u/NoNegotiation725

Hi everyone

On thursday i bought 2500 quid of west texas intermediate. Price triggered my order and i used the opening range breakout strat as a basis for continuation.

What followed is my best trade, probably ever. I followed my plan and i was one with price as i saw it hesitate and then explode up after exhausting sellers.

We all know oil is in a strong down trend, so this contrarian trade was purely short term to capture the momentum of the incoming support level. It will have to double bottom or triple to stop this on a macro level but on the daily it had already violated its daily range so was due for a sell side profit taking.

I would like some feedback on what i could have done better? Weather i should i have stayed on or taking profit slowly to capture a bigger portion of the move?

Hi everyone

On thursday i bought 2500 quid of west texas intermediate. Price triggered my order and i used the opening range breakout start as a basis for continuation.

What followed is my best trade, probably ever. I followed my plan and i was one with price as i saw it hesitate and then explode up after exhausting sellers.

We all know oil is in a strong down trend, so this contrarian trade was purely short term to capture the momentum of the incoming support level. It will have to double bottom or triple to stop this on a macro level but on the daily it had already violated its daily range so was due for a sell side profit taking.

I would like some feedback on what i could have done better? Weather i should i have stayed on?