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Friday, February 15, 2013

20130215-3&4

GC
Open:
Long 2 @ 1626.5. It broke the 1630 support and formed a huge 5m hammer, then came down to roughly 2/3 of the tail of that bar and formed another hammer. 16 ticks initial stop loss at 1 tick below the low of the day.

Close:
It moved roughly 10 ticks in my favor, I moved up the stop loss to -10 ticks at 3 ticks below the low of the signal bar.

It moved up about 15 ticks and crossed the 5m 8EMA and 1m 35EMA, I moved my stop loss to break-even. 
1st: Sell 1 @ 1629.0. It hit the 5m 20EMA, but was a few ticks short of the intended 30 ticks half target, I decided to take half profit anyway. 
2nd: Sell 1 @ 1625.6. Stopped out, 9 ticks slippage, ended up getting filled at the bottom tick.

2 contracts $160 gross, $146.12 net.


Re-entry:
Sub-account
Open:
Long 1 @ 1626.7. It formed another 5m Hammer, 7 ticks stop loss at 2 ticks below the low of the bar.

Close:
Raised stop loss to break-even after it hit 5m 35EMA at +15 ticks.

Sell 1 @ 1626.7. Stopped out, had at the most 17 ticks.

1 contract $0 gross, -$6.94 net.


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