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  • James Fournier

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    James Fournier entered a long position in WTI Crude oil futures based on concerns about Iran and the Middle East raising oil prices. The market immediately rose as Fournier took some profits, but then prices fell and his initial stop loss was triggered. However, Fournier kept a small remaining position open by moving the stop loss to break even since he had to step away. When he returned, prices had retested the earlier highs so he took further profits, but left a small amount of the position open with a stop loss in case of more upside.

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    James Fournier entered a long position in WTI Crude oil futures based on concerns about Iran and the Middle East raising oil prices. The market immediately rose as Fournier took some profits, but then prices fell and his initial stop loss was triggered. However, Fournier kept a small remaining position open by moving the stop loss to break even since he had to step away. When he returned, prices had retested the earlier highs so he took further profits, but left a small amount of the position open with a stop loss in case of more upside.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    14 views3 pages

    James Fournier

    Uploaded by

    api-100874888
    James Fournier entered a long position in WTI Crude oil futures based on concerns about Iran and the Middle East raising oil prices. The market immediately rose as Fournier took some profits, but then prices fell and his initial stop loss was triggered. However, Fournier kept a small remaining position open by moving the stop loss to break even since he had to step away. When he returned, prices had retested the earlier highs so he took further profits, but left a small amount of the position open with a stop loss in case of more upside.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 3

    James Fournier

    WTI Crude - 27th February. Given the Iran/Middle Eastern concerns, I wanted to nd an opportunity to get into WTI Crude on a pull back. Below is the 5 minute chart - Long Entry indicated by the green arrow.

    James Fournier

    WTI Crude had an immediate run up (where I took the opportunity to lock in some prot at 109.11).

    James Fournier

    From that point onwards WTI turned into a messy trade. My 1st stop loss (40% of the remaining position) was triggered as prices fell. I, however, wanted to stay in the trade, so I moved my nal stop loss to break even point as I had to leave my screens. Arriving back I immediately took prots seeing the retest of the highs. I remain with a minimal position left on the table with stop loss in place and I will try to add to the long if the market gives me a good opportunity.

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