August 16th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit / Sim Trade Profit $866

Opening Comments

Holding 7 contracts short at an average price of 2464.78.
Working Plan B to exit this trade.

Not much activity in the market overnight.
A decline back into support then a rally to near resistance.
At this time still in a narrow trading range from yesterday.

The outlook for the market is for the correction to resume and move lower through the end of August.

Real Account Profit Target for this week is $350 per day.

Real Money Trading S&P 500 e-Mini

At the open we were holding 7 short positions at an average price of 2464.78

Our break even is just above the Fibonnaci 23.6% retracement level.
We will need a target of 2462.25 to recover our losses from Monday.

We have a target set at 2457.25 which is below the support level we could not break through yesterday at the 38% Fibonnaci retracement level.

While we are managing this trade we will continue to trade the Sim Account.

The market rallied into resistance at the previous days high but could not break through.
Closed near the bottom of the days range.

Ended the regular hours holding 7 short positions at an average price of 2464.78.

Simulation Trading S&P 500 e-Mini

We will continue to test out this flipping technique until the end of the week.

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
5:59
Short1st 2 DWN12469.252468.25$47$47





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
8:29ShortOpen Trade12468.752467.75$48$95


1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:40Short1st 2 DWN12467.752469.25-$77$18
No follow through to the Short side, Flip Trade Long
1 Contract to Cover
5 Contracts for Recovery
Trade Losses $77
Point target for recovery 1/2

 Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
8:46
Long1st 2 UP152469.252470.00$175$193
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:06LongCons-BO12470.002469.25-$40$153





No follow through to the Long side, Flip Trade Short
1 Contract to Cover
5 Contracts for Recovery
Trade Losses $40
Point target for recovery 1/4

Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
9:13
Short1st 2 DWN152469.252468.75$113$266
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:30Long1st 2 UP12471.252472.25$46$312
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:46
Long
Cont-L
1
2472.00
2473.00
$49
$361





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:11
Short
1st 2 DWN
1
2470.75
2469.75
$58
$419





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:24
Short
Cons-BD
1
2470.00
2469.00
$48
$467





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:39
Long
1st 2 UP
1
2471.00
2472.00
$45
$512





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
11:03
Long
Cons-BO
1
2472.50
2473.50
$47
$559





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
11:53
Short
1st 2 DWN
2
2470.75
2469.75
$92
$651





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
11:58
Short
Cont-S
1
2470.00
2470.75
-$40
$611






No follow through to the Short side, Flip Trade Long
1 Contract to Cover
5 Contracts for Recovery
Trade Losses $40
Point target for recovery 1/4

Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
12:05
Long1st UP off SUP152470.752471.00$52$663

 1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
12:12

LO'r-HI's
1
2468.00
2467.00
$47
$710





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
13:36
Long
1st Up off SUP
1
2465.25
2466.25
$60
$770





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
13:50
Short
HI'r-LO's
1
2466.25
2467.25
$48
$818





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
13:54
Long
Cont-L
1
2467.00
2468.00
$48
$866






Daily Summary & Charts (Sim Account)

 The Flipping Strategy worked fine today.
Whether it works or not is very dependent on the market activity of the day, how tight the range is and the volatility.
Today we had better flow in the market and it dd not get range bound for any extended length of time.





























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