September 8th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $0 / Sim Trade Profit $0

Opening Comments

 The market closed at the 2468 resistance level then dropped overnight into support at 2460 resuming Thursdays range bound activity.

 A break lower wold be a good sign for our Short position.

 We are coming into the end of this contract period.
If we do not close out this trade today on a profit target we need to consider rolling into the December contract.
Last Trading Day for the September contact is 15/09/17.

Closing Comments

 Another sideways day trading in the same range for the 3rd day.
Made a lower high, closed lower, tested the range lows, but could not break lower.

Still holding our short position.

Real Money Trading S&P 500 e-Mini

 Started the day holding 5 contracts short with an average price of 2456.86
We did not add any contracts yesterday.

1st Trade -  Plan B 1st Entry @ 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 DWN122453.252450.75



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 DWN132455.002452.17



Plan B - Add to Short Position @ 06/09/17
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
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

 No activity in the Real account today.
Ended the day in the same position as when we started.
Simulation Trading S&P 500 e-Mini

Never Traded the Sim account today
Daily Summary & Charts (SIM Account)

 Another choppy day stuck in a trading range between 2468 and 2458.
Did not trade either the Sim or Real accounts today.





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

Popular posts from this blog

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 ...
Read more

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. ...
Read more