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Main Trend

Current Trend= The trend remained up the entire day.

Today I only looked for long trades.

News events to watch for today :

• 8:30am EST- US Nonfarm Employment Change

Today's Surf

1:00am EST- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD was negative and gaining value. This was a valid entry. The entry was at the close of the candle at 1.9949 with a stop at the most recent swing low at 1.9926. Since I was only 1 pip away from the nearest 50 or 00 level (1.9950), I decided to go for the same amount of pips I was risking on the trade, which in this case was 23. This put my initial target at 1.9972.

Entry: Long at 1.9949
Stop: 1.9926
Initial Target: 1.9972

3:15am EST- My target was hit. Price did not make a clean break of my target so I took my final profit. I was able to exit right at 1.9972.

7:30am EST- There was no signal here because stochastics were trending down.

8:00am EST- I did not enter because it was right before the NFP report.

Trade Result: +23 pips; R-Multiple: 1.00

News events to watch for tomorrow :

• None

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