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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 :

• 9:45am EST- US Chicago PMI

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 went from negative to positive. This was a valid entry. The entry was at the close of the candle at 1.9936 with a stop at the most recent swing low at 1.9923. Since I was 14 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.9950.

Entry: Long at 1.9936
Stop: 1.9923
Initial Target: 1.9950

2:45am EST- My target was hit. Price did not make a clean break of my target, so I took my final profit. I exited at 1.9950.

5:45am EST- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD went from negative to positive. This was a valid entry. The entry was at the close of the candle at 1.9950 with a stop at the most recent swing low at 1.9925. Since I was 50 pips away from the nearest 50 or 00 level, I decided to put my initial target at 2.0000.

Entry: Long at 1.9950
Stop: 1.9925
Initial Target: 2.0000

6:30am EST- Unfortunately I was stopped out of my trade.

8:45am EST- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD went from negative to positive. This was a valid entry. The entry was at the close of the candle at 1.9933 with a stop at the most recent swing low at 1.9889. Since I was 17 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.9950.

Entry: Long at 1.9933
Stop: 1.9889
Initial Target: 1.9950

9:30am EST- My target wasn't hit by this time so I closed my trade before the news. I exited at 1.9936.

Trade Result: +14 -25 +3= -8 pips (NOT INCLUDING SPREAD: R-Multiple: 1.07; -1.00; 0.06

News events to watch for tomorrow :

• 2:00am EST- UK Nationwide House Prices
• 4:30am EST- UK Manufacturing PMI
• 10:00am EST- US ISM Manufacturing Index

For a complete list of news events check out our News Section

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