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.
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