Open:
Long 2 @ 1666.0. Support and 60m SS in a Squeeze, could've gotten a better price intrabar once I saw the 150+ order at 1665.0 bid, but waited for the 5m bar to finish. 12 ticks stop loss at 2 ticks below 1665.0. Targets are 60 and 80 ticks at the higher end of the consolidation, will put a break-even stop in once it goes 15-20 ticks in my direction.
Close:
Was thinking about whether or not to put in the break-even stop loss after it reached 1667.0 which is a previous 5m low now turned into resistance, finally decided to put in a half stop loss at break-even.
1st: Sell 1 @ 1666.0. Half stop loss.
2nd: Sell 1 @ 1648.8. Stopped out.
2 contracts -$120 gross, -$133.88 net.
Add-in:
Open:
Long 2 @ 1665.9. I still like this level and the risk/reward ratio, added in 2 contracts, 6 ticks stop loss at 1 tick below the low. Targets are now 1667, 1671 and 1673.
Close:
Sell 2 @ 1665.2. Stopped out, 1 tick slippage.
2 contracts -$140 gross, -$153.88 net.
Re-entry:
Open:
Long 2 @ 1665.0. 14 ticks stop loss at 2 ticks below the low.
Close:
1st: Sell 1 @ 1665.0. Break-even half stop loss after +10 ticks in my favor.
Raised stop loss to -10 ticks at 2 ticks below a higher low.
2nd: Sell 1 @ 1663.9. Stopped out, 1 tick slippage.
2 contracts -$110 gross, -$123.88 net.
