Shared by
James_BOWSsim
After seeing a strong open in the market I longed this oil stock once I saw light crude oil up to ~31.60 per barrel. Got stopped out at LOD.
This was my second premature ORB today. I need to learn to wait for at least three 5-minute candles before taking an ORB until it becomes like second nature. It is one of my favorite setups but I'm having trouble nailing it so far. More patience required. The third candle didn't break and if I had seen that I probably would not have taken this trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-01-13 09:38:35 | UWTI | buy | $2.390 | long |
| 2016-01-13 09:38:35 | UWTI | buy | $2.390 | long |
| 2016-01-13 10:15:20 | UWTI | sell | $2.325 | 0 |
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