I shorted the Long Gilt yesterday after the benchmark cash bond had broken out above 4% yield and returned to test the breakout level. Entry was on an opening range breakout, a new idea. At the end of the day the market came back and I was stopped out in the last 10 minutes. The price is down again today. A trader I met last week recommended an opening range breakout strategy for day trading, but I have yet to work out how to incorporate this into my trading style. In this case the stop was too tight.