July 24th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $0, Sim Trade Profit $286

Opening Comments

The start of a new week.

We are short 6 contracts with an average price of 2430.00.
Our target is held over from early last week at 2419.25.

Profit Target for this week is $350 per day, once we close out the current open position.

Based on cycle and inter-market analysis that we follow, we are expecting a market correction in the near term, before the end of July.
The rally on Wednesday, then the weaker close on Friday may be the first signs of this correction starting.
We will be looking at adding short positions to improve our break even and take advantage of the correction should it develop.

Real Money Trading S&P 500 e-Mini

We are short 6 contracts from last with an average price of 2430.00

Target set at 2419.25.

We continue to monitor the situation.

Added 2 positions on the open at 2470.00.
Now short 8 at an average price of 2440.00.
This brings our Break Even up to the Fibonacci 50% retracement level.

Target remains at 2419.25.

The market declined out of the open tested Friday's low then rallied back to the open prior to the regular hours open.

We closed out the day holding 8 contracts short.
The market has moved in our favour and is showing some weakness.
We are well within striking distance of the break even level.











Simulation Trading LW Best TDOM  Bonds

Waiting for next TDOM entry day 26/7/17

Simulation Trading S&P 500 e-Mini

Flip Trade Rule
When Flipping trades we will not allow more than 5 net contracts for recovery.
If a Flip requires more than 5 contracts we will Stop-Out the failed trade at the entry point of the Flip and start over.

Trade Signals
Signal Type
Long Signal Name
Long Signal Acronym
Short Signal Name
Short Signal Acronym
Continuation Trades
Continuation Trade – Long
Cont-L
Continuation Trade – Short
Cont-S
Trend Correction Trades
Rally off higher short-term Low – Long
HI’r-LO’s
Decline off lower short-term High – Short
LO’r-HI’s
Consolidation Trades
Consolidation Break Out – Long
Cons-BO
Consolidation Break Down – Short
Cons-BD
W Trades
W Bottom – Long
W-BTM
W Top – Short
W-TOP
1st 2 in a Row Trades
1st 2 in a Row Up – Long
1st 2 UP
1st 2 in a Row Down – Short
1st 2 DWN

Coming into the Reg hours Open we are seeing a Long bias.
Entered long just prior to the open.
Open Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:28
LongOpen Trade12469.002467.5-$79-$79

No follow through to the Long side, Flip Trade.


Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
8:36
ShortW-Top122467.52466.50$97$18


1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:40
ShortCont-S12466.502465.5$47$65

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:42
ShortCont-S12465.502464.50$48$113

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:55
ShortLO'r-HI's12465.502465.25$9$122
I entered this trade and forgot to put my target in place.
The market went down hit the target then rallied from a W Bottom into a buy signal
I closed the trade with a small profit.

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
1007
LongW-BTM12465.252464.75-$29$93
No follow through to the Long side, Flip Trade.

Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
10:14
ShortLO'r-HI's122464.752463.75$98$191

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
11:00
Long1st 2 UP12466.752467.75$47$238

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
14:59
Short
1st 2 DWN
1
2468
2467$48$286

Traded past the regular hours close today to get out of this final position.
Done for the day.lose to the close.
Calling it a day with $286 profit.

Daily Summary & Charts






































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