July 25th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $0, Sim Trade Profit $546

Opening Comments

Not much happened over night.
We are seeing very low volume and low volatility.

There was a bit of a rally at 2:30 on the European open.

We are short 8 contracts with an average price of 2440.00.
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.

Real Money Trading S&P 500 e-Mini

We are short 8 contracts from last with an average price of 2440.00
The 50% Fibonacci retracement level is at 2440.
This puts us in a pretty good position for the pullback in the market that we are anticipating.

Target set at 2419.25.

We continue to monitor the situation.

The pre-regular hours open rally did not help us out with the market making new highs.

Late in the day the market pulled back, not being able to hold onto the morning gains.

Simulation Trading LW Best TDOM  Bonds

Waiting for next TDOM entry day 26/7/17

Simulation Trading S&P 500 e-Mini
I was busy with other things for part of the morning so did not do any sim trading.
just after the European open the market rallied taking it back up to the historic high levels from a few days ago.
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
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:08
Long
Cont-L
1
2477.00
2478.00
$48
$48





Coming into the Reg hours Open we are seeing a Long bias.
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:29
Long
Cons-BO
1
2478.00
2475.75
-$119
-$71





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
8:34
Short
1st 2 DWN
1
3
2475.75
2473.75
$146
$75
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:37
Short
Cont-S
1
2475.25
2474.25
$48
$123

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:38
Short
Cont-S
1
2474.50
2475.75
-$68
$55





 No follow through to the Short side, Flip Trade.
Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
8:46
Long
1st 2 UP
1
2
2475.75
2474.50
-$132
-$77
No follow through to the Long side, Flip Trade.
If this one does not go my way I have to stop it out on the maximum 5 contract rule.
Target was hit.
Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
9:02
Short
1st 2 DWN
2
5
2474.50

$243
$166
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:09
Short
Cons-BD
1
2473.25
2474.25
-$53
$113





 No follow through to the Short side, Flip Trade.

Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
9:16
Long
1st 2 UP
1
2
2474.25
2475.25
$95
$208
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:18
Long
Cont-L
1
2475.00
2476.00
$47
$255


1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:20
Long
Cont-L
1
2476.00
2475.00
-$53
$202

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
9:56
Short
1st 2 DWN
1
2
2475.00
2476.00
-$109
$93
No follow through to the Short side, Flip Trade.
If this one does not go my way I have to stop it out on the maximum 5 contract rule.
Target was hit.

 Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
10:09
Long
1st 2 UP
2
5
2476.00
2477
$244
$337

 1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:44
Long
HI'r-LO's
1
2477.25
2478.25
$48
$385


1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
12:39
Long
Cons-BO
1
2478.25
2476.50
-$93
$292





 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
13:31
Short
1st 2 DWN
1
3
2476.50
2475.50
$146
$438
3 Contracts on this Flip, next Flip would be more than 5.
If it goes against me will have to Stop it out and start over.
Target was hit.
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
13:50
Short
LO'r-HI's
1
2476.25
2475.25
$46
$484

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
14:23
Short
Cont-S
1
2474.75
2473.50
$62
$546
It is now 15:00 and the market is nearing the end of the day.
We will call it a day with $546 profit in the Sim Account

Daily Summary & Charts

 After the overnight rally the market went mostly sideways with a slight downward bias.
This tight trading range resulted in poor follow through on many trades and a lot of Flip Trades on the day.
You can see the result of that on the equity chart.


































Comments

Post a Comment

Popular posts from this blog

June 19th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $0, Sim Trade Profit $0

Image
Opening Comments No market moving events over the weekend. The markets opened about where they closed and have made a small upward move continuing the Friday late day rally. Prognosis for the week from our advisory subscription is for the market to rally in the first few days then pullback towards the end of the week. Our daily target in the Real Money account , for this week, is $250. Real Money Trading S&P 500 e-Mini Missed a long signal at 1:04 and the market is running higher from that signal. Waiting for the next one. The 2,000 tick appeared to be setting up for 2 consecutive sell signals. I placed an order in anticipation that was filled, then the sell signal did not follow through. 3:40 - Sold 1 short @ 2438.00. Target @ 2437.00 Since this is already off plan and does represent a possible reversal point in the market I am going to adjust the target based on the open and Fibonacci numbers. The mid point between the 23 and 38% retracement levels brin...
Read more

August 22nd, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $ / Sim Trade Profit $863

Image
Opening Comments The market  rallied out of the open continuing Monday's afternoon rally. In the short term, next couple of days, we should expect a rally to take back some of last weeks losses before continuing lower. Our mid term prognosis based on the cycle and inter-market analysis, that we follow, is for the market to decline into October. The forecast provides general direction, but not magnitude. However, looking at the market activity we anticipate the correction could come back to the 2360 levels. Flipping & Recovery Strategy (Modified 21/08/17) Going back to the Plan B Concept for Flipping failed trades and recovering losses. The fundamental  logic of this strategy is to recover the losses of a previous trade, not making a profit. The guidelines are as follows: 1. The trigger event is when a trade does not follow, 2. The trade is flipped in the opposite direction taking the required number of contracts to recover the losses with a one point ...
Read more

May 23rd, 2017 - S&P 500 e-Mini - Trading Activity - Today's Sim Trade Profit $617

Image
Swing Trade Strategies Yesterday I mentioned a Swing Trade Strategy that I follow that needs a bit of work to improve it's performance. This strategy is based on the Naked Close concept. First of all what is a Naked Close? There are 2 types of naked closes. For a show of strength the close of this bar is higher than the high of the previous bar. I call this a Naked Close Long signal. For a show of weakness the close of this bar is lower than the low of the previous bar. I call this a Naked Close Short signal. In the chart below, a daily chart of the S&P 500 e-mini, the green dots indicate bars with a Naked Close Long signal and the red dots indicate bars with Naked Close Short signals. You can see that generally the Naked Close proceeds some sort of move in the direction of the signal. My strategy rules are pretty basic. Enter on the open of the next bar after the signal. Exit on the first profitable open or exit on a reversal or exit at a $3,000 Stop for...
Read more