LIVE real money S&P500 daily mechanical trading

[ordinaryguy76]

Open trade showing currently -£7.48, so the day as a whole is slightly positive. 9 pm trade will probably be UP, but it can still change.

 

[ordinaryguy76]

oh my, oh my, what a jump after 8 pm !

Surprisingly, new trade is still DOWN... so I'll just leave the current one open, adjusting SL and opposite trade:

Price at 9pm (basis for SL and opposite trade): 1292.5.

Account movements since yesterday:
3 x financing -£0.13
profit realised overnight £10.56
Account balance showing as £629.52.

Current trades / orders:

Sell £2.2 S&P500 @ 1287.0, SL 1307.5 (showing -£13.64 at the moment)
Buy order £2.2 S&P500 @ 1308.5, SL 1293.5

3 winners, 4 losers up to now. Not very good, I have to say (below my target of 50%), but I'm trying my best !

 

[ordinaryguy76]

Update on my trade: -£9.90 loss realised @ 1am and trade opening price automatically adjusted to 1291.5. Currently showing additional loss of -£1.98.

Getting bored, but that's the way it is if you trade just once per day.

 

[ordinaryguy76]

bit late, but there you go: 9pm trade will be DOWN, so I'll just leave my trade open.

 

[ordinaryguy76]

Price at 9pm (basis for SL and opposite trade): 1295.6.

Account movements since yesterday:
1 x financing -£0.13
profit realised overnight -£9.90
Account balance showing as £619.49.

Current trades / orders:

Sell £2.2 S&P500 @ 1291.5, SL 1310.6 (showing -£11.22 at the moment)
Buy order £2.2 S&P500 @ 1311.6, SL 1296.6

3 winners, 5 losers to date.

 

[ordinaryguy76]

Morning update: -£12.10 loss realised @ 1am and trade opening price automatically adjusted to 1297.0. Currently showing additional loss of -£4.18.

Account balance shows £607.25.
If the balance falls under £600, I will reduce stake back to £2.00.

Need to think at what time I should close my trade on Monday, as trading hours will probably be limited somehow (no message from finspreads yet).

 

[ordinaryguy76]

good profit now, don't want to waste it completely.
SL moved to 1295.0 (around b/e), opposite trade cancelled.

 

[ordinaryguy76]

9 pm trade looks like UP at the moment - I'm 70-80% sure. Can be wishful thinking ?

 

[ordinaryguy76]

very tempted to close this trade now, but I will just move SL to 1289.0. There is only 3 hours left and I can't see it going up that strongly.... I hope

 

[ordinaryguy76]

ok, my SL was hit, I hope that S&P will not drop much now - it would be a waste.
Trade closed for +£17.60

Account balance: £624.85

I'm still thinking that 9 pm trade will be UP.

 

[ordinaryguy76]

Opened a new trade @ 9 pm:

Buy £2.2 S&P500 @ 1291.1, SL 1276.1

Now, this trade is a bit riskier than usual because of 16/01/2012 holiday and within my system this trade needs to last until Tuesday 9 pm, but I've decided to give it a go.
No opposite trade for the time being - will see on Monday whether SL was hit etc.

Week 2: 3 winners, 2 losers.
4 winners, 5 losers to date.

Have a nice weekend everyone !

 

[ordinaryguy76]

Note no 1: opposite trades are NOT the absolute requirement, but they tend to reduce losses.

Note no 2: stop losses are NOT the absolute requirement either, but they DO reduce losses.

 

[ordinaryguy76]

Finspreads realised £7.26 profit from my trade today and amended opening price to 1294.4. Currently showing -£2.20.

 

[ordinaryguy76]

trade showing around -£6 at the mo (i.e. practically b/e taking into account profit realised over weekend)

Sometimes I catch myself looking at the chart, fretting about price movement against me, frantically looking for support / resistance, pivots, daily / weekly highs, lows etc. only to realise 5 minutes later that all of these things DO NOT MATTER at all for this system. They won't make me change my stop loss or open or close any trade.
All of the following are set upfront: direction, stake, stop loss size, time of entry / exit. The only unknown is the entry price, but I just take what's available at 9 pm.

Boring ? Yes !
Relaxed ? Absolutely !

 

[ordinaryguy76]

Pretty flat day, my trade shows a bit of a profit.
I've added the opposite trade now:
Sell order £2.2 S&P500 @ 1275.1 SL 1290.1

 

[ordinaryguy76]

as stated before, trade still open, will try to keep until tomorrow 9 pm. Currently showing +£3.74 (that's on top of the £7.26).

Being hit with financing charges in the meantime (3 x £0.18).

Account balance: £631.57

 

[ordinaryguy76]

Trade update.
Profit realised overnight: £8.14. Opening price amended automatically to 1298.1.
Account balance: £639.53

Trade currently showing +£12.98.

 

[ordinaryguy76]

SL changed to 1292.1 (+10 pips from original 1291.1 trade). Opposite trade now cancelled.
This is definitely another winner now.

 

[deebee1]

nice trading

 

[ordinaryguy76]

well, it's hardly convincing yet.

I can barely believe what happened today... S&P went down from 1307 to 1291. What a waste of pips !
Anyway, my trade was stopped out exactly @ 1292.1 for -£13.20.

Account balance: £626.33

9 pm trade looks like UP.