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

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 target.
3. If flipping requires more than 5 contracts ( this happens if the market runs away or if there are consecutive losing trades) we revert to Plan B.

Plan B guidelines:

Hold the position and add contracts strategically as the market runs away from the entry point to maintain a break even that is within a 50% retracement level  between to last low and high of the current market cycle.
The maximum number of contracts to be added is 5 for a total position of 10 contracts.
Look for W or Support & Resistance trade signals for entry points to add contracts.
Raise the target as necessary to the new break even as contracts are added.
Wait for the market to come back and hit the break even target.

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
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

Real Money Trading S&P 500 e-Mini

We are holding 2 short positions over from yesterday priced at 2421.25.
Our current target is at 2420.25.
We are working Plan B to manage this position.

Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
10:06
Short1st 2 DWN122421.25
No follow through to the Short side.
Flip trade would take more than 5 contracts.

Revert to Plan B.
Plan B - Add to Short Position
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
9:11
1st 2 DWN132440.752427.75
We were approaching the 50% retracement level for this cycle, so I added one contract.
Adjusted the Target to 2426.25

 Plan B - Add to Short Position
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
15:08
1st 2 DWN142450.752433.5
Added another contract near the end of the day to get my break even back to near the 50% retracement level.
Adjusted target to 2432.00

 Closed the day holding 4 contracts short at an average price of 2433.50.

At this time we are down about $3,000 on this trade.

 Simulation Trading S&P 500 e-Mini

Will trade the simulation while managing the Real trade

The Flipping and Recovery Strategy in the Sim account is slightly different than the Real Account.
In the Sim account we will test taking every opposing signal until we reach a maximum of 10 contracts.

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
2:36
Short
1st 2 DWN
1
2434.00
2433.00
$47
$47





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
4:20
Short
Cons-BD
1
2429.75
2432.00
-$115
-$68





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

Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
6:13
Long1st 2 UP132432.002433.00$143$75

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
7:06
Long
Cons-BO
1
2433.00
2434.00
$48
$123





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
7:16
Long
Cont-L
1
2434.50
2435.50
$47
$170





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
7:34
Long
Cont-L
1
2435.50
2433.75
-$90
$80





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

 Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
8:12
Short1st 2 DWN132433.752432.75$143$223

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:32
Long
1st 2 UP
1
2435.00
2436.00
$47
$270





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:33
Long
Cont-L
1
2435.50
2436.50
$48
$318





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:34
Long
Cont-L
1
2435.75
2436.75
$47
$365





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:36
Long
Cont-L
1
2437.75
2438.75
$48
$413





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:36
Long
Cont-L
1
2439.00
2440.00
$47
$460





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:38
Long
Cont-L
1
2439.75
2440.75
$48
$508





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:39
Long
Cont-L
1
2440.75
2440.00
-$43
$465





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

 Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
8:47
Short1st 2 DWN122440.002441.00-$105$360
I jumped the gun on this trade and the signal did not follow through to the end of the bar.
Flipped back long right away to a single contract position.
Lost a bit in the shuffle.

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:50
Long
Mistake
1
2441.00
2442.00
$52
$412





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:59
Short
1st 2 DWN
1
2440.50
2441.75
-$65
$347





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

 Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
9:14
Long1st 2 UP122441.752442.75$94$441

 1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:21
Long
2443.00
1
2443.00
2444.00
$49
$490





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:01
Long
Cont-L
1
2444.25
2445.25
$47
$537





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:36
Long
Cont-L
1
2445.75
2446.75
$48
$585





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
11:10
Long
Cons-BO
1
2447.00
2448.00
$47
$632





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
11:25
Short
1st 2 DWN
1
2447.00
2446.00
$48
$680





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
12:06
Long
1st 2 UP
1
2448.00
2449.00
$48
$728





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
13:20
Long
1st 2 UP
1
2449.00
2450.00
$47
$775





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
13:28
Long
Cons-BO
1
2449.75
2450.75
$47
$822





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
13:48
Short
1st 2 DWN
1
2449.75
2451.75
-$105
$717





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

 Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
14:12
Long1st 2 UP132451.752452.75$146$863

 Closed out the day with $863 profits in the Sim Account.

 Daily Summary & Charts (Sim Account)

The market rallied back the 50%Fibonacci  retracement level today.
Interesting to see a period of such high volatility following the 3 weeks of range bound sideways movement.
A solid day today with a few flip trades, but nothing that put us in a Plan B situation.































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