September 13th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit / Sim Trade Profit $0
Opening Comments
Yesterday was another ugly day for us as the market moved another 10 points higher, making new historic highs and putting our short positions further in the red.
I did not make any changes to our positions yesterday.
Only 2 days left to roll over to the December contract.
From the open the market has been drifting lower.
This is the first time in a couple days that we have seen any movement lower after the open.
We need a good pull back to help us get better positioned to roll into December.
A little rally off the overnight low at the European open did not amount to much.
The UN passed the resolution on North Korean sanctions, which was immediately blown off by Trump. This may put some uncertainty back into the markets.
Sideways at the overnight lows coming into the regular hours open.
Closing Comments
From the regular hours open the market drifted back into yesterdays high and closed about where it opened.
Call it an inside day with an up close.
Volatility was lower than normal and much lower than the past couple of weeks.
Did not make any adjustments to our positions.
A pullback about now would be nice.
Real Money Trading S&P 500 e-Mini
We are now holding 11 contracts short, 4 in the September contract and 7 in the December contract.
Only today and tomorrow left to roll the remaining 4 September contracts into December.
Will need to make a decision on this soon.
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
Plan B - Add to Short Position @ 05/09/17 - Sept Contract
Plan B - Add to Short Position @ 06/09/17 - Sept Contract
Adjusted Target to 2453.75
Plan B - Add to Short Position @ 06/09/17 - Sept Contract
Adjusted Target to 2455.75
Adjusted Target to 2453.75
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.
Yesterday was another ugly day for us as the market moved another 10 points higher, making new historic highs and putting our short positions further in the red.
I did not make any changes to our positions yesterday.
Only 2 days left to roll over to the December contract.
From the open the market has been drifting lower.
This is the first time in a couple days that we have seen any movement lower after the open.
We need a good pull back to help us get better positioned to roll into December.
A little rally off the overnight low at the European open did not amount to much.
The UN passed the resolution on North Korean sanctions, which was immediately blown off by Trump. This may put some uncertainty back into the markets.
Sideways at the overnight lows coming into the regular hours open.
Closing Comments
From the regular hours open the market drifted back into yesterdays high and closed about where it opened.
Call it an inside day with an up close.
Volatility was lower than normal and much lower than the past couple of weeks.
Did not make any adjustments to our positions.
A pullback about now would be nice.
Real Money Trading S&P 500 e-Mini
We are now holding 11 contracts short, 4 in the September contract and 7 in the December contract.
Only today and tomorrow left to roll the remaining 4 September contracts into December.
Will need to make a decision on this soon.
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
|
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 DWN | 1 | 2 | 2453.25 | 2450.75 |
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 DWN | 1 | 3 | 2455.00 | 2452.17 |
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 DWN | 1 | 4 | 2463.00 | 2454.88 |
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 RES | 1 | 5 | 2464.75 | 2456.85 |
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 RES | 6 | 11 | 2473.25 | 2465.80 |
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 DWN | 1 | 12 | 2479.75 | 2466.96 |
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
|
Comments
Post a Comment