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Thursday, October 25, 2012

20121025-2

FDAX
Open:
Long 2 @ 7216.0. Gold Rush, the order got filled 1 tick above the high which also was the entry of the last trade. 10 points/20 ticks stop loss, 10 points/20 ticks and 25 points/50 ticks target.

Close:
1st: Sell 1 @ 7226.0. First target hit 1m into the trade, 2 ticks heat. Stop loss moved to the entry price. 
It retraced down after hitting the first target, 3 ticks from being stopped out, then pushed higher to 7234. I moved stop loss to +10 points/20 ticks because I didn't want to lose money for the day, 2 ticks from being stopped out. 
2nd: Sell 1 @ 7236.0. It then had another push higher but was stalling a little bit around 7236 which was a minor 50% retracement, didn't wait for it to hit my target which was a few points from a major 38% retracement and closed the trade. Really wanted to take profits considering the loss from the last trade, normally I would've trailed it up. It ultimately went to as high as 7259.

2 contracts €750 gross, €740 net.
For the day €250 gross, €230 net.


20121025-1

FDAX
Open:
Long 2 @ 7215.5. Gold Rush, buying a new high by 1 tick, first time doing it on the DAX. The rules for DAX are: must be up or down 20 points, 10 points/20 ticks stop loss, targets 10 points/20 ticks and 25 points/50 ticks. 

Close:
Sell 2 @ 7205.5. Stopped out in 2 minutes, top tick fill. Already put an order to try one more time. The 60m chart looks like a bottom, just needs to break out to the upside.

2 contracts -€500 gross, -€510 net.