August 1st, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $0, Sim Trade Loss $952

Opening Comments

The market rallied out of the open into the 2475 level which appears to be a near term resistance level.

We are short 8 contracts with an average price of 2440.00.
Our target is held over from early last week at 2419.25.

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

Based on cycle and inter-market analysis that we follow, we are expecting a market correction in the near term, before the end of July.

Real Money Trading S&P 500 e-Mini

Short 8 contracts at an average price of 2440.00.

Continue to monitor.


Simulation Trading LW Best TDOM  Bonds

We are long 1 @ 153 5/32 from 31/07/17
Stop @ 151 17/32
1st exit day is 02/08/17

EOD we are in profit. Placed order to sell 1 A 153 24/32.

Next TDOM entry day is 02/08/17
Place order to buy 1 @ 153 22/32

Simulation Trading S&P 500 e-Mini
Flip Trade Rule (Modified 27/07/17)
When Flipping trades we flip immediately to 5 contracts.
This will apply to apply to all trades that do not follow through.

Trade Signals
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
Consolidation Trades
Consolidation Break Out – Long
Cons-BO
Consolidation Break Down – Short
Cons-BD
W Trades
W Bottom – Long
W-BTM
W Top – Short
W-TOP
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
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
2:28
Short
W-TOP
1
2475.00
2473.00
-$102
-$102





No follow through to the Long side, Flip Trade.
1 Contract to Cover.
5 Contracts for Recovery.

 Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
2:28
Short
W-TOP
1
5
2473.00
2476.50
-$887
-$989
No follow through to the Short side, Flip Trade.
5 Contracts to Cover.
5 Contracts for Recovery.

Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
3:26
Long
Cont-L
5
5
2476.50
2473.75
-$699
-$1688
No follow through to the Long side, Flip Trade.
5 Contracts to Cover.
5 Contracts for Recovery.

Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
5:52
Short
1st 2 DWN
5
5
2473.75
2472.50
$300
-$1388

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
6:22
Short
Cont-S
1
2472.50
2471.50
$48
-$1340





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
6:35
Short
Cont-S
1
2472.50
2471.50
$47
-$1293





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:32
Long
1st UP off SUP
1
2470.00
2471.00
$48
-$1245





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:42
Long
Cont-L
1
2471

$47
-$1198





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:53
Long
Cont-L
1
2471.75
2472.75
$48
-$1150





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
11:18
Long
Cons BO
1
2473.50
2472.75
-$40
-$1190





No follow through to the Long side, Flip Trade.
1 Contract to Cover.
5 Contracts for Recovery.

Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
13:51
Short
1st DWN off Ress
1
5
2472.75
2471.75
$238
-$952

Ended the day with a loss of $952.
Not a good performance from the Flipping Technique today.
Will give this until the end of the week, but it is not looking good.


Daily Summary & Charts

 Dug ourselves a hole in the morning and never got out of it despite a number of good trades in the regular hours.
Illustrates a weakness of this Flipping Strategy.







































Comments

Post a Comment

Popular posts from this blog

June 19th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $0, Sim Trade Profit $0

Image
Opening Comments No market moving events over the weekend. The markets opened about where they closed and have made a small upward move continuing the Friday late day rally. Prognosis for the week from our advisory subscription is for the market to rally in the first few days then pullback towards the end of the week. Our daily target in the Real Money account , for this week, is $250. Real Money Trading S&P 500 e-Mini Missed a long signal at 1:04 and the market is running higher from that signal. Waiting for the next one. The 2,000 tick appeared to be setting up for 2 consecutive sell signals. I placed an order in anticipation that was filled, then the sell signal did not follow through. 3:40 - Sold 1 short @ 2438.00. Target @ 2437.00 Since this is already off plan and does represent a possible reversal point in the market I am going to adjust the target based on the open and Fibonacci numbers. The mid point between the 23 and 38% retracement levels brin...
Read more

August 22nd, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $ / Sim Trade Profit $863

Image
Opening Comments The market  rallied out of the open continuing Monday's afternoon rally. In the short term, next couple of days, we should expect a rally to take back some of last weeks losses before continuing lower. Our mid term prognosis based on the cycle and inter-market analysis, that we follow, is for the market to decline into October. The forecast provides general direction, but not magnitude. However, looking at the market activity we anticipate the correction could come back to the 2360 levels. Flipping & Recovery Strategy (Modified 21/08/17) Going back to the Plan B Concept for Flipping failed trades and recovering losses. The fundamental  logic of this strategy is to recover the losses of a previous trade, not making a profit. The guidelines are as follows: 1. The trigger event is when a trade does not follow, 2. The trade is flipped in the opposite direction taking the required number of contracts to recover the losses with a one point ...
Read more

May 23rd, 2017 - S&P 500 e-Mini - Trading Activity - Today's Sim Trade Profit $617

Image
Swing Trade Strategies Yesterday I mentioned a Swing Trade Strategy that I follow that needs a bit of work to improve it's performance. This strategy is based on the Naked Close concept. First of all what is a Naked Close? There are 2 types of naked closes. For a show of strength the close of this bar is higher than the high of the previous bar. I call this a Naked Close Long signal. For a show of weakness the close of this bar is lower than the low of the previous bar. I call this a Naked Close Short signal. In the chart below, a daily chart of the S&P 500 e-mini, the green dots indicate bars with a Naked Close Long signal and the red dots indicate bars with Naked Close Short signals. You can see that generally the Naked Close proceeds some sort of move in the direction of the signal. My strategy rules are pretty basic. Enter on the open of the next bar after the signal. Exit on the first profitable open or exit on a reversal or exit at a $3,000 Stop for...
Read more