August 23rd, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $ / Sim Trade Profit $864
Opening Comments
The market declined out of the open taking back some of the gains from the day session.
Then, did its usual rally back towards the open around 2:30 am.
We anticipated a rally in response to last weeks sell off.
The question now is whether the market will decline out of this rally, continue higher or go sideways for a few days looking for direction.
Our mid term prognosis based on the cycle and inter-market analysis, has not changed.
We still expect the markets to continue lower 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.
Real Money Trading S&P 500 e-Mini
We are holding 4 short positions over from yesterday at n average price of 2433.50
Our current target is at 2432.00
We will continue working Plan B to manage this position.
No follow through to the Short side.
Flip trade would take more than 5 contracts.
Revert to Plan B.
No additional contracts added today.
Ended the day holding 4 contracts short at an average price of 2433.60
Target adjusted to 2431.25 based on support level near 2430.00
At this time we are down about $1,000 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 the first signal in each reversal in the direction of our position until we reach a maximum of 10 contracts.
1st Trade
No additional action required.
Flip Trade
1st Trade
1st Trade
Flip Trade
Calling it a day with $864 profits
The market declined out of the open taking back some of the gains from the day session.
Then, did its usual rally back towards the open around 2:30 am.
We anticipated a rally in response to last weeks sell off.
The question now is whether the market will decline out of this rally, continue higher or go sideways for a few days looking for direction.
Our mid term prognosis based on the cycle and inter-market analysis, has not changed.
We still expect the markets to continue lower 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
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 4 short positions over from yesterday at n average price of 2433.50
Our current target is at 2432.00
We will continue working Plan B to manage this position.
Flip Trade - Original Entry @ 21/08/17
Time
|
Trade Direction
|
Signal Type
|
#Contracts Cover
|
#Contracts Recovery
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
10:06
| Short | 1st 2 DWN | 1 | 2 | 2421.25 |
Flip trade would take more than 5 contracts.
Revert to Plan B.
Plan B - Add to Short Position @ 22/08/17
Time
|
Signal Type
|
#Contracts Added
|
# Total Contracts
|
Entry Price
|
Average Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:11
| 1st 2 DWN | 1 | 3 | 2440.75 | 2427.75 |
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 @ 22/08/17
Adjusted the Target to 2426.25
Plan B - Add to Short Position @ 22/08/17
Time
|
Signal Type
|
#Contracts Added
|
# Total Contracts
|
Entry Price
|
Average Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
15:08
| 1st 2 DWN | 1 | 4 | 2450.75 | 2433.5 |
No additional contracts added today.
Ended the day holding 4 contracts short at an average price of 2433.60
Target adjusted to 2431.25 based on support level near 2430.00
At this time we are down about $1,000 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 the first signal in each reversal in the direction of our position until we reach a maximum of 10 contracts.
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
2:17
| Long | 1st 2 UP | 1 | 2449.50 | 2450.50 | $47 | $47 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
2:31
|
Long
|
Cont-L
|
1
|
2450.50
| 2446.00 | -$220 | -$173 |
No follow through to the Long side, Flip Trade Short
1 Contract to Cover
5 Contracts for Recovery
Flip Trade
5 Contracts for Recovery
Flip Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts Cover
|
#Contracts Recovery
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
5:10
| Short | 1st 2 DWN | 1 | 5 | 2446.00 | 2445.00 | $243 | $70 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
6:51
| Short | Cont-S | 1 | 2443.75 | 2442.75 | $47 | $117 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
7:36
| Short | LO'r-HI's | 1 | 2443.50 | 2442.50 | $48 | $165 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:02
| Short | Cons-BD | 1 | 2442.25 | 2441.25 | $48 | $213 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:30
| Short | Cons-BD | 1 | 2439.50 | 2442.50 | -$157 | $56 |
No follow through to the Short side, Flip Trade Long
1 Contract to Cover
4 Contracts for Recovery
4 Contracts for Recovery
Flip Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts Cover
|
#Contracts Recovery
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 8:32 | Long | 1st 2 UP | 1 | 4 | 2442.50 | 2443.50 | $195 | $251 |
No follow through to the Long side.
Flip trade would take more than 5 contracts.
Revert to Plan B.
Market rallied into target.
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:45
| Long | HI'r-LO's | 1 | 2443.50 | 2444.5 | $45 | $296 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:47
| Long | Cont-L | 1 | 2444.25 | 2445.25 | $47 | $343 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:55
| Long | Cons-BO | 1 | 2445.00 | 2443.50 | -$79 | $264 |
No follow through to the Long side, Flip Trade Short
1 Contract to Cover
2 Contracts for Recovery
2 Contracts for Recovery
Flip Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts Cover
|
#Contracts Recovery
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 9:03 | Short | 1st 2 DWN | 1 | 2 | 2443.50 | 2442.5 | $96 | $360 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:06
| Short | Cont-S | 1 | 2443.00 | 2442.00 | $48 | $408 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:07
| Short | Cont-S | 1 | 2442.25 | 2441.25 | $49 | $457 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:17
| Long | 1st 2 UP | 1 | 2445.00 | 2446.00 | $48 | $505 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:22
| Short | 1st DWN off RES | 1 | 2444.50 | 2443.50 | $47 | $552 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:25
| Short | 1st 2 DWN | 1 | 2444.00 | 2443.00 | $46 | $598 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:31
| Short | Cons-S | 1 | 2443.25 | 2445.25 | -$104 | $494 |
No follow through to the Short side, Flip Trade Long
1 Contract to Cover
3 Contracts for Recovery
Flip Trade
3 Contracts for Recovery
Flip Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts Cover
|
#Contracts Recovery
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 9:43 | Long | 1st 2 UP | 1 | 3 | 2445.25 | 2446.25 | $146 | $640 |
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:47
| Long | Cont-L | 1 | 2446.50 | 2445.00 | -$80 | $560 |
No follow through to the Long side, Flip Trade Short
1 Contract to Cover
3 Contracts for Recovery
Flip Trade
3 Contracts for Recovery
Flip Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts Cover
|
#Contracts Recovery
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:57
| Short | 1st 2 DWN | 1 | 3 | 2445.00 | 2444.00 | $145 | $705 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:59
| Short | Cont-S | 1 | 2444.00 | 2433.00 | $48 | $753 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
10:21
| Long | 1st 2 UP | 1 | 2445.50 | 2446.50 | $48 | $801 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
10:40
| Long | HI'r-LO's | 1 | 2447.25 | 2444.75 | -$133 | $668 |
No follow through to the Long side, Flip Trade Short
1 Contract to Cover
4 Contracts for Recovery
4 Contracts for Recovery
Flip Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts Cover
|
#Contracts Recovery
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
11:40
| Short | 1st 2 DWN | 1 | 4 | 2444.75 | 2443.75 | $196 | $864 |
Calling it a day with $864 profits
Daily Summary & Charts (Sim Account)
A good trading day, market flowing well and no persistent sideways ranges.
Decent follow through on most trades.
A number of Flip trades, but no Plan B's.
A good trading day, market flowing well and no persistent sideways ranges.
Decent follow through on most trades.
A number of Flip trades, but no Plan B's.
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