Results of Published Model Trades for TUE 08/06
Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month.
(please click here to view the Summary of the Market Action Today)
THE GIST:
Medium-Frequency Models: Lead to +2.20 index points in gains on four longs.
Aggressive, Intraday Models: Lead to +13.70 index points in gains on six longs and one short.
THE DETAILS:
NOTE: The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade any instrument that tracks the index – the futures on the index (ES, ES-mini), the options on the futures (ES options), the SPX options, the ETF SPY are just a few examples of the instruments one can adapt these plans to.
The trades given below are not reflective of or indicative of any specific outcomes for any specific individual – your exact results would vary widely, depending on the time frame you use – tick chart, 1-min chart, 5-min chart, 15-min chart etc, as well as the quality of the execution of your broker, the stop levels you use based on your risk tolerance and your trading style.
These plans and results are hypothetical and NOT an investment advice to buy or sell any specific securities but are intended to aid – as informational, educational, and research tools – in arriving at your own investment/trading decisions. Please read the full disclosures at the bottom of this article for additional notes and disclaimers..
Medium-Frequency Models – Trading Plan Outcomes/Results:
The index broke above the 2865 level at the session open, triggering a long with a 9-point trailing stop. The index registered interim high of 2873.6 within the next few minutes, taking the trailing stop to 2864.6 which was hit at 9:50am for a loss of 0.4 index point.
The index again broke above the 2865 level at 10:00am, triggering another long position (#2) with a 9-point trailing stop. The long rode to the interim high of 2871.7 reached within the next couple of minutes, lifting the trailing stop to 2862.7. This stop was hit around 10:15am, closing the long with a loss of 2.3 index points.
The index again broke above the 2865 level at 10:40am, triggering another long position (#3) with a 9-point trailing stop. The long rode to the interim high of 2868.9, lifting the trailing stop to 2859.9. This stop was hit around 11:00am, closing the long with a loss of 5.1 index points.
The index once again broke above the 2865 level at 1:25pm, triggering another long position (#4) with a 9-point trailing stop. The long rode to the interim high of 2880 reached around 2:30pm, lifting the trailing stop to 2875. This stop was hit at 3:00pm, closing the long with a profit of 10 index points.
Thus, our medium frequency models’ trades lead to a gain of 2.20 index points (-0.4 -2.3 -5.1 +10) on four trades.
Note: For the trades to trigger, the breaks should occur during the regular session hours starting at 9:30am ET. By design, these models do NOT open any new positions after 3:45pm. Only one open position at any given time.
Aggressive Intraday Models – Trading Plan Outcomes/Results:
The index broke above the 2865 level within the first five minutes, triggering a long position with an 8-point trailing stop. The index registered an interim high of 2873.6 in the next couple of minutes, lifting the trailing stop to 2865.6. The stop was hit around 9.45am, closing the long with a gain of 0.6 index points.
The index triggered another long (#2) on breaking above 2865 immediately and rode to interim high of 2871.7, lifting the trailing stop to 2863.7. This stop was hit around 10:10am, closing the long with a loss of 1.3 index points.
The index then broke above the 2855 level at 10:20am, triggering another long (#3) with an 8-point trailing stop. The long rode to the interim high of 2868.9, lifting the trailing stop to 2860.9. The long was closed around 10:50am with a gain for 5.9 index points.
The index briefly broke below the 2848 (to 2847.8) level around 11:20am, triggering a short position with a 7-point trailing stop. The trailing stop was anchored at 2854.8, which was hit around 11:25am, closing the short with a loss of 6.8 index points.
The models simultaneously triggered another long position (#4) on briefly breaking above 2855 level and then broke below it on registering an interim high of 2856.7, lifting the trailing stop to 2848.7. This stop was hit around 11:40am, closing the long with a loss of 6.3 index points.
The index once again broke above the 2855 level at 11:50am, triggering another long (#5) with an 8-point trailing stop. The long rode to the interim high of 2863.6, lifting the trailing stop to 2855.6. The long was closed around 12:21pm with a gain of 0.6 index points while simultaneously triggering another long position (#6) on breaking above 2855 level.
The long rode to the interim high of 2884 reached around 2:35pm, lifting the trailing stop to 2876. This stop was hit around 3:00pm, closing the long with a gain of 21 index points.
Thus, the aggressive intraday models’ trades lead to a gain of +13.7 (0.6 -1.3 +5.9 -6.8 -6.3 +0.6 +21) index points on seven trades.
Note: For the trades to trigger, the breaks should occur during regular session hours starting at 9:30am ET. Due to the intraday nature of these aggressive models, they indicate closing any open trades at 3:55pm and remaining flat into the session close. No opening of new positions after 3:45pm. Only one open position at any given time.
NOTE: Remember that a “trailing stop” works differently from the traditional stop-loss order. Please bear in mind that the trailing stop’s trigger level would keep changing throughout the session (click here to read on the conceptual workings of a trailing-stop).
IMPORTANT RISK DISCLOSURES AND NOTICES – READ CAREFULLY:
(i) This article contains personal opinions of the author and is NOT representative of any organization(s) he may be affiliated with. This article is solely intended for informational and educational purposes only. It is NOT any specific advice or recommendation or solicitation to purchase or sell or cause any transaction in any specific investment instruments at any specific price levels, but it is a generic analysis of the instruments mentioned.
(ii) Do NOT make your financial investment or trading decisions based on this article; anyone doing so shall do so solely at their own risk. The author will NOT be responsible for any losses or loss of potential gains arising from any investments/trades made based on the opinions, forecasts or other information contained in this article.
(iii) Risk Warning: Investing, trading in S&P 500 Index – spot, futures, or options or in any other synthetic form – or its component stocks carries inherent risk of loss. Trading in leveraged instruments such as futures carries much higher risk of significant losses and you may lose more than you invested in them. Carefully consider your individual financial situation and investment objectives before investing in any financial instruments. If you are not a professional trader, consult a professional investment advisor before making your investment decisions.
(iv) Past performance: This article may contain references to past performance of hypothetical trades or past forecasts, which should NOT be taken as any representation or promise or guarantee of potential future profits. Past performance is not indicative of future performance.
(v) The author makes no representations whatsoever and assumes no responsibility as to the suitability, accuracy, completeness or validity of the information or the forecasts provided.
(vi) All opinions expressed herein are subject to change at any time, without any notice to anyone.