Lower Timeframe Limit Entry Zone

USOIL is likely to pullback to the highlighted area around 5125. Looking for limit buy entries at that level for now. Reduced size to 1/2 and wider stop range is preferable option judging from the serious swings that oil has been going through.

Comentário:

Limit buy @ 5125, a 70 tick stop @ 5055 and 1R-3R targets

Trade ativo:

Limit buy filled.

Comentário:

Limit sell order 1/2 position @ 5195, a 1R target. Remaining 1/2 position working with the same stop.

Trade fechado: stop atingido:

1R loss. The market went up to 5185, 10 ticks lower than the 1R limit sell order @ 5195 and then collapsed to the 5055 area as the US session came in.

Comentário:

Limit buy @ 5035, a 70 tick stop @ 4965

Trade ativo:

Limit order filled

Comentário:

Limit sell order to close 1/2 position @ 5105, a 1R target, the remaining 1/2 working with the same stop.

Trade fechado: stop atingido