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Tuesday, May 8, 2012

20120508-2

6A
Open:
1st: Short 1 @ 1.0105. 15m TC18, ready to add in 3 contracts at 30m TC18 11 ticks above. Initially had 3 contracts at 15m TC18, but didn't like the way it came up and the short distance, good call.
2nd: Short 3 @ 1.0116. 30m TC18. 10 ticks stop. Targets 3 at 10 ticks from addin, 1 at 15 ticks from addin, 4 ticks from first entry or trail.

Close:
1st: Cover 1 @ 1.0112. +1 tick from addin. It was quite slow, decided to take off 1 to reduce some risk.  
2nd: Cover 3 @ 1.0106. Target hit. 23 ticks in total, no heat. Probably should've left 1 contract at +10 from first entry or trail. It went down to +20 from first entry.

If low heat, always leave 1 contract to trail. 

4 contracts $230 ex fees, $197.04 net. 

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