August 30th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $385 / Sim Trade Profit $142
Opening Comments @ 02:00
Hit another Trading Milestone yesterday.
Broke through the $20,000 profit level on the Real Money Account.
Yesterday's market rallied back to close the gap down on the open, a result of an over reaction to North Korea test firing a missile over Japan.
The market decided it was not really that big of a deal.
From today's open the market continued higher.
There is a significant resistance level at 2455 which the market declined off of back towards the open.
Historically there is a rally prior to the Labour Day long weekend.
Looks like we are doing that again this year.
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.
Target Set @ 2441.75
Target Set @ 2443.50.
Target hit we are flat.
Back to normal trading.
1st Trade
Simulation Trading S&P 500 e-Mini
Real money account Plan B has followed through.
Back to trading the Real Money Account.
Profit in the Sim account for today is $142.
Hit another Trading Milestone yesterday.
Broke through the $20,000 profit level on the Real Money Account.
Yesterday's market rallied back to close the gap down on the open, a result of an over reaction to North Korea test firing a missile over Japan.
The market decided it was not really that big of a deal.
From today's open the market continued higher.
There is a significant resistance level at 2455 which the market declined off of back towards the open.
Historically there is a rally prior to the Labour Day long weekend.
Looks like we are doing that again this year.
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
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 had another opportunity to execute Plan B with the modified Flipping technique used on the Sim account last week.
We are now holding 4 contracts short at an average price of 2422.88.
Target is set at 2441.75.
The market never came back to us yesterday.
We will continue to manage this trade with Plan B concepts.
When in Plan B take the 1st signal supporting our trade direction on any move against the trade.
1st short signal after a rally or 1st long signal after a decline.
We are now holding 4 contracts short at an average price of 2422.88.
Target is set at 2441.75.
The market never came back to us yesterday.
We will continue to manage this trade with Plan B concepts.
When in Plan B take the 1st signal supporting our trade direction on any move against the trade.
1st short signal after a rally or 1st long signal after a decline.
Target of $400 per day for this week.
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
| Short | 1st 2 DWN | 1 | 2 | 2440.75 | 2443.50 | -$270 | -$270 |
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 DWN | 1 | 3 | 2443.25 | 2441.50 | 2443.50 | -$15 | -$285 |
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 DWN | 1 | 4 | 2446.75 | 2442.88 | 2443.50 | $160 | -$125 |
Plan B - Add to Short Position @ 30/08/17
Time
|
Signal Type
|
#Contracts Added
|
# Total Contracts
|
Entry Price
|
Average Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 2:19 | 1st 2 DWN | 1 | 5 | 2451.25 | 2444.55 | 2443.50 | $385 | $260 |
Target hit we are flat.
Back to normal trading.
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 8:00 | Short | Cont-S | 1 | 2443.00 | 2445.25 | -$120 | $140 |
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
|
8:17
| Long | 1st 2 UP | 1 | 3 | 2445.25 | 2446.25 | $140 | $280 |
No follow through to the Long side.
Flip trade would take more than 5 contracts.
Revert to Plan B.
No further action required.
Market reversed and hit Long Target.
We are flat, back to normal trading.
1st TradeNo further action required.
Market reversed and hit Long Target.
We are flat, back to normal trading.
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 8:40 | Long | Cons-BO | 1 | 2446.75 | 2447.75 | $45 | $325 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 9:13 | Long | HI'r-LO's | 1 | 2448.00 | 2449.00 | $45 | $370 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 9:47 | Long | Cont-L | 1 | 2450.25 | 2451.25 | $45 | $415 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 9:50 | Long | Cont-L | 1 | 2450.75 | 2450.25 | -$30 | $385 |
No follow through to the Long side, Flip Trade Short
1 Contract to Cover
Flip Trade - First Entry @ 30/08/17
No follow through to the Short side.
Adjusted Target to 2451.50
Closed the day holding 3 contract short at an average price of 2452.58.
Target set @ 2451.50
Profit in the Real account for today is $385, just a little shy of our $400 target.
2 Contracts for Recovery
Flip Trade - First Entry @ 30/08/17
Time
|
Trade Direction
|
Signal Type
|
#Contracts Cover
|
#Contracts Recovery
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 10:24 | Short | 1st 2 DWN | 1 | 2 | 2450.25 |
Flip trade would take more than 5 contracts.
Revert to Plan B.
Plan B - Add to Short Position @ 30/08/17
Time
|
Signal Type
|
#Contracts Added
|
# Total Contracts
|
Entry Price
|
Average Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 13:45 | Short | 1st DWN of RES | 1 | 3 | 2452.58 |
Closed the day holding 3 contract short at an average price of 2452.58.
Target set @ 2451.50
Profit in the Real account for today is $385, just a little shy of our $400 target.
Simulation Trading S&P 500 e-Mini
Working Plan B on the Real account, so will trade in the Sim Account.
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
|
3:08
| Short | 1st 2 DWN | 1 | 2450.75 | 2449.75 | $47 | $47 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
4:06
| Short | Cont-S | 1 | 2449.25 | 2448.25 | $48 | $95 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
6:21
| Short | LO'r-HI's | 1 | 2447.50 | 2446.50 | $47 | $142 |
Real money account Plan B has followed through.
Back to trading the Real Money Account.
Profit in the Sim account for today is $142.
Daily Summary & Charts (Real Account)
A good day with lots of movement and volatility.
To bad we got stuck on a Plan B trade so early in the day.
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