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Sorry dudes. No video today! I promise I'll put one up when I have the time. Unfortunately trading is not the only thing in my life :)

Main Trend

Current Trend= The trend remained down the entire day.

Today I only looked for short trades.

News events to watch for today :

• 4:30am EST- UK Industrial Production
• 9:30am EST- US Fed Chairman, Bernanke speaks

Today's Surf

6:15am EST- There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD went from positive to negative. This was a valid entry. The entry was at the close of the candle at 1.9681 with a stop at the most recent swing high at 1.9724. Since I was 31 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.9650.

Entry: Short at 1.9681
Stop: 1.9724
Initial Target: 1.9650

7:45am EST- Unfortunately I was stopped out of my trade. Yikes!

Trade Result: -43 pips: R-Multiple: -1.00

News events to watch for tomorrow :

• 7:00am EST- BOE Interest Rate Statement
• 8:30am EST- US Trade Balance; Unemployment Claims

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