Open:
Long 2 @ 151.02. This trade is based on the analysis that the indices are gonna go down and bonds are gonna go up. Looked at different ways to trade it and found this was the most convenient way with tolerable risk. The plan is to take off 1 contract with 1 tick profit and let the other one run, I did though put an order to take profits at 61.8% retracement 14 ticks above entry. The stop loss is 12 ticks at 2 ticks below 50% retracement and shouldn't be hit is my analysis is right. Total risk if failed to take off 1 contract is $750.
Close:
1st: Sell 1 @ 151.03. First target hit, 1 tick heat. Moved down the stop loss by 1 tick, the risk is now $375.
2nd: Sell 1 @ 151.16. 5 ticks heat from entry. Target hit, was thinking about taking profits 2 ticks below the target because it already hit my target without a fill, but stuck to my guns.
2 contracts $468.75 gross, $458.43 net.
