July 26th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $0, Sim Trade Profit $361

Opening Comments

Pretty boring overnight again.
Once again light volume wit low volatility.

Declined out of the open then rallied back around 2:30 when the European markets opened.
We are still seeing very low volume and low volatility.

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.

We had another pre-regular open rally into the historical high levels today, but the market could not old onto these gains, was in a downtrend from the reg open and ended the day closing lower.

Maybe the rally has exhausted itself and we will get the correction we have been waiting for?

Simulation Trading LW Best TDOM  Bonds

Waiting for next TDOM trade.
Signal day is the 26/07/17
Entry day is the 27/07/17

Simulation Trading S&P 500 e-Mini
Yesterday was a choppy day with lots of Flip Trades making it a tricky day for trading.
There was a decline into yesterday's close that we are seeing some continuation in, at least into the European open.
That decline turned into a rally back to re-test historical high levels near the open of regular trading hours.
Flip Trade Rules
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
23:18
Short
1st 2 DWN
1
2473.50
2475.75
-$119
-$119





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
2:27
Long
1st 2 UP
1
3
2475.75
2476.75
$146
$27
If this Flip Trade does no follow through, I have to Stop it out on the maximum 5 contract rule and start over.
Target Hit.

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
4:51
Long
HI'r-LO's
1
2476.75
2477.75
$48
$75





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
7:01
Long
HI'r-Lo's
1
2477.75
2478.75
$48
$123
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
7:15
Long
Cont-L
1
2478.50
2479.50
$47
$170

Coming into the Reg hours Open we are seeing a Short Bias.

 1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:30
Short
1st 2 DWN
1
2477.75
2476.75
$48
$218
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:36
Short
Cons-BD
1
2476.00
2576.75
-$40
$178





 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
8:48
Long
W-BTM
1
2
2476.75
2477.75
$95
$273
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:04
Long
HI'r-LO's
1
2477.75
2475.75
-$105
$168





 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
9:28
Short
1st 2 DWN
1
2
2475.75
2474.75
$98
$266
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
11:30
ShortLO'r-HI's12476.25
2575.25
$47
$313

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
12:11
Short
Cont-S
1
2475.25
2474.25
$48
$361






The market became choppy in the afternoon so I stepped aside.

Ended the day with a profit of $361.

Daily Summary & Charts

In a down trend for most of the day.
Some choppiness in the afternoon



































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