Daily Recap 12-31-2013

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

2013-12-31-End of day

* 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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Battle Plan Progress 12-31-2013

12 PM: Some consolidation ahead, should not go below 184.14

60 min reversal stop under 183.85

60 min short under 183.85

120 min short under 183.53

2013-12-31-12 pm - update

11 AM: Keeps on going up

60 min reversal stop under 183.79

60 min short under 183.79

120 min short under 183.53

2013-12-31-11 am - update

10 AM: SPY opened with a gap up this morning triggering the 60 min long reversal signal.

60 min reversal stop under 183.57

60 min short under 183.57

2013-12-31-10 am - update

Daily Recap 12-30-2013

Nothing special happened today , we just moved sideways, so I kept the updates to a minimum trying not to clog your twitter stream. The only thing meaningful was the reversal signal issued by the system, which means we are moving in a narrow channel between a short and a long signal. Tomorrow will most likely trigger at least one of them.

Battle Plan for the 12/31/2013

60 min reversal long over 184.02

60 min short under 183.4

2013-12-30-End of day

* 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.

For FREE updates in real time follow me on Twitter

To comment or post your own signals join me on Facebook 

Join Us on FaceBookFollow For FREE