6J
Open:
Short 2 @ 11980. 30m TC18, strong trend, 20 ticks to 60m TC18, no add-in, would be risking $1200-$1500, opted for hard stop loss and re-entry. Targets are 10 ticks and 30 ticks or trail.
Close:
1st: Cover 1 @ 11970. First target hit, 4 ticks heat. May add in 2 contracts at 60m 18EMA.
2nd: Cover 1 @ 11985. It got to 16 ticks above the entry and 5 ticks from the add-in price, I then moved the target to the entry price, it came back to 1 tick from it and reversed, I decided to exit the trade. Didn't take the 60m TC18 trade, would've been stopped out on that.
2 contracts $62.50 gross, $48.02 net.
Thursday, December 13, 2012
20121213-1
ES
Open:
Short 2 @ 1429.00. Swing Analysis, Shooting Star in resistance zone after a decent uptrend. Trying to take advantage of it with a limit order 2 ticks below 60m 18EMA, got filled, 6 points/24 ticks stop loss at 5 ticks above 61.8% retracement, total risk $600, targets are 5 and 10 points.
Close:
1st: Cover 1 @ 1426.00. It was sitting at the lows, decided to move my first target from 5 points to 3 points, 1 point heat. It reached the original target about 30m later. Moved the stop loss to the entry price, may be too tight, we'll see.
2nd: Cover 1 @ 1429.00. It went up to 1431.50 after news, stopped me out, it tested that level again and started trending down and reached my 10 points target. The stop loss was too tight.
2 contracts $150 gross, $139.36 net.
Open:
Short 2 @ 1429.00. Swing Analysis, Shooting Star in resistance zone after a decent uptrend. Trying to take advantage of it with a limit order 2 ticks below 60m 18EMA, got filled, 6 points/24 ticks stop loss at 5 ticks above 61.8% retracement, total risk $600, targets are 5 and 10 points.
Close:
1st: Cover 1 @ 1426.00. It was sitting at the lows, decided to move my first target from 5 points to 3 points, 1 point heat. It reached the original target about 30m later. Moved the stop loss to the entry price, may be too tight, we'll see.
2nd: Cover 1 @ 1429.00. It went up to 1431.50 after news, stopped me out, it tested that level again and started trending down and reached my 10 points target. The stop loss was too tight.
2 contracts $150 gross, $139.36 net.
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