It was a simple notion: SPY support around the round number of 320. Consider going long, but wait for SPY to prove itself.
So I used the candle break entry tactic, looking to buy the first break of a one-minute candle high on a bounce off of 320.00. I've drawn in a red line between 10:20 and 10:25 where the entry level occurred.
It played out smoothly, with a ten-cent gain on each of the first three contracts and a 25-cent gain on the fourth.
The final contract was a runner, and it could have closed for more. I had tried to set up a candle trail using three-minute candles, which is not something we've tried before. It turns out there's a bug somewhere in there. I ended up having to close the trailing contract manually.
End result:
- $58 profit
- A soon-to-be-dead bug
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