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!
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10 minutes post-analysis and trade entry!
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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.
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Another take profit hit! Currently holding 2 more contracts that I will hold over the weekend. Current profit: $1,600