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Thursday, January 3, 2013

20130103-6

GC
Open:
Long 2 @ 1664.0. 1m H&S after a big fall, got in after the a hammer formed the low of the right shoulder. Targets are 40 ticks at half of the projected target and 60 ticks at the full target.

Close:
Bumped up half of the stop loss to break-even after breaking the neckline, at 3 ticks below a one 1m bar low.
Moved the first target to 35 ticks at the 5m 18EMA.
1st: Sell 1 @ 1666.1. It got to 1 tick from the first target, I waited for the 5m bar to close to see if it would reach my target again. It didn't, and I took off the first contract with a limit order at the market. No heat. The break-even stop loss remains. 
2nd: Sell 1 @ 1664.0. Stopped out. 

2 contracts $210 gross, $196.12 net. 


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