August 28th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $1,151 / Sim Trade Profit $0

Opening Comments @ 02:00

The market opened a bit lower, nothing dramatic, rallied then moved lower and hit our target on the open short position @ 2436.75.

We can return to normal trading with a target of $400 per day for this week.

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 through,
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 moves away from the 1st entry point to maintain a break even that is within a 50% Fibonacci retracement level between to last significant 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

On the open we were holding 6 short positions at an average price of 2438.54.
The market moved lower after the open and took out this position at our target, 2436.75, for a profit of $539.

The modified Flipping technique used on Friday put us in position for this exit.

We can return to normal trading with a target of $400 per day for this week.

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
Short1st 2 DWN122421.252436.75-$1550-$1550
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 @ 22/08/17
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
9:11
1st 2 DWN132440.752427.752436.75$200-$1350
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
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
15:08
1st 2 DWN142450.752433.52436.75$700-$650
Plan B - Add to Short Position @ 25/08/17
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
7:38
1st 2 DWN152446.502436.102436.75$489-$161
Plan B - Add to Short Position @ 25/08/17
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
9:05
1st 2 DWN162450.752438.542436.75$700$539
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
2:15
ShortLO'r-HI's12436.752441.00-$215$324





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

Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
3:03
Long1st 2 UP142441.002442.25$240$564

 1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
6:22LongCont-L12443.502444.50$45$609





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
7:11LongCont-L12445.752446.75$45$654





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
7:52LongCont-L12447.002448.00$45$699





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:18LongCont-L12448.502447.25-$65$634




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
8:34
Short1st 2 DWN122447.252446.25$95$729
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:54ShortCont-S12443.252442.25$45$774



1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:03
ShortCont-S12442.002444.25-$115$659
No follow through to the Short side, Flip Trade Long
1 Contract to Cover
3 Contracts for Recovery

Flip Trade - First Entry @ 28/08/17
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
9:12Long1st 2 UP132444.252445.00$97$756
No follow through to the Long side.
Flip trade would take more than 5 contracts.
Revert to Plan B.
Plan B - Add to Long Position @ 28/08/17
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
9:41
1st 2 UP142442.502443.842445.00$120$876

 Adjust Target to 2445.00
Rallied into target. We are out, back to normal trading.

 1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:18
Short1st 2 DWN12443.752442.75$45$921





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:27
ShortCont-S12442.752441.75$45$966





 1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:36
ShortCont-S12441.752442.50-$40$926





No follow through to the Short side, Flip Trade Long
1 Contract to Cover
1 Contracts for Recovery
Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
10:43
Long1st UP off SUP112442.502443.50$45$971

 1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:57
LongCont-L12443.752438.75-$205$766





No follow through to the Long side, Flip Trade Short
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
11:24
Short1st 2 DWN152439.752438.75$225$991

 1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
11:44
ShortLO'r-HI's12438.252441.50-$165$826





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

Flip Trade - First Entry @ 28/08/17
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
12:58LongHI'r-LO's142441.502443.25$325$1151
No follow through to the Long side.
Flip trade would take more than 5 contracts.
Revert to Plan B.

 No further action required. Market rallied into target. We are out.

 Done for the day with a total profit of $1,151 including the closed out short position carried over from last week and todays trading.

Simulation Trading S&P 500 e-Mini

No simulation trading today.

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.

Daily Summary & Charts (Real Account)

 A bit of a back and forth day. A number of flipped trades and one Plan B.
At the end of it there was enough movement in the market ot come out with a nice profit.


































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