Open:
Long 2 @ 1722.7. 15m Squeeze, Gold was up 8, the uptrend looked good and was in a 15m Squeeze, had been watching it for 15 minutes trying to figured out whether to take the trade or not. Finally decided to enter when 5m entered a Squeeze and the momentum was rising. Put an limit order and got filled. The plan is to take off 1 contract fairly quickly and then put the stop loss behind the 60m 35EMA and let it run.
Close:
1st: Sell 1 @ 1723.2. 1 tick heat, could've had 10 ticks, but didn't want to wait and take the risk. Stop loss moved to 6 ticks behind 60m 35EMA, or 50 ticks from entry, total risk is now $450. The target is at +50 ticks from entry. Also put out a Gold Rush order 26 ticks above the entry of this trade.
Gold Rush trade got filled.
2nd: Sell 1 @ 1727.7. 50 ticks target hit.
2 contracts $550 gross, $536.12 net.
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