ZB
Sub-account
Open:
Long 1 @ 143'06. 50% Ambush, I left the order since last night and it happened to be the 50% retracement of the up move. Stop loss is 21 ticks at 2 ticks below yesterday's low, target is at around 38.2% retracement at 144'00 to 144'06.
Close:
Sell 1 @
Thursday, January 31, 2013
20130131-6
GC
Sub-account
Open:
Long 1 @ 1672.7. After a news release, it jumped up and pulled right back to the low, put a limit order when it broke the downtrend, 17 ticks stop loss at 4 ticks below the low, open target.
Close:
Sell 1 @ 1670.5. Stopped out, 5 ticks slippage, had at most 9 ticks.
1 contract -$220 gross, -$226.94 net.
Sub-account
Open:
Long 1 @ 1672.7. After a news release, it jumped up and pulled right back to the low, put a limit order when it broke the downtrend, 17 ticks stop loss at 4 ticks below the low, open target.
Close:
Sell 1 @ 1670.5. Stopped out, 5 ticks slippage, had at most 9 ticks.
1 contract -$220 gross, -$226.94 net.
20130131-5
6E
Sub-account
Open:
Long 1 @ 1.3556. 60m VC Doji, 15 ticks stop loss at 4 ticks below the low, 19 ticks target at the previous high.
Close:
Sell 1 @ 1.3567. It looked like it failed to break out of the 1.3570 resistance on a 15m chart, decided to close the trade. 8 ticks heat.
1 contract $137.5 gross, $130.26 net.
Sub-account
Open:
Long 1 @ 1.3556. 60m VC Doji, 15 ticks stop loss at 4 ticks below the low, 19 ticks target at the previous high.
Close:
Sell 1 @ 1.3567. It looked like it failed to break out of the 1.3570 resistance on a 15m chart, decided to close the trade. 8 ticks heat.
1 contract $137.5 gross, $130.26 net.
20130131-4
6E
Open:
Long 2 @ 1.3551. 60m TC35, 5m Hammer, stop losses are 6 ticks at 2 ticks below the low of the Hammer, and 10 ticks. 10 ticks and 20 ticks or open target.
Close:
1st: Sell 1 @ 1.3545. Half stop loss.
2nd: Sell 1 @ 1.3561. Target hit, 6 ticks heat. Got bottom tick stopped out on the first contract, unfortunate, the entry was a little off and the stop loss was probably too tight.
2 contracts $50 gross, $35.52 net.
Open:
Long 2 @ 1.3551. 60m TC35, 5m Hammer, stop losses are 6 ticks at 2 ticks below the low of the Hammer, and 10 ticks. 10 ticks and 20 ticks or open target.
Close:
1st: Sell 1 @ 1.3545. Half stop loss.
2nd: Sell 1 @ 1.3561. Target hit, 6 ticks heat. Got bottom tick stopped out on the first contract, unfortunate, the entry was a little off and the stop loss was probably too tight.
2 contracts $50 gross, $35.52 net.
20130131-2&3
GC
Open:
Long 2 @ 1676.1. Support at 1676 and 15m Hammer, 10 ticks stop loss at 5 ticks below the low, 15 and 30 ticks targets.
Close:
Sell 2 @ 1675.0. Stopped out, 1 tick slippage.
2 contracts -$220 gross, -$233.88 net.
2nd Try:
Open:
Long 2 @ 1676.0. It stopped me out and made another 15m Hammer, decided to try again. Stop losses are 11 ticks at 1 tick below the low and 15 ticks at 5 ticks below the low. 15 ticks and 30 ticks or open target.
Close:
It formed a 1m H&S pattern, raised half stop loss to -5 ticks at 3 ticks below the right shoulder.
It broke the neckline, raised first target to +20 ticks at the projected 15 ticks target of the pattern.
1st: Sell 1 @ 1675.5. Half stop loss, it went to as high as +12 ticks.
It formed what looked like a H&S pattern, although not yet complete, I decided to raised the stop loss to 2 ticks below the right shoulder at 1675.5 and raised the target to 1679 at the projected target of the pattern.
2nd: Sell 1 @ 1675.5.
2 contracts -$100 gross, -$113.88 net.
For the trade, -$320 gross, -$337.76 net.
Open:
Long 2 @ 1676.1. Support at 1676 and 15m Hammer, 10 ticks stop loss at 5 ticks below the low, 15 and 30 ticks targets.
Close:
Sell 2 @ 1675.0. Stopped out, 1 tick slippage.
2 contracts -$220 gross, -$233.88 net.
2nd Try:
Open:
Long 2 @ 1676.0. It stopped me out and made another 15m Hammer, decided to try again. Stop losses are 11 ticks at 1 tick below the low and 15 ticks at 5 ticks below the low. 15 ticks and 30 ticks or open target.
Close:
It formed a 1m H&S pattern, raised half stop loss to -5 ticks at 3 ticks below the right shoulder.
It broke the neckline, raised first target to +20 ticks at the projected 15 ticks target of the pattern.
1st: Sell 1 @ 1675.5. Half stop loss, it went to as high as +12 ticks.
It formed what looked like a H&S pattern, although not yet complete, I decided to raised the stop loss to 2 ticks below the right shoulder at 1675.5 and raised the target to 1679 at the projected target of the pattern.
2nd: Sell 1 @ 1675.5.
2 contracts -$100 gross, -$113.88 net.
For the trade, -$320 gross, -$337.76 net.
20130131-1
ZN
Open:
Long 2 @ 131'9.0. Daily VC Doji, at weekly support, the action after the FOMC meeting suggests it could go higher, 24 ticks/'12.0 stop loss at 2 ticks/'1.0 below the low of the day, 28 ticks/'14.0 target at 50% retracement of the last leg down.
Close:
1st: Sell 1 @ 131'17.0. Put an order to take half profits at 38.2% retracement, got filled after news release. 1 tick / '0.5 heat.
2nd: Sell 1 @ 131'9.0. It broke the entry price, put a limit order to get out, got filled.
2 contracts $250 gross, $239.68 net.
Open:
Long 2 @ 131'9.0. Daily VC Doji, at weekly support, the action after the FOMC meeting suggests it could go higher, 24 ticks/'12.0 stop loss at 2 ticks/'1.0 below the low of the day, 28 ticks/'14.0 target at 50% retracement of the last leg down.
Close:
1st: Sell 1 @ 131'17.0. Put an order to take half profits at 38.2% retracement, got filled after news release. 1 tick / '0.5 heat.
2nd: Sell 1 @ 131'9.0. It broke the entry price, put a limit order to get out, got filled.
2 contracts $250 gross, $239.68 net.
Wednesday, January 30, 2013
20130130-1
GC
Open:
Long 1 @ 1684.0
Long 1 @ 1684.1. Market order. Gold Rush after FOMC meeting, gold is already up $20, 15 and 30 ticks targets, 30 ticks stop loss.
Close:
Sell 2 @ 1681.0. Stopped out.
2 contracts -$610 gross, -$623.88 net.
Open:
Long 1 @ 1684.0
Long 1 @ 1684.1. Market order. Gold Rush after FOMC meeting, gold is already up $20, 15 and 30 ticks targets, 30 ticks stop loss.
Close:
Sell 2 @ 1681.0. Stopped out.
2 contracts -$610 gross, -$623.88 net.
Monday, January 28, 2013
20130128-1
GC
Sub-account
Open:
Long 1 @ 1653.3. It has hit the downward daily trendline a couple of times and has also reached the daily 61.8% retracement. It had two minor breaks of the low, both time bounced up, looks like it could be a bottom. I waited for it to come down a little further so that I didn't have to risk too much, it did just that with a 1m 600 volume spike. 33 ticks stop loss at 10 ticks below the low. Open target, I'm looking for at least the 50% retracement of the last leg down at 1661 or the 50% retracement of the whole move down at 1774.
Close:
Raised stop loss to -20 ticks at 6 ticks below the higher low when it got to the previous high at +60 ticks from entry.
Raised stop loss to break-even after it broke the 1659.5 high.
20130129
Sell 1 @ 1662.3. It was struggling to reach the previous high, and with FOMC meeting tomorrow and contract roll-over, I decided to cash in. 14 ticks heat.
1 contract $900 gross, $893.06 net.
Sub-account
Open:
Long 1 @ 1653.3. It has hit the downward daily trendline a couple of times and has also reached the daily 61.8% retracement. It had two minor breaks of the low, both time bounced up, looks like it could be a bottom. I waited for it to come down a little further so that I didn't have to risk too much, it did just that with a 1m 600 volume spike. 33 ticks stop loss at 10 ticks below the low. Open target, I'm looking for at least the 50% retracement of the last leg down at 1661 or the 50% retracement of the whole move down at 1774.
Close:
Raised stop loss to -20 ticks at 6 ticks below the higher low when it got to the previous high at +60 ticks from entry.
Raised stop loss to break-even after it broke the 1659.5 high.
20130129
Sell 1 @ 1662.3. It was struggling to reach the previous high, and with FOMC meeting tomorrow and contract roll-over, I decided to cash in. 14 ticks heat.
1 contract $900 gross, $893.06 net.
Friday, January 25, 2013
20130125-1&2
GC
Open:
Long 2 @ 1656.8. Bottom Fishing, it coming down and retesting the daily trendline and had multiple 5m hammers with slightly lower lows, looks like it's struggling, not a lot of downside momentum. 20 ticks stop loss, 10 ticks and 60 ticks target at minor 50% retracement.
Close:
1st: Sell 1 @ 1657.8. First target hit, 18 ticks heat, 2 ticks from stop loss.
Raised stop loss to 1657.0, locking in 12 ticks for the trade.
2nd: Sell 1 @ 1661.6. It formed a 5m shooting star after a violent push up, decided to take profits and let the trade in the sub-account to run.
2 contracts $580 gross, $566.12 net.
Pyramid add-in in sub-account
Open:
Long 1 @ 1658.4. It broke the right side downward trendline of what looks like a diamond/H&S reversal pattern to the uppside, 19 ticks stop loss at 2 ticks below the low of the right shoulder, open target for now, may hold it overnight.
Close:
It broke out in a decisive way, raised both stop losses to 1657.0.
Sell 1 @ 1658.5. It came back down through my entry price, put a limit order to exit with 1 tick profit, didn't really want to lose money on this thrade.
1 contracts $10 gross, $3.06 net.
For the trade $590 gross, $569.22 net.
Open:
Long 2 @ 1656.8. Bottom Fishing, it coming down and retesting the daily trendline and had multiple 5m hammers with slightly lower lows, looks like it's struggling, not a lot of downside momentum. 20 ticks stop loss, 10 ticks and 60 ticks target at minor 50% retracement.
Close:
1st: Sell 1 @ 1657.8. First target hit, 18 ticks heat, 2 ticks from stop loss.
Raised stop loss to 1657.0, locking in 12 ticks for the trade.
2nd: Sell 1 @ 1661.6. It formed a 5m shooting star after a violent push up, decided to take profits and let the trade in the sub-account to run.
2 contracts $580 gross, $566.12 net.
Pyramid add-in in sub-account
Open:
Long 1 @ 1658.4. It broke the right side downward trendline of what looks like a diamond/H&S reversal pattern to the uppside, 19 ticks stop loss at 2 ticks below the low of the right shoulder, open target for now, may hold it overnight.
Close:
It broke out in a decisive way, raised both stop losses to 1657.0.
Sell 1 @ 1658.5. It came back down through my entry price, put a limit order to exit with 1 tick profit, didn't really want to lose money on this thrade.
1 contracts $10 gross, $3.06 net.
For the trade $590 gross, $569.22 net.
Thursday, January 24, 2013
20130124-2
6A
Open:
Long 2 @ 1.0430. 60m VC Doji, Bottom Fishing, 5 ticks half stop loss at 2 ticks below the low of the signal bar and 10 ticks full stop loss at 1 ticks below the low of the day. Initial targets are 10 and 20 ticks, a lot of resistance above, hard to set targets as right now.
Close:
1st: Sell 1 @ 1.0425. Half stop loss, had at the most 3 ticks.
2nd: Sell 1 @ 1.0419. Full stop loss, 1 tick slippage.
2 contracts -$160 gross, -$174.48 net.
Open:
Long 2 @ 1.0430. 60m VC Doji, Bottom Fishing, 5 ticks half stop loss at 2 ticks below the low of the signal bar and 10 ticks full stop loss at 1 ticks below the low of the day. Initial targets are 10 and 20 ticks, a lot of resistance above, hard to set targets as right now.
Close:
1st: Sell 1 @ 1.0425. Half stop loss, had at the most 3 ticks.
2nd: Sell 1 @ 1.0419. Full stop loss, 1 tick slippage.
2 contracts -$160 gross, -$174.48 net.
20130124-1
6J
Open:
Short 2 @ 1.1290. Break of the neckline of a 15m HnS pattern. 20 ticks stop loss at 3 ticks above the high of the right shoulder, targets are 15 ticks at a few ticks above the projected target of the pattern and 89 ticks at 1.1201 which is support. Also a daily shooting star with the trend, been looking for entries to go short.
Close:
1st: Cover 1 @ 1.1275. First target hit, 2 ticks heat.
2nd: Cover 1 @ 1.1205. Second target hit.
2 contracts $1250 gross, $1235.52 net.
Open:
Short 2 @ 1.1290. Break of the neckline of a 15m HnS pattern. 20 ticks stop loss at 3 ticks above the high of the right shoulder, targets are 15 ticks at a few ticks above the projected target of the pattern and 89 ticks at 1.1201 which is support. Also a daily shooting star with the trend, been looking for entries to go short.
Close:
1st: Cover 1 @ 1.1275. First target hit, 2 ticks heat.
2nd: Cover 1 @ 1.1205. Second target hit.
2 contracts $1250 gross, $1235.52 net.
Wednesday, January 23, 2013
20130123-3
6J
Open:
Long 2 @ 1.1298. 60m VC Doji, 12 ticks half stop loss at 2 ticks below the low of 30m bar, and 18 ticks at 2 ticks below the low of the 60m bar. Targets are 10 ticks and 30 ticks or open/trail.
Close:
1st: Sell 1 @ 1.1308. First target hit, 4 tick heat. Raised stop loss to +4 ticks for the trade at 2 ticks below the current 30m bar.
It got to as high as 11315, I raised the stop loss to the entry price and locking in $125 for the trade.
2nd: Sell 1 @ 1.1298. Stopped out.
2 contracts $125 gross, $110.52 net.
Open:
Long 2 @ 1.1298. 60m VC Doji, 12 ticks half stop loss at 2 ticks below the low of 30m bar, and 18 ticks at 2 ticks below the low of the 60m bar. Targets are 10 ticks and 30 ticks or open/trail.
Close:
1st: Sell 1 @ 1.1308. First target hit, 4 tick heat. Raised stop loss to +4 ticks for the trade at 2 ticks below the current 30m bar.
It got to as high as 11315, I raised the stop loss to the entry price and locking in $125 for the trade.
2nd: Sell 1 @ 1.1298. Stopped out.
2 contracts $125 gross, $110.52 net.
20130123-2
GC
Open:
Long 2 @ 1693.0. Retest of a trendline break, also the failed reversal of the diamond pattern that I traded last time. 30 ticks stop loss, may have to raise it if it the retest fails, targets are 10 ticks and 30 ticks at 1695 resistance.
Close:
1st: Sell 1 @ 1692.5. Took myself out once it fell into the trendline again and raised the stop loss to -20 ticks at 1991.0.
2nd: Sell 1 @ 1694.5. There was a lot of orders on the bid side at 1695.0, I figured it would be difficult to get my order filled and closed out the trade 5 ticks short of the original target.
2 contracts $100 gross, $86.12 net.
Open:
Long 2 @ 1693.0. Retest of a trendline break, also the failed reversal of the diamond pattern that I traded last time. 30 ticks stop loss, may have to raise it if it the retest fails, targets are 10 ticks and 30 ticks at 1695 resistance.
Close:
1st: Sell 1 @ 1692.5. Took myself out once it fell into the trendline again and raised the stop loss to -20 ticks at 1991.0.
2nd: Sell 1 @ 1694.5. There was a lot of orders on the bid side at 1695.0, I figured it would be difficult to get my order filled and closed out the trade 5 ticks short of the original target.
2 contracts $100 gross, $86.12 net.
20130123-1
GC
Open:
Short 2 @ 1691.4. 60m Diamond Reversal, 20 ticks stop loss at just above the high before the break-out, targets are 10 ticks at just above the low of the pattern, and 50-60 ticks at the projected target of the pattern also the 1685 support.
Close:
1st: Cover 1 @ 1690.4. First target hit, 1 tick heat.
2nd: Cover 1 @ 1693.4. Stopped out.
2 contracts -$100 gross, -$113.88 net.
Open:
Short 2 @ 1691.4. 60m Diamond Reversal, 20 ticks stop loss at just above the high before the break-out, targets are 10 ticks at just above the low of the pattern, and 50-60 ticks at the projected target of the pattern also the 1685 support.
Close:
1st: Cover 1 @ 1690.4. First target hit, 1 tick heat.
2nd: Cover 1 @ 1693.4. Stopped out.
2 contracts -$100 gross, -$113.88 net.
Tuesday, January 22, 2013
20130122-2
6E
Open:
Long 2 @ 1.3341. Retest of the break-out, also 3 ticks below 30m 18EMA and 6 ticks above 60m 18EMA. 15 ticks stop loss, target are 30 ticks and trail.
Close:
Sell 2 @ 1.3326. Stopped out.
2 contracts -$375 gross, -$389.48 net.
Open:
Long 2 @ 1.3341. Retest of the break-out, also 3 ticks below 30m 18EMA and 6 ticks above 60m 18EMA. 15 ticks stop loss, target are 30 ticks and trail.
Close:
Sell 2 @ 1.3326. Stopped out.
2 contracts -$375 gross, -$389.48 net.
20130122-1
6E
Sub-account
Open:
Long 1 @ 1.3341. It broke the 1.3340 resistance and turned it into support, put a limit order to buy, got filled, 15 ticks target, trying to hold it into the 1.3491 swing target.
Close:
Raised the stop loss to -10 ticks after it reached 1.3375 resistance.
Sell 1 @ 1.3331. Stopped out.
1 contract -$125 gross, -$139.48 net.
Sub-account
Open:
Long 1 @ 1.3341. It broke the 1.3340 resistance and turned it into support, put a limit order to buy, got filled, 15 ticks target, trying to hold it into the 1.3491 swing target.
Close:
Raised the stop loss to -10 ticks after it reached 1.3375 resistance.
Sell 1 @ 1.3331. Stopped out.
1 contract -$125 gross, -$139.48 net.
Monday, January 21, 2013
20130121-1
6A
Open:
Long 2 @ 1.0473. 60m H&S, it broke the 1.0470 neckline, put a limit order at that price, it traded that level but no fill, it then traded in a tight range between 1.0472 and 1.0476. Stop losses are 10 ticks at 4 ticks below 15m LDR and 20 ticks at 4 ticks above the low of the right shoulder. Targets are 15 ticks at 2 ticks below 1.0490 resistance and 25 ticks at 2 ticks below 1.0500 resistance, also the projected target of the pattern.
Close:
1st: Sell 1 @ 1.0463. Stopped out.
2nd: Sell 1 @ 1.0465. It got to as high as 1.0481 but just wasn't moving, decided to get out ahead of the early close.
2 contracts -$180 gross, -$194.48 net.
Open:
Long 2 @ 1.0473. 60m H&S, it broke the 1.0470 neckline, put a limit order at that price, it traded that level but no fill, it then traded in a tight range between 1.0472 and 1.0476. Stop losses are 10 ticks at 4 ticks below 15m LDR and 20 ticks at 4 ticks above the low of the right shoulder. Targets are 15 ticks at 2 ticks below 1.0490 resistance and 25 ticks at 2 ticks below 1.0500 resistance, also the projected target of the pattern.
Close:
1st: Sell 1 @ 1.0463. Stopped out.
2nd: Sell 1 @ 1.0465. It got to as high as 1.0481 but just wasn't moving, decided to get out ahead of the early close.
2 contracts -$180 gross, -$194.48 net.
Friday, January 18, 2013
20130118-1
6E
Open:
Long 2 @ 1.3351. It tested 1.3340 support twice and formed what looked like a double bottom on the 5m chart, this is a retest of the breakout from the double bottom. 16 ticks stop loss at 3 ticks below the low, 10 and 28 ticks target.
Close:
Moved half stop loss to 2 ticks below the swing low after it moved 7 ticks in my direction.
1st: Sell 1 @ 1.3361. First target hit, 3 ticks heat.
It came up to 2 ticks from my second target, moved stop loss to the entry price.
2nd: Sell 1 @ 1.3351. Stopped out, probably should've set the the second target 1 ticks below the high instead of 3 ticks above the high.
2 contracts $125 gross, $110.52 net.
Open:
Long 2 @ 1.3351. It tested 1.3340 support twice and formed what looked like a double bottom on the 5m chart, this is a retest of the breakout from the double bottom. 16 ticks stop loss at 3 ticks below the low, 10 and 28 ticks target.
Close:
Moved half stop loss to 2 ticks below the swing low after it moved 7 ticks in my direction.
1st: Sell 1 @ 1.3361. First target hit, 3 ticks heat.
It came up to 2 ticks from my second target, moved stop loss to the entry price.
2nd: Sell 1 @ 1.3351. Stopped out, probably should've set the the second target 1 ticks below the high instead of 3 ticks above the high.
2 contracts $125 gross, $110.52 net.
Thursday, January 17, 2013
20130117-6
ES
Sub-account
Open:
Short 1 @ 1478.00. 1 hour to the close, 60m VC Doji, against strong trend, 3 points stop loss at 2 ticks above the high, not sure about the target yet, it may be fib retracement or 60m 18EMA, may just trail the stop loss to start with, will carry it overnight if stop loss doesn't get hit.
Close:
Didn't really want to hold this overnight, because it's against strong trend, put a limit order at the Sky Line to see if it can get filled before the close.
Cover 1 @ 1475.00. Target hit, 5 ticks heat.
2 contracts $150 gross, $139.36 net.
Sub-account
Open:
Short 1 @ 1478.00. 1 hour to the close, 60m VC Doji, against strong trend, 3 points stop loss at 2 ticks above the high, not sure about the target yet, it may be fib retracement or 60m 18EMA, may just trail the stop loss to start with, will carry it overnight if stop loss doesn't get hit.
Close:
Didn't really want to hold this overnight, because it's against strong trend, put a limit order at the Sky Line to see if it can get filled before the close.
Cover 1 @ 1475.00. Target hit, 5 ticks heat.
2 contracts $150 gross, $139.36 net.
20130117-5
6E
Open:
Long 2 @ 1.3346. 30m TC18, 25 ticks stop loss at 10 ticks below 60m TC18, will add in 2 contracts at 60m TC18. 10 and 30 ticks target just below the low.
Close:
1st: Sell 1 @ 1.3356. First target hit, 7 ticks heat, stop loss moved to 1 tick below the low.
It continued higher and looks good, decided to move stop loss to the entry price.
It's not moving up as quickly as I hoped, and it got to 4 ticks from break-even stop loss, thinking about taking profits and not wait for it to hit the target.
2nd: Sell 1 @ 1.3360. I waited for a break of a 5m reversal doji to take profits.
2 contracts $300 gross, $285.52 net.
Open:
Long 2 @ 1.3346. 30m TC18, 25 ticks stop loss at 10 ticks below 60m TC18, will add in 2 contracts at 60m TC18. 10 and 30 ticks target just below the low.
Close:
1st: Sell 1 @ 1.3356. First target hit, 7 ticks heat, stop loss moved to 1 tick below the low.
It continued higher and looks good, decided to move stop loss to the entry price.
It's not moving up as quickly as I hoped, and it got to 4 ticks from break-even stop loss, thinking about taking profits and not wait for it to hit the target.
2nd: Sell 1 @ 1.3360. I waited for a break of a 5m reversal doji to take profits.
2 contracts $300 gross, $285.52 net.
20130117-2&3&4
6E
Open:
Long 2 @ 1.3300. Break-out of a major diamond pattern and a minor H&S pattern. 20 ticks stop loss at a few ticks below the low of the minor H&S pattern. Targets are 15 ticks at a swing high, also the height of the minor H&S, and 50 ticks at resistance.
Close:
1st: Sell 1 @ 1.3315. First target hit, 1 tick heat, good energy, moved the second target to +100 ticks at 1.3400.
Pyramid add-in.
2nd: Sell 1 @ 1.3280. Stopped out.
2 contracts -$62.50 gross, -$76.98 net.
Pyramid add-in in sub-account:
Open:
Long 1 @ 1.3296. It came down to the trendline, bounced a little, put a limit order in and got filled. It made a whoosh down, stopped the original trade out. I then put a 36 ticks hard stop loss at 2 ticks below the low of the pattern and a 80 ticks target at a Sky Line above, basically giving it a chance to run.
Close:
It shot straight up, I moved up the target to 1.3490 just below the Tree Line and moved stop loss to break-even. Will try to hold on to it until it reaches the swing target.
Sell 1 @ 1.3209. It broke the 1.3340 support in a significant way after two previous successful tests. Didn't raise my stop loss to below the support, tried to get out of the trade with limit orders but couldn't get filled, it then came down to very close to my stop loss, and I pretty much panicked and put a limit order very close to the market price and got out. It got down to 5 ticks from my stop loss and bounced to just below the 1.3340 level.
Lessons learned:
1. When up over $1000 or so, just take profits when it hits major resistance/support, in this case 1.3400.
2. If not, certainly raise the stop loss to a support/resistance level, in this case 1.3340, locking in at least 1/3 to 1/2 of the profits.
3. Or somewhere in between, i.e. in this case when it broke the trendline at the top and I even said to myself, this doesn't look good but didn't take any action.
1 contract $162.5 gross, $148.02 net.
Re-entry:
Open:
1st: Long 1 @ 1.3305. After the initial dip that stopped me out, it shot up again and looks like it's forming a larger symmetrical H&S reversal pattern. Missed a couple of entry points didn't want to miss out again, put a single contract order quite high and another one 6 ticks below at 5m support.
2nd: Long 1 @ 1.3299. Second contract filled, the average is 1.3302. Stop loss is 27 ticks below the average at 1 tick below the last swing low. Targets are 18 ticks at 1.3320 resistance and 38 ticks at 1.3340 resistance.
Close:
1st: Sell 1 @ 1.3317. It had a whoosh up, didn't want to be a jerk for a tick, dropped down the order by 3 ticks, 17 ticks heat from the average.
It shot straight up, I moved up the target to 1.3377 just below the Sky Line and moved stop loss to break-even.
2nd: Sell 1 @ 1.3377. Target hit.
2 contracts $1125 gross, $1110.52 net.
For the trade $1225 gross, $1181.56 net.
Open:
Long 2 @ 1.3300. Break-out of a major diamond pattern and a minor H&S pattern. 20 ticks stop loss at a few ticks below the low of the minor H&S pattern. Targets are 15 ticks at a swing high, also the height of the minor H&S, and 50 ticks at resistance.
Close:
1st: Sell 1 @ 1.3315. First target hit, 1 tick heat, good energy, moved the second target to +100 ticks at 1.3400.
Pyramid add-in.
2nd: Sell 1 @ 1.3280. Stopped out.
2 contracts -$62.50 gross, -$76.98 net.
Pyramid add-in in sub-account:
Open:
Long 1 @ 1.3296. It came down to the trendline, bounced a little, put a limit order in and got filled. It made a whoosh down, stopped the original trade out. I then put a 36 ticks hard stop loss at 2 ticks below the low of the pattern and a 80 ticks target at a Sky Line above, basically giving it a chance to run.
Close:
It shot straight up, I moved up the target to 1.3490 just below the Tree Line and moved stop loss to break-even. Will try to hold on to it until it reaches the swing target.
Sell 1 @ 1.3209. It broke the 1.3340 support in a significant way after two previous successful tests. Didn't raise my stop loss to below the support, tried to get out of the trade with limit orders but couldn't get filled, it then came down to very close to my stop loss, and I pretty much panicked and put a limit order very close to the market price and got out. It got down to 5 ticks from my stop loss and bounced to just below the 1.3340 level.
Lessons learned:
1. When up over $1000 or so, just take profits when it hits major resistance/support, in this case 1.3400.
2. If not, certainly raise the stop loss to a support/resistance level, in this case 1.3340, locking in at least 1/3 to 1/2 of the profits.
3. Or somewhere in between, i.e. in this case when it broke the trendline at the top and I even said to myself, this doesn't look good but didn't take any action.
1 contract $162.5 gross, $148.02 net.
Re-entry:
Open:
1st: Long 1 @ 1.3305. After the initial dip that stopped me out, it shot up again and looks like it's forming a larger symmetrical H&S reversal pattern. Missed a couple of entry points didn't want to miss out again, put a single contract order quite high and another one 6 ticks below at 5m support.
2nd: Long 1 @ 1.3299. Second contract filled, the average is 1.3302. Stop loss is 27 ticks below the average at 1 tick below the last swing low. Targets are 18 ticks at 1.3320 resistance and 38 ticks at 1.3340 resistance.
Close:
1st: Sell 1 @ 1.3317. It had a whoosh up, didn't want to be a jerk for a tick, dropped down the order by 3 ticks, 17 ticks heat from the average.
It shot straight up, I moved up the target to 1.3377 just below the Sky Line and moved stop loss to break-even.
2nd: Sell 1 @ 1.3377. Target hit.
2 contracts $1125 gross, $1110.52 net.
For the trade $1225 gross, $1181.56 net.
20130117-1
6A
Open:
Long 2 @ 1.0510. Swing Analysis, Daily Hammer. Trying this trade again, will take off 1 contract with 1 tick profit and let the other one run, stop loss is 30 ticks at 4 ticks below the low of the previous day, initial target is 50 ticks at 12 ticks above the high, may move it higher if the trade goes my way and has good momentum.
Close:
1st: Sell 1 @ 1.0511. 15m to the employment report, was thinking about giving it more room, but didn't want to take the risk, took off the first contract with 1 tick profit.
2nd: Sell 1 @ 1.0480. Stopped out.
2 contracts -$290 gross, -$304.48 net.
Open:
Long 2 @ 1.0510. Swing Analysis, Daily Hammer. Trying this trade again, will take off 1 contract with 1 tick profit and let the other one run, stop loss is 30 ticks at 4 ticks below the low of the previous day, initial target is 50 ticks at 12 ticks above the high, may move it higher if the trade goes my way and has good momentum.
Close:
1st: Sell 1 @ 1.0511. 15m to the employment report, was thinking about giving it more room, but didn't want to take the risk, took off the first contract with 1 tick profit.
2nd: Sell 1 @ 1.0480. Stopped out.
2 contracts -$290 gross, -$304.48 net.
Wednesday, January 16, 2013
20130116-5
6A
Open:
Short 2 @ 1.0523. 60m VC Doji, 22.00 CET, 10 ticks hard stop loss, 5 ticks soft stop loss. Targets are 8 ticks and 23 ticks.
Close:
After the midnight open.
1st: Cover 1 @ 1.0515. First target hit, 2 ticks heat. Stop loss moved to 5 ticks from entry at 1 tick above the high, target moved to 18 ticks at 1.0505.
2nd: Cover 1 @ 1.0510. It stalled a little bit, decided to cover and reverse.
2 contracts $210 gross, $195.52 net.
Open:
Short 2 @ 1.0523. 60m VC Doji, 22.00 CET, 10 ticks hard stop loss, 5 ticks soft stop loss. Targets are 8 ticks and 23 ticks.
Close:
After the midnight open.
1st: Cover 1 @ 1.0515. First target hit, 2 ticks heat. Stop loss moved to 5 ticks from entry at 1 tick above the high, target moved to 18 ticks at 1.0505.
2nd: Cover 1 @ 1.0510. It stalled a little bit, decided to cover and reverse.
2 contracts $210 gross, $195.52 net.
20130116-4
GC
Open:
Long 2 @ 1675.9. 5m Hammer, 15 ticks stop loss at the low, may take off half quickly and hold the other half.
Close:
1st: Sell 1 @ 1676.5. 2m MOV, 2 ticks heat. Moved down stop loss by 2 ticks, the total risk of this trade is now $100.
Moved stop loss to break-even for the trade after it broken a trendline, set a conservative target just below the high at +40 ticks for the trade.
2nd: Sell 1 @ 1679.3. 6 ticks heat from entry, no heat after 1st exit.
2 contracts $400 gross, $386.12 net.
Open:
Long 2 @ 1675.9. 5m Hammer, 15 ticks stop loss at the low, may take off half quickly and hold the other half.
Close:
1st: Sell 1 @ 1676.5. 2m MOV, 2 ticks heat. Moved down stop loss by 2 ticks, the total risk of this trade is now $100.
Moved stop loss to break-even for the trade after it broken a trendline, set a conservative target just below the high at +40 ticks for the trade.
2nd: Sell 1 @ 1679.3. 6 ticks heat from entry, no heat after 1st exit.
2 contracts $400 gross, $386.12 net.
20130116-2&3
ZN
Open:
Short 2 @ 132'10.5. Swing Analysis, it's sitting at a minor 61.8% retracement and against trendline and daily 35EMA. 8 ticks/'4.0 soft stop loss, today's low or open target.
Close:
Cover 2 @ 132'14.5. Stopped out, still like the trade, but the entry was not so great, if it goes up, I'll try to re-short it.
2 contracts -$250 gross, -$260.32 net.
Re-entry:
Open:
Short 2 @ 132'14.0. Re-entry, 4 ticks/'2.0 soft stop loss. I'm willing to try it again, it's right up against the trendline.
Close:
It's moving in my direction, decided to turn it into a swing trade.
Cover 2 @ 132'14.0. It came back up to the entry price, decided to take a break-even stop loss. It went to as high as 2 ticks from 132'16 original hard stop loss and turned down to reach my target. Unfortunate.
2 contracts $0 gross, -$10.32 net.
For the trade -$250 gross, -$270.64 net.
Open:
Short 2 @ 132'10.5. Swing Analysis, it's sitting at a minor 61.8% retracement and against trendline and daily 35EMA. 8 ticks/'4.0 soft stop loss, today's low or open target.
Close:
Cover 2 @ 132'14.5. Stopped out, still like the trade, but the entry was not so great, if it goes up, I'll try to re-short it.
2 contracts -$250 gross, -$260.32 net.
Re-entry:
Open:
Short 2 @ 132'14.0. Re-entry, 4 ticks/'2.0 soft stop loss. I'm willing to try it again, it's right up against the trendline.
Close:
It's moving in my direction, decided to turn it into a swing trade.
Cover 2 @ 132'14.0. It came back up to the entry price, decided to take a break-even stop loss. It went to as high as 2 ticks from 132'16 original hard stop loss and turned down to reach my target. Unfortunate.
2 contracts $0 gross, -$10.32 net.
For the trade -$250 gross, -$270.64 net.
20130116-1
6A
Open:
Long 2 @ 1.0515. It made a daily bullish doji, I was looking for a break of the high to get in, put out an order to pre-position, but didn't get a fill. It then broke out of both the daily high and a trend line, I left my order to take advantage of a retest of the trend line. Got filled, it bounced up and came back, got filled again. 40 ticks stop loss at 1 ticks below the low, targets are 30 and 60 ticks, may change the targets around if it goes my way and hold overnight, because that would be a bullish break-out of a longer term formation.
Close:
1st: Sell 1 @ 1.0505. The retest failed and it formed what looked like to be a H&S pattern, it then came up to the neckline, I'd already take 31 ticks heat, decided to take half off to reduce risk. The trade doesn't seem to be working at the moment, but it's still in a channel.
2nd: Sell 1 @ 1.0522. It's 21.30 CET, I had to get out of this position, didn't want to wait for it to go above break-even. It's up against trendline and a reversal candlestick is forming.
2 contracts -$30 gross, -$44.48 net.
Open:
Long 2 @ 1.0515. It made a daily bullish doji, I was looking for a break of the high to get in, put out an order to pre-position, but didn't get a fill. It then broke out of both the daily high and a trend line, I left my order to take advantage of a retest of the trend line. Got filled, it bounced up and came back, got filled again. 40 ticks stop loss at 1 ticks below the low, targets are 30 and 60 ticks, may change the targets around if it goes my way and hold overnight, because that would be a bullish break-out of a longer term formation.
Close:
1st: Sell 1 @ 1.0505. The retest failed and it formed what looked like to be a H&S pattern, it then came up to the neckline, I'd already take 31 ticks heat, decided to take half off to reduce risk. The trade doesn't seem to be working at the moment, but it's still in a channel.
2nd: Sell 1 @ 1.0522. It's 21.30 CET, I had to get out of this position, didn't want to wait for it to go above break-even. It's up against trendline and a reversal candlestick is forming.
2 contracts -$30 gross, -$44.48 net.
Tuesday, January 15, 2013
20130115-2
ES
Open:
Long 2 @ 1458.50. 60m VC Doji and a Gap trade, soft 2.50 points stop loss at 2 ticks below the low, targets are 2.75 points at half gap fill and 5 points at full gap fill.
Close:
1st: Sell 1 @ 1458.50. It got to 1 tick from my half gap fill target and stalled, I was too slow to move the order one or two ticks down, and it turned back, I decided to move half stop loss to break-even.
2nd: Sell 1 @ 1461.50. Moved down the order to 1462.00 at 60m 18EMA, it came up close to that, I didn't want to wait and dropped down the order to the offer and got filled. Guess I didn't want to make the same mistake again and was pretty jumpy about this, so it was a little premature.
2 contracts $150 gross, $139.36 net.
For the day $460 gross, $435.48 net.
Open:
Long 2 @ 1458.50. 60m VC Doji and a Gap trade, soft 2.50 points stop loss at 2 ticks below the low, targets are 2.75 points at half gap fill and 5 points at full gap fill.
Close:
1st: Sell 1 @ 1458.50. It got to 1 tick from my half gap fill target and stalled, I was too slow to move the order one or two ticks down, and it turned back, I decided to move half stop loss to break-even.
2nd: Sell 1 @ 1461.50. Moved down the order to 1462.00 at 60m 18EMA, it came up close to that, I didn't want to wait and dropped down the order to the offer and got filled. Guess I didn't want to make the same mistake again and was pretty jumpy about this, so it was a little premature.
2 contracts $150 gross, $139.36 net.
For the day $460 gross, $435.48 net.
20130115-1
GC
Open:
1st: Long 1 @ 1672.9. Gold Rush, 4am CET, it was up 3.4, had missed a couple of entry points to go long, waited for gold to be up more than 3 and did a Gold Rush hoping it would break the trend line and rally. Only used 1 contract because of the high risk that it was already close to the trend line and it might hold. Will add in 1 more contract if it comes down to 1670 support or a new high. 60 ticks initial stop loss and 40 ticks target just below the previous high.
2nd: Long 1 @ 1670.1. Support add in. Initial stop loss 30 ticks, may raise it to 20 ticks. The average is now 1671.5. First target at break-even for the trade, second target is the target of the first entry or trail.
Close:
1st: Sell 1 @ 1671.5. First target hit, no heat. Adjusted stop loss to -40 ticks, may raise it to just below the swing low at the 2nd entry, will certainly do that if it breaks the swing high.
2nd: Sell 1 @ 1674.6. It made a new high with volume spike and broke the trend line but immediately got sold back. There was a 1m trend line, when it was broken I waited for the price to reach the projected target and exited the trade.
2 contracts $310 gross, $296.12 net.
Open:
1st: Long 1 @ 1672.9. Gold Rush, 4am CET, it was up 3.4, had missed a couple of entry points to go long, waited for gold to be up more than 3 and did a Gold Rush hoping it would break the trend line and rally. Only used 1 contract because of the high risk that it was already close to the trend line and it might hold. Will add in 1 more contract if it comes down to 1670 support or a new high. 60 ticks initial stop loss and 40 ticks target just below the previous high.
2nd: Long 1 @ 1670.1. Support add in. Initial stop loss 30 ticks, may raise it to 20 ticks. The average is now 1671.5. First target at break-even for the trade, second target is the target of the first entry or trail.
Close:
1st: Sell 1 @ 1671.5. First target hit, no heat. Adjusted stop loss to -40 ticks, may raise it to just below the swing low at the 2nd entry, will certainly do that if it breaks the swing high.
2nd: Sell 1 @ 1674.6. It made a new high with volume spike and broke the trend line but immediately got sold back. There was a 1m trend line, when it was broken I waited for the price to reach the projected target and exited the trade.
2 contracts $310 gross, $296.12 net.
Monday, January 14, 2013
20130114-3
GC
Open:
Long 2 @ 1669.8. Gold Rush, 15 and 30 ticks target, 23 ticks stop loss at 1 tick below a plateau low and what looked like a diamond continuation pattern.
Close:
1st: Sell 1 @ 1669.6. It wasn't moving in my direction, decided to take off half to reduce risk.
2nd: Sell 1 @ 1667.5. Stopped out.
2 contracts -$250 gross, -$263.88 net.
For the day $265 gross, $226.92 net.
Open:
Long 2 @ 1669.8. Gold Rush, 15 and 30 ticks target, 23 ticks stop loss at 1 tick below a plateau low and what looked like a diamond continuation pattern.
Close:
1st: Sell 1 @ 1669.6. It wasn't moving in my direction, decided to take off half to reduce risk.
2nd: Sell 1 @ 1667.5. Stopped out.
2 contracts -$250 gross, -$263.88 net.
For the day $265 gross, $226.92 net.
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