As of writing this (about 10 minute after recording this video) we did rebound perfectly off our level and are 3 points up ($900). If we were to close the trade now it would be a succesful 10 R:R trade. But we have daily algorithms for a reason.
I'll share updates on how the trade is going below on this post!
Hope this was helpful!! It's truly incredible how you can "Catch bottoms" and have such a tight stop loss utilizing both intra-day and daily algorithms.
Happy Trading all!
I'll share updates on how the trade is going below on this post!
Hope this was helpful!! It's truly incredible how you can "Catch bottoms" and have such a tight stop loss utilizing both intra-day and daily algorithms.
Happy Trading all!
Note
10 minutes post-analysis and trade entry!
Note
First profits taken at the top of a tapered intra-day channel. Took 2 contracts off of my total 6 taken. Although this is a swing trade, I do want to lock in profits to guarantee a break-even.
Note
Another take profit hit! Currently holding 2 more contracts that I will hold over the weekend.
Current profit: $1,600
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.