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Tuesday, October 30, 2012

20121030-1

GC
Open:
1st: Long 1 @ 1710.9. Modified Gold Rush, it went up past the up 3 mark, I didn't do a traditional Gold Rush, entered at a retracement 11 ticks below the high, gold was up 2.2 at the point of entry. Was somewhat eager to make back the losses from yesterday, a bit of a revenge trade, betting on gold would go up after a few days of consolidation above 1700. Put another order out 1 tick above the high to do a traditional Gold Rush. 30 ticks stop loss. 
2nd: Long 1 @ 1712.1. The order got filled, 30 ticks stop loss, 20 ticks target. 4 ticks above the entry, there was a 100 lot order, but the price was stilling pushing higher, didn't change the target. 

Close:
1st: Sell 1 @ 1708.9. Stopped out, 2 ticks slippage. It didn't push through the large order and failed, got stopped out in the midst of reactions to the BOJ news. Moved the target of the remaining contract to the break-even point 20 ticks above the second entry. The stop loss is unchanged, now at 4 ticks below the low.
2nd: Sell 1 @ 1712.9. 23 ticks heat, it went up to 1713 and I moved up my stop loss to -5 ticks from the first entry, 5 ticks from being stopped out, then it pushed up again to 1713 and stalled, large orders above, I decided to close out the trade. It had a little pull back and then moved up 20+ ticks shortly after that. Didn't do the Gold Rush on that one.

2 contracts -$120 gross, -$133.88 net.