mean reversion on trend days should be to the longer term mean in the direction of trend, 61 next near one then 55Quote from bvam1:
that's why mean reversion should be done only a few times against your system a day. I took a low probability trade on that one. Was right on direction, but had bad luck on timing there. Supposed to re-enter short, but target did not hit.
It's bottoming out. Will see in 5-15 mins. We might exit long position break even or slightly up.