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.
Friday, January 4, 2013
20130104-2
GC
Open:
Long 2 @ 1637.0. Gold was down $37 and came into a massive support, trying to bottom fish here. Stop losses are 10 ticks at 1 ticks below a 1m bar plateau low and 30 ticks at 7 ticks below the low of the day. Targets are 30 ticks at just below 5m 18EMA and 70 ticks at 6 ticks below 50% retracement.
Close:
1st: Sell 1 @ 1636.0. Stopped out, had 24 ticks gain but was 6 ticks short of the first target.
2nd: Sell 1 @ 1633.9. Stopped out, 1 tick slippage.
2 contracts -$410 gross, -$423.88 net.
Open:
Long 2 @ 1637.0. Gold was down $37 and came into a massive support, trying to bottom fish here. Stop losses are 10 ticks at 1 ticks below a 1m bar plateau low and 30 ticks at 7 ticks below the low of the day. Targets are 30 ticks at just below 5m 18EMA and 70 ticks at 6 ticks below 50% retracement.
Close:
1st: Sell 1 @ 1636.0. Stopped out, had 24 ticks gain but was 6 ticks short of the first target.
2nd: Sell 1 @ 1633.9. Stopped out, 1 tick slippage.
2 contracts -$410 gross, -$423.88 net.
20120104-1
YM
Open:
Short 2 @ 13320. Daily Yellow Hat Doji, also a hedge because I'm longing equities, although bonds are still down and didn't bounce, the risk for this trade is tolerable. 45 ticks stop loss at 5 ticks above the daily high, targets are 45 ticks and 90 ticks at just above the Tree Line.
Close:
Open:
Short 2 @ 13320. Daily Yellow Hat Doji, also a hedge because I'm longing equities, although bonds are still down and didn't bounce, the risk for this trade is tolerable. 45 ticks stop loss at 5 ticks above the daily high, targets are 45 ticks and 90 ticks at just above the Tree Line.
Close:
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