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Wednesday, January 23, 2013

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.

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