September 11th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Loss -$1,750 / Sim Trade Profit $0

Opening Comments

 The market gapped up on the open and continued higher overnight.
This was a bit unexpected, but now we have to deal with it.

 If we need to add contracts to the Plan B trade we will do it in the December contract.

 Normally we see the market close these kind of gaps and revert back toward the open over the course of the overnight trading.

 Nothing of interest happened at the European open around 2:30
Closing Comments

 The market continued higher through the day and tested the historic high levels.

 I tried swapping out contracts to move into the December contract, but just dug myself a deeper hole.

 Ended the day holding 11 contracts short at an average price of 2466.96.

 Need to rethink how I am going to roll into the December contract.

Real Money Trading S&P 500 e-Mini

 We start the week holding over a Plan B trade from last week.
5 contracts short @ an average price of 2456.86.
Target is set at 2453.75
This position is held in the September contract which expires on the 15th.
Therefore, we will either close it for a profit or roll it into December before the expiration date.

 Since the market gapped up and we will probably need to add contracts to Plan B, we will start rolling out of the September contract as we add December contracts.
1st Trade -  Plan B 1st Entry @ 05/09/17 - Sept Contract
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
12:32
Short
Cont-S
1
2448.25
2483.25
-$1750
-$1750
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 @ 05/09/17 - Sept Contract
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
13:15
1st 2 DWN122453.252450.75

 Plan B - Add to Short Position @ 05/09/17 - Sept Contract
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
13:41
1st 2 DWN132455.002452.17

 Plan B - Add to Short Position @ 06/09/17 - Sept Contract
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
8:34
1st 2 DWN142463.002454.88
Adjusted Target to 2453.75

Plan B - Add to Short Position @ 06/09/17 - Sept Contract
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
12:57
1st DWN off RES152464.752456.85
Adjusted Target to 2455.75
Adjusted Target to 2453.75
Plan B - Add to Short Position @ 11/90/17 - Dec Contract
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
6:23
1st DWN off RES6112473.252465.80
Plan B - Add to Short Position @ 11/90/17 - Dec Contract


Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
9:37
1st 2 DWN1122479.752466.96

 Simulation Trading S&P 500 e-Mini

Did not trade the Sim account today.
Daily Summary & Charts (SIM Account)



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.

The Flipping and Recovery Strategy in the Sim account is slightly different than the Real Account.
In the Sim account we will test taking every opposing signal until we reach a maximum of 10 contracts.
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

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