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Tuesday, October 9, 2012

20121009-2

GC
Open:
Long 2 @ 1766.8. Volume Spike, the price went up a few ticks after the close of the signal bar, put an order at the close price, got filled.

Close:
1st: Sell 1 @ 1768.8. First target hit, it turned out to be a swing high, the price went through the order by 1 tick, 4 ticks heat. Stop loss moved to the entry price.
2nd: Sell 1 @ 1766.3. Stopped out, 5 ticks slippage. Good decision to move the stop loss to the entry price, reinforces the strategy.

There was another Volume Spike signal, and the price was between the daily 18 and 20 EMA, didn't take the trade on the futures, was not quite willing to take more risks, did buy the CFD to build up a position inside the daily squeeze. 

2 contracts $150 gross, $136.12 net.
For the day -$290 gross, -$317.76 net.



20121009-1

GC
Open:
Long 2 @ 1769.5. Volume Spike, 2 volume spikes back to back, didn't get in on the first one, would've gotten stopped out on that one to the tick, got in on the second spike, limit order 2 ticks below the close, 15 ticks stop loss at 10 ticks below the low.


Close:
Sell 2 @ 1767.3. Stopped out, the order was at 1768.0, 7 ticks slippage. 3 ticks from the first 20 ticks target.

2 contracts -$440 gross, -$453.88 net.