August 24th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $ / Sim Trade Profit $1,239
Opening Comments @ 01:00
The market continued its late day decline into the after market hours nearly reaching our break even point before rallying back towards the open.
We are looking for another down day to hit our target and get us out of this position.
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 at an average price of 2433.50
Our current target is at 2431.25
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.
If I had used the Sim Account flipping strategy I could have moved the break even up enough to get out of this trade today.
I may consider doing that tomorrow.
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
1st Trade
Flip Trade
The market swung back and forth providing some good opportunities on the day, which we were able to capitalize on, as can be seen by today's equity curve.
Not very many Flip trades and no Plan B's.
Stopped trading just as the market was getting choppy around 11:00 am
The market closed about where it opened.
The market continued its late day decline into the after market hours nearly reaching our break even point before rallying back towards the open.
We are looking for another down day to hit our target and get us out of this position.
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.
Adjust the target as necessary to near the new break even as contracts are added.
Wait for the market to come back and hit the adjusted 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.
Adjust the target as necessary to near the new break even as contracts are added.
Wait for the market to come back and hit the adjusted 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 at an average price of 2433.50
Our current target is at 2431.25
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.
If I had used the Sim Account flipping strategy I could have moved the break even up enough to get out of this trade today.
I may consider doing that tomorrow.
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
|
2:05
| Long | 1st 2 UP | 1 | 2442.75 | 2443.75 | $46 | $46 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 3:49 | Long | Cont-L | 1 | 2443.75 | 2444.75 | $49 | $95 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 6:23 | Long | Cons-BO | 1 | 2446.00 | 2447.00 | $47 | $142 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
7:25
| Long | Cons-BO | 1 | 2447.25 | 2448.25 | $48 | $190 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
7:51
| Long | Cont-L | 1 | 2448.00 | 2449.00 | $48 | $238 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:36
| Long | Cont-L | 1 | 2448.75 | 2446.25 | -$133 | $105 |
No follow through to the Long side, Flip Trade Short
1 Contract to Cover
4 Contracts for Recovery
Flip Trade
4 Contracts for Recovery
Flip Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts Cover
|
#Contracts Recovery
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:38
| Short | 1st 2 DWN | 1 | 4 | 2446.25 | 2445.25 | $196 | $301 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:44
| Short | Cons-BD | 1 | 2444.50 | 2443.50 | $46 | $347 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:44
| Short | Cont-S | 1 | 2443.50 | 2442.50 | $49 | $396 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:50
| Short | Cont-S | 1 | 2442.00 | 2441.00 | $48 | $444 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:51
| Short | Cont-S | 1 | 2441.25 | 2440.25 | $46 | $490 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:52
| Short | 1 | 1 | 2439.75 | 2438.75 | $47 | $537 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 8:59 | Short | LO'r-HI's | 1 | 2438.50 | 2438.50 | $48 | $585 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:08
| Short | Cont-S | 1 | 2437.75 | 2440.25 | -$130 | $455 |
No follow through to the Short side, Flip Trade Long
1 Contract to Cover
3 Contracts for Recovery
3 Contracts for Recovery
Flip Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts Cover
|
#Contracts Recovery
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:15
| Long | 1st 2 UP | 1 | 3 | 2440.25 | 2441.25 | $147 | $602 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:22
| Long | Cons-BO | 1 | 2442.00 | 2443.00 | $47 | $649 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:27
| Long | Cons-BO | 1 | 2443.00 | 2444.00 | $48 | $697 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 9:34 | Long | Cons-BO | 1 | 2444.75 | 2445.75 | $48 | $745 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:49
| Short | 1st 2 DWN | 1 | 2443.75 | 2442.75 | $47 | $792 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
10:13
| Short | Cons-BD | 1 | 2443.00 | 2442.00 | $48 | $840 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 10:14 | Short | Cont-S | 1 | 2441.75 | 2440.75 | $47 | $887 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
10:15
| Short | Cont-S | 1 | 2440.50 | 2439.50 | $48 | $935 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
10:26
| Short | LO'r-HI's | 1 | 2439.00 | 2438.00 | $47 | $982 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 10:28 | Short | Cont-S | 1 | 2437.50 | 2436.25 | $60 | $1042 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
10:34
| Short | LO'r-HI's | 1 | 2435.25 | 2437.00 | -$93 | $949 |
No follow through to the Short side, Flip Trade Long
1 Contract to Cover
3 Contracts for Recovery
3 Contracts for Recovery
Flip Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts Cover
|
#Contracts Recovery
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 10:38 | Long | 1st 2 UP | 1 | 3 | 2437.00 | 2438.00 | $146 | $1095 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
10:44
| Long | Cont-L | 1 | 2437.75 | 2438.75 | $48 | $1143 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
10:49
| Long | Cont-L | 1 | 2439.25 | 2440.25 | $47 | $1191 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
11:11
| Long | HI'r-LO's | 1 | 2439.75 | 2440.75 | $48 | $1239 |
Calling it a day, market appears to be getting choppy and starting to go sideways.
Ended the day with $1,239 profits in the Sim account.
Daily Summary & Charts (Sim Account)
Ended the day with $1,239 profits in the Sim account.
Daily Summary & Charts (Sim Account)
The market swung back and forth providing some good opportunities on the day, which we were able to capitalize on, as can be seen by today's equity curve.
Not very many Flip trades and no Plan B's.
Stopped trading just as the market was getting choppy around 11:00 am
The market closed about where it opened.
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