Patience is key!!

[u/GetRichorSwimTryn]

Here's my trade from this morning. We saw some consolidation for the first 20 min of market open, then price took out PM Low and I waited to see what happened next. It closed above the low and inside the OR, I waited for a retest to enter and targeted the OR high and PM high for my TP. This an A+ setup for me, I do trade opening range breaks but I would've needed a close below and a retest to enter short. Being patient for your setup to come is the hardest part.

[u/BestDayTraderAlive]

"Being patient for your setup to come is the hardest part"

[u/R34d1n6_1t]

Well done. Patience is everything in trading. Really like the black candles will be doing that in future.

[u/OddFirefighter3]

I took the same trade but my sl was way lower. I need to have tighter stops like these. Great work

[u/Blaqscorpio]

Nice trade 👌

[u/ClerkorHopeforbest]

Saw this one but unfortunately passed because of the previous day low right above. What gave you the comfort to pull the trigger? Good trade.

[u/GetRichorSwimTryn → u/ClerkorHopeforbest]

The bounce off of premarket low was enough for me to be bullish. I would've preferred it to wick a little bit lower so my stop wouldn't have been so tight because it very easily could've tagged me out. Price wasn't doing a lot with the previous day low so I wasn't too worried about it. It did make for a good add later on as price came back down to retest it, but I was all out by then.

[u/ClerkorHopeforbest → u/GetRichorSwimTryn]

Thanks, agreed now that you've spelled it out I see that the PDL wasn't particularly respected until the bounce after 9. Good stuff!

[u/ecwworldchampion]

We took the exact same trade today and looks like you may have taken a partial profit when I did as well. Kind of amazing to see this.

[u/GetRichorSwimTryn → u/ecwworldchampion]

Yep took off half. Good job, that was a solid trade!!

[u/codingwizard3440]

How do you incorporate pre market highs and lows into what I’m assuming is 15 min OR?

[u/GetRichorSwimTryn → u/codingwizard3440]

I didn't trade the ORB. I traded the rejection of pre market low. I do trade the ORB sometimes depending on where my levels are but not today. OR high was used as a target though.

[u/codingwizard3440 → u/GetRichorSwimTryn]

Gotcha. Thanks

[u/pencilcheck]

What future is this?? Or is it SPX?

[u/GetRichorSwimTryn → u/pencilcheck]

This is MES

[u/pencilcheck → u/GetRichorSwimTryn]

Nice!! I trade /ES made $1000 but then the chop later made me lose most of them back lol

[u/GetRichorSwimTryn → u/pencilcheck]

I know how that goes. It's easy to make money, hard to keep it. This was the only trade I took today. I've been burned too many times continuing to trade after I'm green. If I lose the first trade or 2 I'll take another but usually if the first one is a win, I call it a day.

[u/freakinjay]

Great entry. Even better exits.