GC
Open:
Long 2 @ 1626.5. It broke the 1630 support and formed a huge 5m hammer, then came down to roughly 2/3 of the tail of that bar and formed another hammer. 16 ticks initial stop loss at 1 tick below the low of the day.
Close:
It moved roughly 10 ticks in my favor, I moved up the stop loss to -10 ticks at 3 ticks below the low of the signal bar.
It moved up about 15 ticks and crossed the 5m 8EMA and 1m 35EMA, I moved my stop loss to break-even.
1st: Sell 1 @ 1629.0. It hit the 5m 20EMA, but was a few ticks short of the intended 30 ticks half target, I decided to take half profit anyway.
2nd: Sell 1 @ 1625.6. Stopped out, 9 ticks slippage, ended up getting filled at the bottom tick.
2 contracts $160 gross, $146.12 net.
Re-entry:
Sub-account
Open:
Long 1 @ 1626.7. It formed another 5m Hammer, 7 ticks stop loss at 2 ticks below the low of the bar.
Close:
Raised stop loss to break-even after it hit 5m 35EMA at +15 ticks.
Sell 1 @ 1626.7. Stopped out, had at the most 17 ticks.
1 contract $0 gross, -$6.94 net.
Friday, February 15, 2013
20130215-3&4
Labels:
5m Hammer,
BESL,
BESO,
Bottom Fishing,
GC,
Hammer,
loss,
profit,
reentry,
scratch,
stop loss,
sub account
20130215-2
NQ
Open:
Long 2 @ 2765.25. 60m Hammer, was looking for an entry point after yesterday's close that looked like it was getting ready to break out to the upside on the daily chart. Stop loss at 2754 at 2 points below yesterday's low.
Close:
1st: Sell 1 @ 2765.25. Wasn't comfortable with the idea of losing $300 per contract, took off half at break-even.
2nd: Sell 1 @ 2776.25.
Open:
Long 2 @ 2765.25. 60m Hammer, was looking for an entry point after yesterday's close that looked like it was getting ready to break out to the upside on the daily chart. Stop loss at 2754 at 2 points below yesterday's low.
Close:
1st: Sell 1 @ 2765.25. Wasn't comfortable with the idea of losing $300 per contract, took off half at break-even.
2nd: Sell 1 @ 2776.25.
20130215-1
GC
Open:
Long 2 @ 1635.0. 60m Hammer, may take off 1 contract quickly as the low of the bar is 25 ticks away.
Close:
1st: Sell 1 @ 1635.1. Took 4 ticks heat, was gonna see if it would go my way so I could take 5 ticks or so out of the first contract, but after taking the heat I elected to put a limit order at +1 tick.
It then moved in my favor, I moved up the stop loss by 10 ticks to 5 ticks below a 1m low.
2nd: Sell 1 @ 1633.5. Stopped out.
2 contracts -$140 gross, -$153.88 net.
Open:
Long 2 @ 1635.0. 60m Hammer, may take off 1 contract quickly as the low of the bar is 25 ticks away.
Close:
1st: Sell 1 @ 1635.1. Took 4 ticks heat, was gonna see if it would go my way so I could take 5 ticks or so out of the first contract, but after taking the heat I elected to put a limit order at +1 tick.
It then moved in my favor, I moved up the stop loss by 10 ticks to 5 ticks below a 1m low.
2nd: Sell 1 @ 1633.5. Stopped out.
2 contracts -$140 gross, -$153.88 net.
Labels:
60m Hammer,
GC,
Hammer,
loss,
partial profit,
stop loss
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