September 5th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $1,520 / Sim Trade Profit $557
Opening Comments @ 2:30
The market rallied off the gap down yesterday on light volume, without any real conviction and apparent uncertainty due to the Holiday weekend in the USA.
All major US markets were closed for the day.
The news is focused on the North Korea/USA conflict.
The real reaction will be seen on the open today.
Yesterday's cooling off period may take the energy out of any move.
Movement this morning has hovered around the open looking very noncommittal at this stage.
The European open was pretty much flat.
Our near term prognosis for September and into October is for the market to continue lower and set up for a rally sometime in October that will last into the end of the year.
Real Money Trading S&P 500 e-Mini
Adjusted Target to 2459.50
Based on the gap lower on Monday's open and the weekend news regarding North Korea and the USA I moved the target down to 2458.00
1st Trade
No follow through to the Long side, Flip Trade Short
Simulation Trading S&P 500 e-Mini
Will trade the Sim Account while in Plan B on the Real Money Account.
1st Trade
Target hit in Real account.
Trading Real account.
Ended the day with a profit of $557 in the Sim account
Daily Summary & Charts (SIM Account)
A very active market today with volume well over 2 million contracts.
Very good trading opportunities throughout the day in both Real Money and Sim accounts.
Flipping & Recovery Strategy (Modified 21/08/17)
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.
The market rallied off the gap down yesterday on light volume, without any real conviction and apparent uncertainty due to the Holiday weekend in the USA.
All major US markets were closed for the day.
The news is focused on the North Korea/USA conflict.
The real reaction will be seen on the open today.
Yesterday's cooling off period may take the energy out of any move.
Movement this morning has hovered around the open looking very noncommittal at this stage.
The European open was pretty much flat.
Our near term prognosis for September and into October is for the market to continue lower and set up for a rally sometime in October that will last into the end of the year.
Real Money Trading S&P 500 e-Mini
We are in a Plan B situation holding 8 contracts short at an average price of 2460.84
Target is set at 2458.00
We watched the markets yesterday, but did not take any actions other than moving the target lower.
Based on the weekend news and the gap lower on the open I moved the target down to 2458.00.
Will adjust further as or when required.
Target of $400 per day for this week.
Target is set at 2458.00
We watched the markets yesterday, but did not take any actions other than moving the target lower.
Based on the weekend news and the gap lower on the open I moved the target down to 2458.00.
Will adjust further as or when required.
Target of $400 per day for this week.
Flip Trade - Plan B 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 | 2458.00 | -$780 | -$780 |
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 @ 30/08/17
Time
|
Signal Type
|
#Contracts Added
|
# Total Contracts
|
Entry Price
|
Average Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 13:45 | 1st DWN off RES | 1 | 3 | 2457.25 | 2452.58 | 2458.00 | -$40 | -$820 |
Adjusted Target to 2451.50
Plan B - Add to Short Position @ 31/08/17
Time
|
Signal Type
|
#Contracts Added
|
# Total Contracts
|
Entry Price
|
Average Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 2:44 | 1st DWN off RES | 1 | 4 | 2457.50 | 2453.81 | 2458.00 | -$30 | -$890 |
Adjusted Target to 2452.50
Plan B - Add to Short Position @ 31/08/17
Time
|
Signal Type
|
#Contracts Added
|
# Total Contracts
|
Entry Price
|
Average Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 5:35 | 1st 2 DWN | 1 | 5 | 2460.50 | 2455.15 | 2458.00 | $120 | -$770 |
Adjusted Target to 2454.00
Plan B - Add to Short Position @ 31/08/17
Time
|
Signal Type
|
#Contracts Added
|
# Total Contracts
|
Entry Price
|
Average Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 9:30 | 1st 2 DWN | 1 | 6 | 2468.25 | 2457.33 | 2458.00 | $510 | -$260 |
Adjusted Target to 2456.00
Plan B - Add to Short Position @ 31/08/17
Time
|
Signal Type
|
#Contracts Added
|
# Total Contracts
|
Entry Price
|
Average Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
| 13:10 | 1st DWN off RES | 1 | 7 | 2467.50 | 2458.79 | 2458.00 | $470 | $210 |
Adjusted Target to 2457.00
Plan B - Add to Short Position @ 01/09/17
Time
|
Signal Type
|
#Contracts Added
|
# Total Contracts
|
Entry Price
|
Average Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:22
| 1st DWN off RES | 1 | 8 | 2476.00 | 2460.84 | 2458.00 | $895 | $1105 |
Based on the gap lower on Monday's open and the weekend news regarding North Korea and the USA I moved the target down to 2458.00
Will continue to monitor and adjust as the market unfolds
The market declined into the target, we are out.
Back to normal trading
The market declined into the target, we are out.
Back to normal trading
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
11:07
|
Short
|
Cont-S
|
1
|
2457.50
|
2456.50
|
$45
|
$1150
|
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
11:08
|
Short
|
Cont-S
|
1
|
2456.75
|
2455.75
|
$45
|
$1195
|
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
11:09
|
Short
|
Cont-S
|
1
|
2455.25
|
2454.25
|
$45
|
$1240
|
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
11:14
|
Short
|
LO'r-HI's
|
1
|
2454.25
|
2453.25
|
$45
|
$1285
|
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
11:30
|
Short
|
Cont-S
|
1
|
2452.75
|
2451.75
|
$45
|
$1330
|
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
11:38
|
Long
|
1st 2 UP
|
1
|
2452.00
|
2449.75
|
-$120
|
$1210
|
1 Contract to Cover
4 Contracts for Recovery
Flip Trade - Plan B First Entry
No follow through to the Short side.
Flip trade would take more than 5 contracts.
Revert to Plan B.
Market reversed, Short target hit, no further action required.
1st Trade
1st Trade
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
4 Contracts for Recovery
Flip Trade - Plan B First Entry
Time
|
Trade Direction
|
Signal Type
|
#Contracts Cover
|
#Contracts Recovery
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
11:49
| Short | 1st 2 DWN | 1 | 4 | 2449.75 | 2448.75 | $175 | $1385 |
Flip trade would take more than 5 contracts.
Revert to Plan B.
Market reversed, Short target hit, no further action required.
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
12:04
|
Short
|
Cons-BD
|
1
|
2446.75
|
2445.75
|
$45
|
$1430
|
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
12:18
|
Long
|
1st 2 UP
|
1
|
2448.00
|
2449.00
|
$45
|
$1475
|
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
12:30
|
Short
|
1st 2 DWN
|
1
|
2450.25
|
2449.25
|
$45
|
$1520
|
1st Trade - Plan B @ 05/09/17
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
12:32
|
Short
|
Cont-S
|
1
|
2448.25
|
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
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
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 |
Closed the day holding 3 contracts short at an average price of 2452.17.
Target set at 2451.00
Net on the position at the close of the day is negative $1,175
Closed the day with a profit of $1,520 in the Real Money account.
Target set at 2451.00
Net on the position at the close of the day is negative $1,175
Closed the day with a profit of $1,520 in the Real Money account.
Simulation Trading S&P 500 e-Mini
Will trade the Sim Account while in Plan B on the Real Money Account.
1st Trade
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
5:23
|
Short
|
1st 2 DWN
|
1
|
2466.75
|
2465.75
|
$47
|
$47
|
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
5:35
|
Short
|
Cont-S
|
1
|
2465.75
|
2469.00
|
-$128
|
-$81
|
No follow through to the Short side, Flip Trade Long
1 Contract to Cover
4 Contracts for Recovery
Flip Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts Cover
|
#Contracts Recovery
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
6:31
| Long | 1st 2 UP | 1 | 4 | 2469.00 | 2470.00 | $194 | $113 |
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
7:57
|
Short
|
1st DWN off RES
|
1
|
2468.00
|
2470.25
|
-$118
|
-$5
|
No follow through to the Short side, Flip Trade Long
1st Trade
1st Trade
Stopped Sim Trading to manage Real Money Plan B trade as the market came down.
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
|
8:31
| Long | 1st 2 UP | 1 | 3 | 2470.25 | 2471.25 | $146 | $141 |
1st Trade
1 Contract to Cover
3 Contracts for Recovery
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:33
|
Long
|
Cont-L
|
1
|
2470.50
|
2469.00
|
-$75
|
$66
|
No follow through to the Long side, Flip Trade Short
Flip Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts Cover
|
#Contracts Recovery
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:34
| Short | 1st 2 DWN | 1 | 3 | 2469.00 | 2468.00 | $140 | $206 |
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:39
|
Short
|
Cont-S
|
1
|
2468.00
|
2467.00
|
$48
|
$254
|
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:40
|
Short
|
Cont-S
|
1
|
2466.50
|
2465.50
|
$48
|
$302
|
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:47
|
Long
|
1st UP of SUP
|
1
|
2467.75
|
2468.75
|
$47
|
$349
|
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
8:56
|
Long
|
Cons-BO
|
1
|
2469.00
|
2470.00
|
$48
|
$397
|
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:00
|
Long
|
Cont-L
|
1
|
2470.00
|
2468.25
|
-$94
|
$303
|
No follow through to the Long side, Flip Trade Short
1 Contract to Cover
3 Contracts for Recovery
No follow through to the Short side.
Flip trade would take more than 5 contracts.
Revert to Plan B.
Plan B Out.
Resume normal trading.
1st Trade
Flip Trade - Plan B First Entry
Time
|
Trade Direction
|
Signal Type
|
#Contracts Cover
|
#Contracts Recovery
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:03
| Short | 1st DWN off RES | 1 | 3 | 2468.25 | 2467.50 | $109 | $412 |
Flip trade would take more than 5 contracts.
Revert to Plan B.
Plan B - Add to Short Position
Time
|
Signal Type
|
#Contracts Added
|
# Total Contracts
|
Entry Price
|
Average Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:21
| 1st DWN off RES | 1 | 4 | 2469.50 | 2468.56 | 2467.50 | $98 | $510 |
Resume normal trading.
1st Trade
Time
|
Trade Direction
|
Signal Type
|
#Contracts
|
Entry Price
|
Exit Price
|
Trade Profit
|
Day Profit
|
9:30
|
Short
|
Cont-S
|
1
|
2466.75
|
$47
|
2465.75
|
$557
|
Trading Real account.
Ended the day with a profit of $557 in the Sim account
Daily Summary & Charts (SIM Account)
A very active market today with volume well over 2 million contracts.
Very good trading opportunities throughout the day in both Real Money and Sim accounts.
Flipping & Recovery Strategy (Modified 21/08/17)
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