Daily Recap: Boring day all day up until the last hour where I got the retrace to the trend line I was expecting last night. Now it’s up to the bears to show us if there is a follow through to the decline or will we see a reversal tomorrow. In the meantime teh system issued a reversal signal on both intervals.
Battle Plan for the 11/26/2013
60 min long reversal signal over 181.09
120 min long reversal signal over 181.09
* 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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