This is the last update for 2013, end of quarter and end of year summary will be out as soon as the long position the system is holding will be closed. I can say that the results certainly beat my expectations, but I’ll talk about it in the summary post.
I am unsure as to the pattern that is developing, we could see a gap up and go on Thursday or it could be a wedge in its early stages, but whatever it is the 60 min reversal long position that was triggered this morning, survived the pullback and is looking to make some profit.
Happy new year, see you next year
Battle Plan for the 12/31/2013
60 min reversal stop loss under 183.85
60 min short under 183.85
120 min short under 183.53
* Stop loss lines should be triggered if there is an interval close above them (i.e. 60 min or 120 min ), they are published in the daily blog and updated during trading hours on twitter.
* Take profit lines should be triggered immediately when crossed, they are usually issued during the trading day on twitter.
* Entry signals should be triggered when crossed, but take into account that until there is a confirmation (i.e. close of the interval across the entry signal) , the signal can become a reversal signal.
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