LIVE real money S&P500 daily mechanical trading

[ordinaryguy76]

Hello there, I don't have any TP. My backtesting showed that TP would reduce overall profitability when hit ratio is around 50%.
Looking over an extended period of time, S&P makes bigger moves than 150 pips 9pm - 9pm and I'm trying to catch the whole move. The most important bit is to be on the right side of such a move.
There are days when I'm thinking that I should have moved my SL or closed trade while in profit. Also, there are days when I'm thinking I should just observe direction between 9 pm and 2.30 pm and then enter at 2.30 pm in the opposite way.
For now, though, I'm trying to give it a go as it is, i.e. open / close 9 pm, SL 150 pips, no TP.
I am sure that someone more experienced would know if/when to close the trade during the day, but I am usually busy at work !

 

[ordinaryguy76]

Trade update.
Profit realised overnight: +£1.00. Opening price amended automatically to 1312.5.
Account balance: £615.41 (financing was -£0.17)

Trade currently showing -£7.80.

 

[ordinaryguy76]

Right, I'm +£11.80 now. Age old question: should I move my SL or not ?

I think I'll do it if it gets to +£20.

Oh, crap, whatever, moved SL to 1312.5 (+5 pips).

 

[ordinaryguy76]

wow, quite a move today. I keep redrawing Finbonacci retracements each time we hit another high. 50% points to 1315 now, so there's hoping it won't get lower than this.

 

[ordinaryguy76]

SL moved to 1317.0 (+50 pips)

 

[ordinaryguy76]

9 pm trade looks like DOWN, unless something really unexpected happens

 

[ordinaryguy76]

If I had a TP, I would be out by now with +£30.00 (+150 pips).
I have to leave my trade open to maximise return, though.

 

[ordinaryguy76]

SL moved to 1322.0 (+100 pips)

 

[ordinaryguy76]

I don't like 6 pm hourly bar. As it's just 1 hour to go, I moved my SL to 1326.0 (+140 pips). I believe that if S&P breaks 7 pm bar down, it won't go back up. 9 pm trade still DOWN.

 

[ordinaryguy76]

SL has just been hit.

Totals for the day:
buy @ 1312.0, closed (SL triggered) @ 1326.0. Profit: +£28.00 (+140 pips).

11 winners, 10 losers to date.

Account balance showing: £642.41

In theory, I should increase my stake to £2.20, but I will leave £2.00 until I get over £650 balance.

 

[ordinaryguy76]

New trade:

Sell £2.0 S&P500 @ 1324.6, SL 1339.6

Open P/L: -£0.80

 

[ordinaryguy76]

Trade update.
Loss realised overnight: -£5.60. Opening price amended automatically to 1327.4.
Account balance: £636.69 (financing was -£0.13)

Trade currently showing -£2.80.

 

[ordinaryguy76]

£4.80 in profit now. 9 pm trade will be DOWN, so I'll just leave this one open.

 

[ordinaryguy76]

Totals for the day:
sell @ 1324.6, not closed @ 1326.3. Loss: -£3.40 (-17 pips).

11 winners, 11 losers to date.

Account balance showing: £636.69

Current trade:

Sell continued £2.0 S&P500 @ 1326.3, SL adjusted to 1341.3

Open P/L: +£0.40

 

[ordinaryguy76]

Trade update.
Profit realised overnight: +£3.60. Opening price amended automatically to 1325.6.
Account balance: £640.16 (financing was -£0.13)

Trade currently showing -£0.80.

 

[ordinaryguy76]

What a move @ NFP. Unfortunately, I am on the wrong side...

 

[ordinaryguy76]

just came back from lunch and, strangely enough, I'm still in the game. S&P was just 3 pips shy of my SL. I wonder which way it will go now.

 

[ordinaryguy76]

now, tell me it's not one big manipulation ? a few employment numbers and markets jump like some crazy horsies. Are we out of the crisis / recession etc. ?

 

[ordinaryguy76]

SL triggered. That's the second time this week - bad.

Totals for the day:
sell continued @ 1326.3, closed (SL triggered) @ 1341.3. Loss: -£30.00 (-150 pips).

11 winners, 12 losers to date.

Account balance showing: £608.76

9 pm trade will be DOWN.

 

[ordinaryguy76]

New trade:

Sell £2.0 S&P500 @ 1345.4, SL 1360.4

Open P/L: -£0.20