @ 2449. 1 to cover the short and 3 for recovery. Target @ 2450.00.
Target hit, we are flat with $410 profit.
2,000 tick breaks higher out of consolidation into a buy signal.
9:54 - Took 1 long @ 2449.75. Target @ 2450.75.
Target hit, we are flat with $457 profit.
2,000 tick gives us a continuation signal.
11:37 - Took 1 long @ 2451.25. Target @ 2452.25.
Target hit, we are flat with $506 profit.
Done for the day.
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