August 4th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $0, Sim Trade Profit $887

I was traveling on Business on Wednesday and did not have an opportunity to do any trading.
Thursday's activities were limited as I was working on other business as well.

Opening Comments

Not much of any significant happened on Wednesday and Thursday.
The market was mostly sideways with a slight downward bias.
The market has been unable to break higher and the tops are falling.
But, the market has not been able to break lower either and the bottoms are rising.

No clear sign of direction.

The market sold off into the Thursday close then rallied on the Friday open.
Volume is average and volatility is low.

We are short 8 contracts with an average price of 2440.00.
Our target is held over from early last week at 2419.25.

Profit Target for this week is $350 per day, once we close out the current open position.

Based on cycle and inter-market analysis that we follow, we are expecting a market correction in the near term, before the end of July.
This has not happened, but we are still expecting a correction in August.

Real Money Trading S&P 500 e-Mini

Short 8 contracts at an average price of 2440.00.

Continue to monitor.

Friday's activities were mixed, we have been like this for a few days now, trading in a range just below the historic highs.

The prognosis for the market is to have a correction in the near term, August is generally a choppy month which could accelerate a sell off if something breaks.

The market failed to make any sustained movement higher over the past couple of weeks and was beaten back on Friday's attempt to break higher.

The rubber band is winding up, which ever way it breaks the move could be substantial.

Simulation Trading LW Best TDOM  Bonds

We are long 1 @ 153 22/32 from 02/08/17
Stop @ 151 17/32
1st exit day is 04/08/17
Sold 1 @ 04/08/17 @ 155 3/16 for a profit of  $1,500.

Next TDOM entry day is 04/08/17
Place order to buy 1 @ 155 4/32
Stop @ 153 16/32
1st exit day is 08/08/17

The Bonds sold off today and we ended the day with our position negative about $1,000.
The sell off came with a failed attempt to break a resistance level, a short term sign of weakness.
Activity in Bonds seem to be either preceding or tracking with the S&P, we will see next week if this tendency continues.

Simulation Trading S&P 500 e-Mini
Flip Trade Rule (Modified 27/07/17)
When Flipping trades we flip immediately to 5 contracts.
This will apply to apply to all trades that do not follow through.

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
Consolidation Trades
Consolidation Break Out – Long
Cons-BO
Consolidation Break Down – Short
Cons-BD
W Trades
W Bottom – Long
W-BTM
W Top – Short
W-TOP
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

Thursday Trades

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:17
Short
1st DWN off Res
1
2470.50
2469.50
$48
$48




1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:34
Short
Cons-BD
1
2469.50
2468.50
$47
$95





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
11:17
Short
LO'r-HI's
1
2468.75
2469.88
-$58
$37





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

 Did not get filled on all 5 Recovery contracts.
Only got filled on 1.

Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
11:23
Long
1st UP off Sup
1
1
2469.88
2471.00
$53
$90

1st Trade


Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
11:29
Long
1st 2 UP
1
2470.50
2471.50
$48
$138

Profit for Thursday is $138.

 Fridays Trades
1st Trade


Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
2:24
Long
1st 2 UP
1
2472.00
2473.00
$47
$47

1st Trade


Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
3:01
Long
Cont-L
1
2472.75
2473.75
$48
$95

1st Trade


Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
6:46
Long
Cons-BO
1
2475.00
2474.25
-$40
$55
I messed this trade up.
Did not put my order in to cover at the target and ended up being forced to Flip the trade for a loss.

 Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
8:32
Short
LO'r-HI's
1
5
2474.25
2473.25
$238
$293

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
8:58
Short
Cont-S
1
2473.25
2472.25
$47
$341





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:03
Short
Cons-BD
1
2471.25
2470.00
$60
$401





1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:09
Short
Cont-S
1
2469.75
2472.00
-$115
$286





No follow through to the Short side, Flip Trade.
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
9:19
Long
1st 2 UP
1
5
2472.00
2473.00
$238
$524
1st Trade


Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:26
Long
Cons-BO
1
2473.25
2474.25
$48
$572

1st Trade


Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:28
Long
Cont-L
1
2474.25
2475.25
$47
$619

1st Trade


Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
9:51
Short
1st 2 DWN
1
2471.75
2473.00
-$65
$554
No follow through to the Short side, Flip Trade.
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
10:07
Long
1st 2 UP
1
5
2473.00
2474.00
$238
$792
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
10:37
Short
1st 2 DWN
1
2473.00
2472.00
$47
$839
1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
11:36
Short
LO'r-HI's
1
2472.50
2471.50
$48
$887
Calling it a day, getting close to the end of the day.
Profit for today is $887.
The Flipping Technique worked OK today.

Daily Summary & Charts































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