Daily Recap 12-3-2013 – bears pushing down

Daily Recap: I wrote it in my weekly and in my daily posts, that some sort of correction is imminent and it looks like the bears obliged and started pushing downwards. By the end of day we saw some kind of bounce, so I am not sure if it ended or not, but I think we should have another leg downwards before seeing a more serious upward effort.

The 60 min short positions were closed today with PROFIT (an average of 1.17 point for each position), if you enjoyed the trade don’t forget to TIP ME

The 120 min remains open, but came very close to issuing a stop signal at end of day, so tomorrow will tell more

Battle Plan for the 4/12/2013

120 min stop loss over 181.33

2013-12-3-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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