Daily Recap: The bears were unable to follow through the gap down this morning, so we are still in no man’s land waiting for a decision.
Battle Plan for the 11/6/2013
60 min long signal over 176.98
60 min short reversal signal under 176.21
120 min short stop loss over 177.51
* 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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