August 29th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $600 / Sim Trade Profit $0

Opening Comments @ 02:30

We had a good day yesterday, let's see what happens today.

The big gap lower on the open appears to be a reaction to North Korea's launch of an ICBM over Japan.
I wonder how much money North Korea made on this one?

This reaction will probably have a significant impact on today's market movements.
Will we continue lower or will cooler heads prevail and we will se the market come back and fill the gap?

Technically gaps usually fill, but there are a lot of overriding issues this time around.

The way we trade, it does not really matter, we don't care if it goes up or down as long as we are on the right side of it.

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

Yesterday we applied the modified Flipping technique used on the Sim account last week.
When in Plan B take the 1st opposing signal to the direction we are in.
Worked well, we will continue to use that.
Target of $400 per day for this week.

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
2:01Short1st 2 DWN12428.502427.50$45$45





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
2:05ShortCont-S12427.502426.50$45$90





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
2:29ShortCons-BD12426.752425.75$45$135





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
2:55ShortCons-BD12425.502424.50$45$180





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
3:01ShortCont-S12424.002423.00$45$225





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
3:16ShortCont-S12422.002424.25-$125$100





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

I messed this up. 
Hit the wrong button and took more short positions instead of longs.
Reversed it right away and ended up with 1 long position.
Just cost me the commissions.
Decided to stay with that one position.

Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
4:17
Long1st UP of SUP112424.252425.25$45$145

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
4:30Long1st 2 UP12425.002426.00$45$190





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
4:40LongCont-L12426.752427.75$45$235





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
6:14LongCont-L12431.002432.00$45$280





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
7:31Short1st DWN off RES12430.252429.25$45$325
Coming into the Open we are seeing a Short Bias

 1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:18ShortOpen Trade12428.752427.00$83$408



1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:30ShortCont-S12426.752431.25-$230$178




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
8:32
Long1st 2 UP142431.252432.25$180$358

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:36Short1st DWN off RES12431.252433.25-$105$253



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

Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
8:41
LongHI'r-LO's132433.252434.25$135$388

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:46
LongCont-L12435.002434.00-$55$333





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
9:05
Short1stDWN off RES122434.002433.00$90$423

 1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:11
ShortCons-BD12432.252434.25-$105$318





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
9:16Long1st 2 UP132434.252435.25$135$453

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:20
LongCont-L12435.252436.25$45$498






1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:31
LongCont-L12436.752437.75$45$543






1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:43
LongCont-L12439.502440.50$45$588






1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:08
LongCont-L12441.252440.25-$55$533






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
10:18
Short1st 2 DWN122440.252439.50$90$623

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:40
Long1st 2 UP12440.502441.50$45$668







1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:46
LongCont-L12442.002440.75-$68$600





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

Flip Trade - Original Position @ 29/08/17
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
11:05
Short1st 2 DWN122440.75
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 @ 29/08/17
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
12:52
1st 2 DWN132443.252441.50
Target set @ 2440.50

Plan B - Add to Short Position @29/08/17 
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
14:35
1st 2 DWN142446.752442.88
Target Set @ 2441.75

Done for the day with a total profit of $600.

Holding 4 short position in Plan B with an average price of 2442.88 and a target set at 2441.75.

The market closed around 2447 so we are down about $800 at the close.

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)

 Sustained rally through the day filled the gap and then some.
Clearly a market over reaction to the North Korea issue.

Despite the strong rally we did get caught up in a number of Flip trades and ended the day working Plan B on a short trade.





































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