August 11th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $3,000, Sim Trade Profit $891

Opening Comments

Yesterday was a wild ride down.
Looks like this was a reaction to Trump's stance on North Korea.
What will the market do today and more importantly what do I do with the open short position?

The market has a tendency to retrace after a big move like this.

Real Account Profit Target for this week is $350 per day, once we close out the current open position.

Real Money Trading S&P 500 e-Mini

Short 8 contracts at an average price of 2440.00.

I decided to take out 7 of the positions at 2434.00
This should give me a profit of about $1500 on these contracts.

I kept one position an put the target @ 2426.25.

This target is base done on the NYSE and a support level at about the 2.755 retracement level overall.

Continue to monitor the position.

If the market runs back up to the break even at 2440, I will stop out the final contract.
About an hour before the open the market rallied back to the 2440 level and I closed out the trade at 2440.75.
The market started trading like it was in regular hours.
Lots of volume and volatility.
Should be an interesting day.

This is gives me a profit of around $3,000 on the trade.

Not bad considering it was in a loss position of about $16,000 a few days ago.

Simulation Trading LW Best TDOM  Bonds

We are long 1 @ 155 16/32 from 11/08/17
Stop @ 153 28/32
1st exit day is 15/08/17

Simulation Trading S&P 500 e-Mini
Flip Trade Rule (Modified 07/08/17)
When Flipping trades we flip immediately to 5 contracts.
The target for the flip trade will be the recovery of the previous trades losses.
Profit is secondary to recovery of losses and getting flat.
This will apply to apply to all trades that do not follow through.

Trade Signals
I added an additional trade signal to the mix, the Support & Resistance Trade
This comes into play when the market encounters a support and resistance level and either bounces off or retreats from.
In this case the first naked close signal is taken as the entry point.
This signal differs from the W in that it can occur wherever support and resistance levels occur whereas the W signals generally occur at trend tops and bottoms.
For a more detailed description of all signals see the post;
My Trading Signals Explained - Updated 05/08/17 - Added Signal Support & Resistance

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
W Trades
W Bottom – Long
W-BTM
W Top – Short
W-TOP
Support & Resistance
1st Up off Support – Long
1st UP Off SUP
1st Down off Resistance – Short
1st DWN off RES
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
Consolidation Trades
Consolidation Break Out – Long
Cons-BO
Consolidation Break Down – Short
Cons-BD
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
5:39
Long
Cons-BO
1
2434.75
2433.00
-$90
-$90





No follow through to the Long side, Flip Trade
1 Contract to Cover
5 Contracts for Recovery
Lost $ 90  on this trade
Need  1/2  point target for recovery

Flip Trade
Time
Flip Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
6:13
Short1st 2 DWN152433.002432.50$113$23
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
6:46
Short
LO'r-HI's
1
2431.25
2430.25
$47
$70





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
7:01
Long
1st UP off SUP
1
2433.00
2434.00
$47
$117





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
7:07
Long
1st 2 UP
1
2433.75
2434.75
$48
$165





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
7:13
Long
Cont-L
1
2434.25
2435.25
$47
$212





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
7:24
Long
Cont-L
1
2435.25
2436.25
$48
$260





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
7:32
Long
Cons BO
1
2438.25
2439.25
$48
$308





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
7:37
Long
Cont-L
1
2441.25
2442.25
$48
$356





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:06
Long
Cont-L
1
2442.25
2443.25
$60
$416





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:11
Long
Cont-L
1
2443.75
2441.75
-$102
$314





No follow through to the Long side, Flip Trade
1 Contract to Cover
5 Contracts for Recovery
Lost $ 102        on this trade
Need  1/2      point target for recovery

Flip Trade
Time
Flip Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
8:19
Short1st 2 DWN152441.752441.25$113$427

 1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:23
Short
Cont-S
1
2441.25
2440.25
$48
$474





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:28
Short
Cont-S
1
2439.25
2438.25
$47
$521






Coming into the Reg hours Open we are seeing a Short Bias.
I decided to step aside and watch the open for a bit.
There was a rally off the open into a lower short term high then a decline into a sell signal.
This is were I entered the market

 1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:39
Short
Cont-S
1
2438.75
2437.75
$47
$568





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:46
Short
LO'r-HI's
1
2437.25
2436.25
$48
$616





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:53
Long
1st 2 UP
1
2439.50
2440.50
$47
$663
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:05
Long
HI'r-LO's
1
2441.25
2442.25
$47
$710





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:07
Long
Cont-L
1
2442.75
2443.75
$48
$758





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:08
Long
Cont-L
1
2444.00
2445.00
$49
$807





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:12
Long
Cons-BO
1
2444.75
2442.00
-$137
$670





No follow through to the Long side, Flip Trade Short
1 Contract to Cover
5 Contracts for Recovery
Lost $ 137    on this trade
Need  3/5      point target for recovery

 Flip Trade
Time
Flip Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
9:32
ShortCons-BD152442.002442.25$175$845
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:36
Long
1st 2 UP
1
2444.50
2445.50
$46
$891






Well, I think that is enough excitement for one day and one week.
Packing it in with $891 profit.

The remainder of the day was still tradeable, but a bit more choppy and difficult to read than the first part of the day.

 Daily Summary & Charts

 The market did more or less what was expected today and rallied back from yesterday's big move lower.
































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