July 17th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $0, Sim Trade Profit $709
Opening Comments
We starting the week short 6 contracts with an average price of 2431.86.
Our target is held over from early last week at 2419.25.
This is the would require a retracement of about 76%, so we will probably reassess that as the week unfolds
The market re-opened about where it closed on Friday, no market moving news over the weekend.
Profit Target for this week is $350 per day, once we close out the current open position.
Real Money Trading S&P 500 e-Mini
We are short 6 contracts from yesterday with an average price of 2431.86.
Target still at 2419.25.
Low volatility inside day for the S&P 500.
Ended the day where we started.
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
We are in profit at EOD.
Placed an order to exit @ 152 28/32.
Order filled, we are flat in Bonds with a profit of $750
Next TDOM Entry is long on 18/07/17
Placed an order to buy 1 contract @ 152 24/32.
Order filled, we are long 1 @ 152 24/32.
Stop @ 151 1/32
1st exit day is 20/07/17
Simulation Trading S&P 500 e-Mini
We will trade the simulation account today and monitor the Real Account position.
There was a little flurry of activity around the European open at 2:30, but nothing significant.
The 2,000 tick declined off the recent high into 2 consecutive sell signals.
4:04 - Took 1 short @ 2454.50. Target @ 2453.50.
No follow through. 2,000 tick rallied into 2 consecutive buy signals.
5:15 - Took 5 long @ 2457.50. 1 to cover the short and 4 for recovery. Target @ 2458.50.
Target hit, we are flat with $36 profit.
2,000 tick comes off the W Top into 2 consecutive sell signals.
7:58 - Took 1 short @ 2455.75. Target @ 2454.75.
We will hold this trade through the open, unless it hits the target before then.
Signals coming into the open were biased to the short side.
Target hit, we are flat with $85 profit.
2,000 tick continuation signal.
8:33 - Took 1 short @ 2255.25. Target @ 2454.25.
Target hit, we are flat with $133 profit.
2,000 tick rallies off low, pulls back, forms a higher short term low then rallies into a buy signal.
9:05 - Took 1 long @ 2458.00. Target @ 2459.00.
Target hit, we are flat with $179
2,000 tick rallies from a lower short term low into a buy signal.
9:24 - Took 1 long @ 2458.59. Target @ 2459.50.
No follow through. 2,000 tick declined from the high into 2 consecutive sell signals.
9:37 - Took 4 short @ 2456.50. 1 to cover the long and 3 for recovery. Target @ 2455.50.
OK, here is an example of why we simulation trade.
The 2,000 tick rallied into 2 consecutive buy signals of the last low, giving us a buy signal.
I set up to take 13 contracts long to flip the trade.
I accidentally hit the sell button and ended up short 16 contracts.
Fortunately I noticed it right away and the market declined right after the fill.
I immediately exited the 16 contracts and am now in profit of $502.
We do not want to make mistakes like this even when we get lucky and they go our way.
It can be very expensive.
2,000 consolidated just below resistance then broke through into a buy signal.
9:58 - Took 1 long @ 2459.00. Target @ 2460.00
Target hit, we are flat with $550 profit.
2,000 tick forms W Top on second test of resistance @ day high, then declines into a sell signal.
10:35 - Took 1 short @ 2458.50. Target @ 2457.50.
Target hit, we are flat with $596 profit.
2,000 tick continuation signal.
10:37 - Took 1 short @ 2457.50. Target @ 2456.50.
Target hit, we are flat with $645 profit.
2,000 tick rallies, forms a lower short term high then declines into a sell signal.
11:28 - Took 1 short @ 2457.75. Target @ 2456.75.
No follow through. 2,000 tick consolidates then breaks higher into a buy signal.
11:59 - Took 4 long @ 2459.25. 1 to cover the short and 3 for recovery. Target @ 2460.25.
Target hit, we are flat with $710 profit.
2,000 tick consolidated for 3 bars then broke higher into a buy signal.
12:13 - Took 1 long @ 2460.25. Target @ 2461.25.
I had to go out for a bit so I left this trade open.
The market ran lower and hit a buy order that I had forgotten to cancel from earlier today.
I am now long 2 at an average price of 2458.50. I will set a target on the long positions at 2458.75 to just try and get out of it and cover the commissions.
No follow through to the long side.
2,000 tick rallied then declined off a lower short term high into a sell signal.
13:36 - Took 7 short @ 2457.00. 2 to cover the longs and 5 for recovery.Target @ 2456.00.
Target hit, we are flat with $743 profit.
2,000 tick continuation signal.
14:22 - Took 1 short @ 2456.00. Target @ 2455.00.
No follow through.
2,000 tick rallies, pulls back then rallies off a higher short term low into a buy signal.
15:03 - Took 4 contracts long @ 2457.50. 1 to cover the short and 3 for recovery. Target @ 2458.50.
Target hit, we are flat with $809 profit.
Market regular hours over.
Done for the day.
We starting the week short 6 contracts with an average price of 2431.86.
Our target is held over from early last week at 2419.25.
This is the would require a retracement of about 76%, so we will probably reassess that as the week unfolds
The market re-opened about where it closed on Friday, no market moving news over the weekend.
Profit Target for this week is $350 per day, once we close out the current open position.
Real Money Trading S&P 500 e-Mini
We are short 6 contracts from yesterday with an average price of 2431.86.
Target still at 2419.25.
Low volatility inside day for the S&P 500.
Ended the day where we started.
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
We are in profit at EOD.
Placed an order to exit @ 152 28/32.
Order filled, we are flat in Bonds with a profit of $750
Next TDOM Entry is long on 18/07/17
Placed an order to buy 1 contract @ 152 24/32.
Order filled, we are long 1 @ 152 24/32.
Stop @ 151 1/32
1st exit day is 20/07/17
Simulation Trading S&P 500 e-Mini
We will trade the simulation account today and monitor the Real Account position.
There was a little flurry of activity around the European open at 2:30, but nothing significant.
The 2,000 tick declined off the recent high into 2 consecutive sell signals.
4:04 - Took 1 short @ 2454.50. Target @ 2453.50.
No follow through. 2,000 tick rallied into 2 consecutive buy signals.
5:15 - Took 5 long @ 2457.50. 1 to cover the short and 4 for recovery. Target @ 2458.50.
Target hit, we are flat with $36 profit.
2,000 tick comes off the W Top into 2 consecutive sell signals.
7:58 - Took 1 short @ 2455.75. Target @ 2454.75.
We will hold this trade through the open, unless it hits the target before then.
Signals coming into the open were biased to the short side.
Target hit, we are flat with $85 profit.
2,000 tick continuation signal.
8:33 - Took 1 short @ 2255.25. Target @ 2454.25.
Target hit, we are flat with $133 profit.
2,000 tick rallies off low, pulls back, forms a higher short term low then rallies into a buy signal.
9:05 - Took 1 long @ 2458.00. Target @ 2459.00.
Target hit, we are flat with $179
2,000 tick rallies from a lower short term low into a buy signal.
9:24 - Took 1 long @ 2458.59. Target @ 2459.50.
No follow through. 2,000 tick declined from the high into 2 consecutive sell signals.
9:37 - Took 4 short @ 2456.50. 1 to cover the long and 3 for recovery. Target @ 2455.50.
OK, here is an example of why we simulation trade.
The 2,000 tick rallied into 2 consecutive buy signals of the last low, giving us a buy signal.
I set up to take 13 contracts long to flip the trade.
I accidentally hit the sell button and ended up short 16 contracts.
Fortunately I noticed it right away and the market declined right after the fill.
I immediately exited the 16 contracts and am now in profit of $502.
We do not want to make mistakes like this even when we get lucky and they go our way.
It can be very expensive.
2,000 consolidated just below resistance then broke through into a buy signal.
9:58 - Took 1 long @ 2459.00. Target @ 2460.00
Target hit, we are flat with $550 profit.
2,000 tick forms W Top on second test of resistance @ day high, then declines into a sell signal.
10:35 - Took 1 short @ 2458.50. Target @ 2457.50.
Target hit, we are flat with $596 profit.
2,000 tick continuation signal.
10:37 - Took 1 short @ 2457.50. Target @ 2456.50.
Target hit, we are flat with $645 profit.
2,000 tick rallies, forms a lower short term high then declines into a sell signal.
11:28 - Took 1 short @ 2457.75. Target @ 2456.75.
No follow through. 2,000 tick consolidates then breaks higher into a buy signal.
11:59 - Took 4 long @ 2459.25. 1 to cover the short and 3 for recovery. Target @ 2460.25.
Target hit, we are flat with $710 profit.
2,000 tick consolidated for 3 bars then broke higher into a buy signal.
12:13 - Took 1 long @ 2460.25. Target @ 2461.25.
I had to go out for a bit so I left this trade open.
The market ran lower and hit a buy order that I had forgotten to cancel from earlier today.
I am now long 2 at an average price of 2458.50. I will set a target on the long positions at 2458.75 to just try and get out of it and cover the commissions.
No follow through to the long side.
2,000 tick rallied then declined off a lower short term high into a sell signal.
13:36 - Took 7 short @ 2457.00. 2 to cover the longs and 5 for recovery.Target @ 2456.00.
Target hit, we are flat with $743 profit.
2,000 tick continuation signal.
14:22 - Took 1 short @ 2456.00. Target @ 2455.00.
No follow through.
2,000 tick rallies, pulls back then rallies off a higher short term low into a buy signal.
15:03 - Took 4 contracts long @ 2457.50. 1 to cover the short and 3 for recovery. Target @ 2458.50.
Target hit, we are flat with $809 profit.
Market regular hours over.
Done for the day.
Daily Summary & Charts
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