Daily Recap: Despite what most analysts and bloggers wrote,we had a strong bullish day today. SPY broke the 120 min trend line on the first bar and kept on going. There are some signs of a pullback and that is where things will start to get interesting, but until then no signals from the system.
Battle Plan for the 9/5/2013
No signals yet
* 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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