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Friday, December 28, 2012

20121228-1

ES
Open:
Long 2 @ 1403.50. Voodoo Line Support, Snow Line Support. It penetrated the line with a couple of accumulation bars/Hammer bars, looks like the line is gonna hold and price go higher, also a Gap trade. Stop loss 4.5 points at 1 point below the low, targets are 3 points at 1 tick below half gap fill, and 7 points at full gap fill.

Close:
1st: Sell 1 @ 1406.50. First target hit, 3 points heat, .50 point above the low.
2nd: Sell 1 @ 1410.50. Second target hit, a good top.

2 contracts $500 gross, $489.36 net.