6E
Open:
Long 2 @ 1.2427. 5m Squeeze LoM inside of a 60m Squeeze. 15 ticks stop loss, 6 ticks below swing low, first target 10 ticks.
Close:
Moved stop loss to 20 ticks which is the usual distance.
Sell 2 @ 1.2407. Stopped out, max 5 ticks in the money.
Tighter stop loss on a 5m trade based on the swing high/low, 60m trades wider stop losses x2 ATR with smaller size.
2 contracts -$500 gross, -$516.48 net.
For the day -$850 gross, -$906.24 net.
Tuesday, August 7, 2012
20120807-3
Labels:
5m,
5m squeeze LoM,
60m,
60m squeeze,
6E,
LoM,
loss,
note,
squeeze,
squeeze LoM,
stop loss
20120807-2
GC
Open:
Long 2 @ 1617.5. 5m Squeeze LoM inside of a 60m Squeeze and a 15m Squeeze. 20 ticks stop loss, 5 ticks below swing low, 15 ticks first target.
Close:
1st: Sell 1 @ 1619.0. First target hit, 13 ticks heat, 2 ticks from the swing low and 7 ticks from stop loss.
2nd: Sell 1 @ 1617.50. Stopped out.
2 contracts $150 gross, $130.12 net.
Open:
Long 2 @ 1617.5. 5m Squeeze LoM inside of a 60m Squeeze and a 15m Squeeze. 20 ticks stop loss, 5 ticks below swing low, 15 ticks first target.
Close:
1st: Sell 1 @ 1619.0. First target hit, 13 ticks heat, 2 ticks from the swing low and 7 ticks from stop loss.
2nd: Sell 1 @ 1617.50. Stopped out.
2 contracts $150 gross, $130.12 net.
Labels:
5m,
5m squeeze LoM,
60m,
60m squeeze,
GC,
LoM,
profit,
squeeze,
squeeze LoM
20120807-1
GC
Open:
Long 2 @ 1617.5. 5m Squeeze inside of a 60m Squeeze. First target 15 ticks.
Close:
Sell 2 @ 1615.0. Stopped out. Unlucky, stopped out by 3 ticks, and then it took off, didn't take the loss of momentum trade which would've worked.
2 contracts -$500 gross, -$519.88 net.
Open:
Long 2 @ 1617.5. 5m Squeeze inside of a 60m Squeeze. First target 15 ticks.
Close:
Sell 2 @ 1615.0. Stopped out. Unlucky, stopped out by 3 ticks, and then it took off, didn't take the loss of momentum trade which would've worked.
2 contracts -$500 gross, -$519.88 net.
Labels:
5m,
5m squeeze,
60m,
60m squeeze,
GC,
loss,
squeeze,
stop loss
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