Sub-account
Open:
Long 1 @ 1653.3. It has hit the downward daily trendline a couple of times and has also reached the daily 61.8% retracement. It had two minor breaks of the low, both time bounced up, looks like it could be a bottom. I waited for it to come down a little further so that I didn't have to risk too much, it did just that with a 1m 600 volume spike. 33 ticks stop loss at 10 ticks below the low. Open target, I'm looking for at least the 50% retracement of the last leg down at 1661 or the 50% retracement of the whole move down at 1774.
Close:
Raised stop loss to -20 ticks at 6 ticks below the higher low when it got to the previous high at +60 ticks from entry.
Raised stop loss to break-even after it broke the 1659.5 high.
20130129
Sell 1 @ 1662.3. It was struggling to reach the previous high, and with FOMC meeting tomorrow and contract roll-over, I decided to cash in. 14 ticks heat.
1 contract $900 gross, $893.06 net.
