Setup_____________See an opportunity in GG trading at 18.00 support area.
Risk______________0.10 on 300 shares. Stop @ 17.70
Exit______________Target high of day 19.00 area. I realized I had no time in the day to allow the trade to materialize and I did not want to hold a position over the weekend. So I took myself out. I will be keeping an eye on this chart as I look for an opportunity to get on this pullback that came from bad earnings. The gold market as a whole is still trending up. GG is just experiencing some bad news.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-07-28 15:30:06 | GG | buy | $17.800 | long |
2016-07-28 15:35:51 | GG | sell | $17.770 | 0 |
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