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Wednesday, October 24, 2012

20121024-1

GC
Open:
Long 2 @ 1713.0. Gold Rush, it's up 3.6, 3am CEST, got filled without slippage. Quite a risky trade, the daily trend is down and this is just after a big down day, and later today is FOMC, the orderbook doesn't look good either, may take profits quickly or take off 1 with a scratch. 

Close:
1st: Sell 1 @ 1713.0. It went up 7 ticks and then turned back, put an order at break-even and got filled, 7 ticks heat. Target moved to 25 ticks, 10 ticks below the current 60m 35EMA which is moving down, and 7 ticks above the daily pivot, may move it higher if I'm watching and the price gets close and close the trade on a volume spike. 
2nd: Sell 1 @ 1713.0. It went up 22 ticks, 3 ticks short of my target, moved up the stop loss to break-even and target to +30 ticks. Stopped out. 

2 contracts $0 gross, -$13.88 net.



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