Wednesday May 2, 2018 blackFLAG© Futures Trading System

All Charts Include The Levels Below!


The blackFLAG© FTS SIGNALS DICTATE THE MOVE,  not my interpretation of support /resistance levels.  The chart lines provide guidance but movement is dictated by price action which is reflected by the signals.  I may be expecting a bounce but if price action decides to back test or to turn over and fail, one must follow the alerts.  As a day trader, I must be detached from a pre-determined analysis.  Follow the alerts.  

Strategy Will Be Updated After Market Opens

S&P 500

  • 9:04 AM


  • 9:04 AM


  • 9:04 AM
Standard & Poor's 500 Daily Charts


  • Took a long position initially and moved stop immediately to break even.  The spike stopped and came back down.  Out at break even.  Then
  • /ES .  Shorted it after lunch with a nice profit into the close. 
2 Oil Futures 300 px 2017-11-24_18-22-51


  • 6:06 AM
    • /CL Rejected level $67.75 and turned negative at the moment.
  • 7:50 AM 
    • Neutral
  • 7:57 AM
    • Oil is coming down to strong support.  The weekly inventory report comes out today at 10:30 AM. 
    • It is possible that it may send Oil in either direction. 
  • 8:00 AM 
    • Long Oil $67.44 Stop 67.29
  • 10:30 AM 
    • Long Oil with a break even stop almost immediately.  Stopped out 20 minutes later.  
  • Ended up the with a $0.30 Cent profit on Oil.  It was too volatile to properly trade it.   
FREE Trading Alerts for Gold Futures /GC Precious Metals


  • 6:00 AM
    • /GC  Is now against two levels of resistance $1312 and $1313.  If broken up, then I must change to Buy The Dips Mode. But for now, it continues to hold for the 3rd time.  Sometimes, the 4th time is the charm and break up.
  • 7:15 AM 
    • Shorted Gold 1310.50 with $300 stop.  1st. Target $1308.1
  • 7:43 AM
    • Adjusted Stop to $1311.2
  • 7:52 AM
    • Adjusted Stop to $1310.6 
  • 7:54 AM
    • Closed Gold.  It refuses to move down at the moment. Get out. + 3 ticks.  
    • Will possibly short it once this bounce is over.
  • 8:03
    • Shorted Gold again.  Signals Triggered once more.  $1310  Stop $1311.20 Target Daily Pivot at $1308.1
    • Stopped out -$90.00  It missed by Target by 4 ticks.
    • Gold back Up 10 Ticks.  No more attempts today.  My original short was correct.  I was not patient today... 

Today, I had to go to the Miami Airport at 4:00 AM.  I was able to review charts early.  As I was seating here, I entered a couple of trades without much follow thru.  Timing is the issue.  I usually will trade only after market opens.  Very active day to trade.  I did well with Oil, neutral with Gold (closed the short too early) and did well with S & P in the afternoon. 

  • Volatility was high in all instruments making it very difficult to update on positions entered / managed / exits.