July 7th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $1,231, Sim Trade Profit $380

Opening Comments

Very little movement in the market overnight.

Our objective today is the get out of the current trade with a profit.

Profit Target for this week is $300 per day.

Real Money Trading S&P 500 e-Mini

We are currently sitting with 7 contracts long at an average price of 2416.18.

The Fibonnaci 50% retracement is now at 2418.75.

I checked the daily statement from Tradestation and the way they do the math it turns out I made a profit of $968  yesterday.
The flip side of that is that the average entry price for my current 7 long contracts is 2419.21.

So, I will be looking for a target just over 2419.25 to close out this position.

The market rallied just before the open on the good US job numbers.
Rallied into the 2417 level and has found resistance.
Since the open it has traded in a fairly tight range just below this resistance level.

I have adjusted my target to 2420.00.

Market broke out of the range, through resistance and hit our target.
We are flat with a total profit for yesterday and today of $1,231.

Exceeded the targets for today and yesterday.

Switch to Sim Account.

Simulation Trading LW Best TDOM  Bonds

We have one contract long which has moved against us and is approaching our Stop.
This position was stopped out @ 151 24/32 for a loss of  $1,594.

TDOM entry day is 6/7/17.
Took 1 Long @ 153 11/32 on the open.
Stop @ 151 23/32.
1st exit day is 10/7/17.

Simulation Trading S&P 500 e-Mini

The 2,000 tick chart made a shallow pullback then rallied into a buy signal.
10:35 - Took 2 long @ 2421.00. Target 2422.00
Target hit, we are flat with $95 profit.

The 2,000 tick consolidated for a couple of bars, made a shallow pullback then rallied into a buy signal.
10:57 - Took 2 long @ 2421.50. Target @ 2422.50.
Target hit, we are flat with $180 profit.

The market went sideways for a couple of hours with a slight upward bias, then the 2,000 tick gave us a buy signal off a shallow pullback within the consolidation.
13:00 - Took 2 long @ 2423.75. Target @ 2424.75.
Target hit, we are flat with $285 profit.

The 2,000 tick made a lower short term high coming off the day high, gave us one sell signal, then the next bar broke lower.
13:26 - Took 2 short @ 2422.75. Target @ 2421.75.
This was an aggressive entry in anticipation of the market selling off coming into the end of the day.
I am going to play this a bit differently and look for a retracement back to the  2418 level.
Target adjusted to 2418.50.

Getting close to the close and the market has not followed through with the retracement, so I moved the target up to 2421.75.
Target was hit, we are flat with  $380 profit.

Done for the day.
Combined profits with the Real and Sim Accounts for today is $1,611.

Daily Summary & Charts
The information below is for last two trading days in the Real Money Account















This is a chart of the Real Account showing the trades for yesterday and today.





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