July 5th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $312, Sim Trade Profit $740
Opening Comments
We are coming into the open flat and will continue the normal Day Trading strategies.
Profit Target for this week is $300 per day.
Real Money Trading S&P 500 e-Mini
July 4th Holiday is over and we get back to normal trading.
There was a small decline out of the open, a continuation of the move from Monday, then a rally, a pullback then a rally off the higher short term low into a buy signal on the 2,000 tick chart.
2:31 - Took 1 contract Long @ 2427.50. Target @ 2428.50.
Target hit, we are flat with profit of $45
2,000 tick declines of the high into 2 consecutive sell signals. I did not wait for this bar to close before taking 1 short @ 2424.50. Target @ 2423.50.
The target was hit before the bar closed.
We are flat with profit of $90
3:40 - The 2,000 tick bar closed with the 2 consecutive sell signals so I put in an order for 1 short just above the open of the next bar @ 2423.75, expecting a small rally.
Got filled on this order. Target @ 2422.75.
No follow through. 2,000 tick rallied off the low, pulled back, then rallied off a higher short term low into a buys signal.
5:53 - Placed an order to flip trade. 5 long @ 2426.50. 1 to cover the short and 4 for recovery. Order filled. Target @ 2427.50.
The market struggled higher then gained a bit of momentum near the target. I pushed it up to 2427.75.
The target was hit, we are flat with profit of $178.
The 2,000 tick declined off the high @ 2429 and looked like it was going to give us a sell signal on 2 2 consecutive sell signals. I jumped the gun a bit and took 2 short positions @ 2427.75. This was my setup going into the open. Target @ 2426.75.
The 2 consecutive sell signals did not form. I should have been more patient.
Coming into the open all signals are now indicating a long bias.
2 minutes before the open the market became less committed to the long side.
From the open the market declined, rallied then declined off a lower short term high into a sell signal, then continued lower into my target.
We are flat with profit of $267.
The 2,000 tick consolidated for 3 bars then broke lower into a sell signal.
8:43 - took 1 short @ 2425.00. Got a good fill. Target @ 2424.00
Target hit, we are flat with $312 profit.
Profit Target is met for the day
Switching to the Sim Account
Simulation Trading LW Best TDOM Bonds
No trades open.
Next entry day is 6/7/17
Simulation Trading S&P 500 e-Mini
The 2,000 tick rallied off support @ the 2423 level, consolidated then declined into a sell signal.
8:55 - Took 2 short @ 2423.75. Target @ 2422.75.
Target hit, we are flat with $95 profit.
2,000 tick consolidated at resistance then broke through giving us a sell signal. Took 2 short @ 2421.75. Target @ 2420.75.
Target hit, we are flat with $190 profit.
2,000 tick rallied off the low into what I thought was a 2 consecutive buy signal, but the second signal did not form. Seem to be doing that a lot today.
9:09 - Took 2 long @ 2421.00. Did what I should have done with the first one and took it out at 2421.25 for a small profit as a mistake trade.
We are flat with $210 profit.
Now we get the 2 consecutive buy signals.
9:12 - Took 2 long @ 2422.50. Target @ 2423.50
No follow through.
2,000 tick rallies then declines off the lower short term high into a sell signal. Flip Trade.
9:15 - Took 9 short @ 2419.75. 2 to cover the longs and 7 for recovery. Target @ 2422.50.
No follow through.
2,000 tick rallies off support, pulls back then rallies from a higher short term low into a buy signals.
9:29 - took 28 long @ 2421.50. 7 to cover the shorts and 21 for recovery. Target @ 2422.50.
This is the maximum number of contracts I will take before going to Plan B in the Simulation account.
We will see what happens.
Target hit, we are flat with $301 profit.
2,000 tick make a short consolidation then breaks higher into a buy signal.
9:40 - Took 2 long @ 2424.75. Target @ 2425.75
Target hit, we are flat with $396 profit.
2,000 tick declines off the high then rallies from a higher short term low into a buy signal.
9:53 - Took 2 long @ 2426.00. Target @ 2427.00.
Target hit, we are flat with $491 profit.
2,000 tick consolidates for 3 bars then breaks higher into a buy signal.
10:02 - Took 2 long @ 2428.00. Target @ 2429.00.
Target hit, we are flat with $586 profit.
2,000 tick declines of the high into 2 consecutive sell signals. Waited for the bar to close this time.
10:23 - Took 2 short @ 2427.50. Target @ 2426.50
Target hit, we are flat with $681 profit.
10,000 tick gives us a sell signal coming off a test of resistance @ the 2429 level.
10:50 - Took 2 short @ 2426.75. Target @ 2425.75.
No follow through.
The 2,000 tick went sideways for a number of bars then broke higher into 2 consecutive buy signals.
11:20 - Took 7 long @ 2428.50. 2 to cover the shorts and 5 for recovery. Target @ 2429.50.
Target hit, we are flat with $740 profit.
Combined profit of the Real Account and Sim Account is over $1,000 for today.
time to call it a day.
Daily Summary & Charts
Pretty clear picture on the chart today of the entries and exits.
Better performance in the long trades today than the shorts.
One time today we had two trades in a row go against us.
This is were the recovery technique can get out of control.
Today we maxed out at 21 contracts.
We are coming into the open flat and will continue the normal Day Trading strategies.
Profit Target for this week is $300 per day.
Real Money Trading S&P 500 e-Mini
July 4th Holiday is over and we get back to normal trading.
There was a small decline out of the open, a continuation of the move from Monday, then a rally, a pullback then a rally off the higher short term low into a buy signal on the 2,000 tick chart.
2:31 - Took 1 contract Long @ 2427.50. Target @ 2428.50.
Target hit, we are flat with profit of $45
2,000 tick declines of the high into 2 consecutive sell signals. I did not wait for this bar to close before taking 1 short @ 2424.50. Target @ 2423.50.
The target was hit before the bar closed.
We are flat with profit of $90
3:40 - The 2,000 tick bar closed with the 2 consecutive sell signals so I put in an order for 1 short just above the open of the next bar @ 2423.75, expecting a small rally.
Got filled on this order. Target @ 2422.75.
No follow through. 2,000 tick rallied off the low, pulled back, then rallied off a higher short term low into a buys signal.
5:53 - Placed an order to flip trade. 5 long @ 2426.50. 1 to cover the short and 4 for recovery. Order filled. Target @ 2427.50.
The market struggled higher then gained a bit of momentum near the target. I pushed it up to 2427.75.
The target was hit, we are flat with profit of $178.
The 2,000 tick declined off the high @ 2429 and looked like it was going to give us a sell signal on 2 2 consecutive sell signals. I jumped the gun a bit and took 2 short positions @ 2427.75. This was my setup going into the open. Target @ 2426.75.
The 2 consecutive sell signals did not form. I should have been more patient.
Coming into the open all signals are now indicating a long bias.
2 minutes before the open the market became less committed to the long side.
From the open the market declined, rallied then declined off a lower short term high into a sell signal, then continued lower into my target.
We are flat with profit of $267.
The 2,000 tick consolidated for 3 bars then broke lower into a sell signal.
8:43 - took 1 short @ 2425.00. Got a good fill. Target @ 2424.00
Target hit, we are flat with $312 profit.
Profit Target is met for the day
Switching to the Sim Account
Simulation Trading LW Best TDOM Bonds
No trades open.
Next entry day is 6/7/17
Simulation Trading S&P 500 e-Mini
The 2,000 tick rallied off support @ the 2423 level, consolidated then declined into a sell signal.
8:55 - Took 2 short @ 2423.75. Target @ 2422.75.
Target hit, we are flat with $95 profit.
2,000 tick consolidated at resistance then broke through giving us a sell signal. Took 2 short @ 2421.75. Target @ 2420.75.
Target hit, we are flat with $190 profit.
2,000 tick rallied off the low into what I thought was a 2 consecutive buy signal, but the second signal did not form. Seem to be doing that a lot today.
9:09 - Took 2 long @ 2421.00. Did what I should have done with the first one and took it out at 2421.25 for a small profit as a mistake trade.
We are flat with $210 profit.
Now we get the 2 consecutive buy signals.
9:12 - Took 2 long @ 2422.50. Target @ 2423.50
No follow through.
2,000 tick rallies then declines off the lower short term high into a sell signal. Flip Trade.
9:15 - Took 9 short @ 2419.75. 2 to cover the longs and 7 for recovery. Target @ 2422.50.
No follow through.
2,000 tick rallies off support, pulls back then rallies from a higher short term low into a buy signals.
9:29 - took 28 long @ 2421.50. 7 to cover the shorts and 21 for recovery. Target @ 2422.50.
This is the maximum number of contracts I will take before going to Plan B in the Simulation account.
We will see what happens.
Target hit, we are flat with $301 profit.
2,000 tick make a short consolidation then breaks higher into a buy signal.
9:40 - Took 2 long @ 2424.75. Target @ 2425.75
Target hit, we are flat with $396 profit.
2,000 tick declines off the high then rallies from a higher short term low into a buy signal.
9:53 - Took 2 long @ 2426.00. Target @ 2427.00.
Target hit, we are flat with $491 profit.
2,000 tick consolidates for 3 bars then breaks higher into a buy signal.
10:02 - Took 2 long @ 2428.00. Target @ 2429.00.
Target hit, we are flat with $586 profit.
2,000 tick declines of the high into 2 consecutive sell signals. Waited for the bar to close this time.
10:23 - Took 2 short @ 2427.50. Target @ 2426.50
Target hit, we are flat with $681 profit.
10,000 tick gives us a sell signal coming off a test of resistance @ the 2429 level.
10:50 - Took 2 short @ 2426.75. Target @ 2425.75.
No follow through.
The 2,000 tick went sideways for a number of bars then broke higher into 2 consecutive buy signals.
11:20 - Took 7 long @ 2428.50. 2 to cover the shorts and 5 for recovery. Target @ 2429.50.
Target hit, we are flat with $740 profit.
Combined profit of the Real Account and Sim Account is over $1,000 for today.
time to call it a day.
Daily Summary & Charts
Pretty clear picture on the chart today of the entries and exits.
Better performance in the long trades today than the shorts.
One time today we had two trades in a row go against us.
This is were the recovery technique can get out of control.
Today we maxed out at 21 contracts.
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