August 18th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $136 / Sim Trade Profit $0

Opening Comments

Big move to the downside in the markets yesterday.
Our target was hit and we covered the short position with a profit.

What was the catalyst for this decline?
I think it was the natural cycle of the markets supported by the underlying weakness in the broad market.

The tragedy in Barcelona is noise that the media brings in to try and explain something they do not understand.
If you look back at the market reaction to similar incidents in Nice, Berlin and London you will see that there was little or no market reaction to them.

We will continue to trade normally.

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

Real Money Trading S&P 500 e-Mini

Flat at the open back to normal trading.

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
1:53
ShortLO'r-HI's12429.752428.75$45$45





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
2:10
ShortCont-S12427.502426.50$45$90




1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
3:58
ShortCont-S12426.002427.50-$80$10




No follow through to the Short side, Flip Trade Long
1 Contract to Cover
5 Contracts for Recovery
Trade Losses $80
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
4:27
Long1st 2 UP152427.502428.00$100$110
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
4:38
LongCont-L12429.752430.75$45$155



1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
5:16
LongHI'r-LO's12430.752428.00-$140$15





No follow through to the Long side, Flip Trade Short
1 Contract to Cover
5 Contracts for Recovery
Trade Losses $142

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
6:25
Short1st 2 DWN152428.002432.00-$1012-$977
No follow through to the Short side, Flip Trade Long
5 Contracts to Cover
5 Contracts for Recovery
Total Losses $977
Point target for recovery 4.0

 Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
6:50
Long1st 2 UP552432.002436.50$1113$136

This trade took most of the day to work itself out.
There was a strong pullback to the days lows before the rally back to the target.
This flipping technique has not worked out very well.
Both techniques tested over the last 3 or 4 weeks have the same underlying problems.
They are either hot or cold and when cold lock in losses that are hard to recover from.
The old Plan B has worked out just as well in the long run.

Closed the day with $136 profits.

 Simulation Trading S&P 500 e-Mini

No simulation trading today

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

Daily Summary & Charts

Volume and volatility were well above average today.



















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