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Monday, October 22, 2012

20121022-1

GC
Open:
Short 2 @ 1718.7. Gold Rush, gold just opened for 15m and already down 5, placed an order 1 tick below the low, got filled, no slippage. 20 and 50 ticks target, 30 ticks stop loss.

Close:
1st: Cover 1 @ 1716.7. First 20 ticks target hit, no heat. 
It then had a whoosh down with 700+ volume, put an order at the bid to close out the trade 10 ticks above the 50 ticks target, but didn't get a fill and it moved up, decided to move my second target down by 20 ticks, it's where the target would've been with another gold rush trade. 
2nd: Cover 1 @ 1715.6. It's at the edge of the "rubber band", and in the area where I put an order to close the trade, but didn't get filled, decided to take profits rather than risking being stopped out on the second contract. Turned out to be a very good decision. 

2 contracts $510 gross, $496.12 net.