Pages

Friday, November 30, 2012

20121130-1

ES
Open:
Short 2 @ 1416.75. 60m Rubber Band trade, the trend past two weeks is up, this is a break-out out of consolidation at the highs that failed and bonds are rallying . 3 point stop loss, 1 ticks above the high, targets are 2 points at the mean and 4 points at the -L1. 

Close:
1st: Cover 1 @ 1414.75. First target hit, 1 tick heat.
2nd: Cover 1 @ 1414.75. Closed out the trade 10m before the open. It then hit the -L1 target 1 tick above the original target at the open, but not sure if I could've gotten a fill, it was a bottom tick. It retraced to 3 ticks below entry and hit the original -L1 target again this time with a certain fill. 

2 contracts $200 gross, $189.36 net.