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.
Thursday, January 3, 2013
20130103-1
GC
Open:
Long 2 @ 1679.0. 5m H&S, 25 ticks stop loss at 2 ticks below the right shoulder, targets are 20 ticks at just below 30m 18EMA and 45 ticks at 8 ticks below the projection target of the formation.
Close:
Moved first target to +25 ticks at 2 ticks below 30m 18EMA, and moved stop loss to -5 ticks from entry at 1 tick below the swing low after the breakout using the 1m chart.
1st: Sell 1 @ 1681.5. First target hit, 4 ticks heat.
2nd: Sell 1 @ 1678.5. Stopped out. Missed a retest and was thinking about buying the stop loss because it looked like another retest, but didn't do it.
2 contracts $200 gross, $186.12 net.
Open:
Long 2 @ 1679.0. 5m H&S, 25 ticks stop loss at 2 ticks below the right shoulder, targets are 20 ticks at just below 30m 18EMA and 45 ticks at 8 ticks below the projection target of the formation.
Close:
Moved first target to +25 ticks at 2 ticks below 30m 18EMA, and moved stop loss to -5 ticks from entry at 1 tick below the swing low after the breakout using the 1m chart.
1st: Sell 1 @ 1681.5. First target hit, 4 ticks heat.
2nd: Sell 1 @ 1678.5. Stopped out. Missed a retest and was thinking about buying the stop loss because it looked like another retest, but didn't do it.
2 contracts $200 gross, $186.12 net.
Subscribe to:
Posts (Atom)