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Friday, January 4, 2013

20130104-3

GC
Open:
Long 2 @ 1630.5. Entry after a big 5m Hammer, initial stop loss is 35 ticks at 1 tick below the low. Will take off 1 contract quickly at +10 or +5 ticks. The second target is 70 ticks at 1 tick below 38.2% retracement.

Close:
Raised half of the stop loss to -10 ticks at 1 tick below a 1m swing low.
1st: Sell 1 @ 1628.4. Stopped out, 6 ticks slippage. 
Raised the stop loss by 10 ticks at 3 ticks below a 5m swing low.
2nd: Sell 1 @ 1627.9. Stopped out, had at most 40 ticks above the entry.
  
2 contracts -$470 gross, -$483.88 net.


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