September 14th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit / Sim Trade Profit $0
Opening Comments
Not much movement in the market yesterday, an inside day with an up close.
Could not break resistance at the 2494 level.
Volume was strong and without price movement can indicate distribution, supply equals demand.
If demand starts to dry up then price will decline.
Still looking for an opportunity to roll the last 4 September positions into the December contract.
Would like to see a pullback before I do that.
The market declined again on the open and has continued to edge lower overnight until about an hour before the regular hours open
I did not make any changes to our positions yesterday.
Deadline is tomorrow for rolling into the December contract.
Closing Comments
From the regular hours open the market drifted back into yesterdays high and closed about where it opened.
Volatility was lower than normal and much lower than the past couple of weeks.
Did not make any adjustments to our positions.
Real Money Trading S&P 500 e-Mini
We are Still holding 11 contracts short, 4 in the September contract and 7 in the December contract.
Tomorrow is the last day to roll remaining 4 September contracts into December.
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.
Not much movement in the market yesterday, an inside day with an up close.
Could not break resistance at the 2494 level.
Volume was strong and without price movement can indicate distribution, supply equals demand.
If demand starts to dry up then price will decline.
Still looking for an opportunity to roll the last 4 September positions into the December contract.
Would like to see a pullback before I do that.
The market declined again on the open and has continued to edge lower overnight until about an hour before the regular hours open
I did not make any changes to our positions yesterday.
Deadline is tomorrow for rolling into the December contract.
Closing Comments
From the regular hours open the market drifted back into yesterdays high and closed about where it opened.
Volatility was lower than normal and much lower than the past couple of weeks.
Did not make any adjustments to our positions.
Real Money Trading S&P 500 e-Mini
We are Still holding 11 contracts short, 4 in the September contract and 7 in the December contract.
Tomorrow is the last day to roll remaining 4 September contracts into December.
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
|
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