July 30th Weekly Summary - Real Money Account Loss -$8.54 / Sim Account Profit $846

The Week in Review

We ended the week with 8 contracts short at an average price of 2440.00.

All the near term cycle and intermarket analysis that we follow is pointing towards a correction. We could expect this correction to take us back to the 2400 levels.

We will continue to monitor this trade, and possibly take additional positions should we see some definitive sell signals in the daily charts next week.

When we successfully close this short position we will go back to Day Trading with a daily target of $350.

Real Money Account

We ended the week holding 8 contracts short.

We took a small loss on the week of $8.54 due to commission and the carry costs on the contracts.
Our net paper position at the end of the week was negative $11,195.

Our current break even point is 2440.00 which is just below the 50% Fibonacci retracement level.

The activity this week was mostly sideways with a down bias near the end of the week.


















Real Money Account Charts

This trade has no impact on our account value until we close it out.
But the ROR is going down because we are out of the market.



We are getting behind the curve.
We will have some catching up to do when we get back to Day Trading.


Bonds Trading Day of the Month (TDOM) Simulation Trading

No Bond trades have been closed out this week.
We are currently in a Long position @ 153.
Stop @ 151 12/32
1st exit day is 31/07/17.

Will be looking for an exit on this trade through the week.

S&P 500 E-mini Sim Account

 At the start of the week I used the flipping rules mentioned in last weeks summary.
It worked OK the on Thursday and Friday I tried a different Flipping technique which I am not sure will work out.
Friday was the first losing day for a long time int he Sim Account.
Will keep doing this for a couple of days and see what happens.
Still looking for a way to keep out of this long Plan B holds like we are now  with the Real Money account.

I ended the week with a profit of $846.
This is one of the poorest weeks of Sim Trading I have had for a while.

Sim Account Chart





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