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Tuesday, November 13, 2012

20121113-2

GC
Open:
Short 2 @ 1724.4. 50% Ambush trade, 20 ticks stop loss (4 ticks above 62% retracement), 15 and 30 ticks target.

Close:
1st: Cover 1 @ 1723.4. First Ambush trade, wasn't sure if it would give me 15 ticks, and it was stalling a little bit around 10 ticks, decided to take profits. It reached 15 ticks the next minute, 2 ticks heat.
2nd: Cover 1 @ 1724.5. Decided to move the stop loss to break-even after the push down failed. 1 tick slippage, it got to max +25 ticks. Good call. 

2 contracts $90 gross, $76.12 net.
For the day $110 gross, $82.24 net.

20121113-1

GC
Open:
Short 2 @ 1720.4. Gold Rush, order was at 1721.1, 7 ticks slippage. 

Close:
1st: Cover 1 @ 1719.5. The entry bar had a 3000 volume spike, decided to take off 1, limit order got filled, bottom tick, lucky there, but could've gotten 20 ticks if I took 11 ticks heat and waited longer. Stop loss moved to where it would've been without the slippage, if the price moves down far enough, I'll bring the stop loss to break-even. 
2nd: Cover 1 @ 1721.1. A push down failed to break the low and bounced, decided to move the stop loss to where the entry would've been without the slippage and try to do a ambush trade instead if it gets there. The distance was 35 ticks from the supposed entry to the low, I figured this would be enough space to move the stop loss to break-even. Good call.

2 contracts $20 gross, $6.12 net.