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Friday, January 25, 2013

20130125-1&2

GC
Open:
Long 2 @ 1656.8. Bottom Fishing, it coming down and retesting the daily trendline and had multiple 5m hammers with slightly lower lows, looks like it's struggling, not a lot of downside momentum. 20 ticks stop loss, 10 ticks and 60 ticks target at minor 50% retracement.

Close:
1st: Sell 1 @ 1657.8. First target hit, 18 ticks heat, 2 ticks from stop loss.
Raised stop loss to 1657.0, locking in 12 ticks for the trade.
2nd: Sell 1 @ 1661.6. It formed a 5m shooting star after a violent push up, decided to take profits and let the trade in the sub-account to run. 

2 contracts $580 gross, $566.12 net.


Pyramid add-in in sub-account
Open:
Long 1 @ 1658.4. It broke the right side downward trendline of what looks like a diamond/H&S reversal pattern to the uppside, 19 ticks stop loss at 2 ticks below the low of the right shoulder, open target for now, may hold it overnight.

Close:
It broke out in a decisive way, raised both stop losses to 1657.0. 
Sell 1 @ 1658.5. It came back down through my entry price, put a limit order to exit with 1 tick profit, didn't really want to lose money on this thrade.

1 contracts $10 gross, $3.06 net.
For the trade $590 gross, $569.22 net.