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Main Trend

Current Trend= The trend remained down the entire day

Today I only looked for short trades.

News events to watch for today :

• 8:30am EDT- US PPI; Unemployment Claims


• 10:00am EDT- US Philly Fed Index

Today's Surf

3:45am EDT- 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 1.4587 with a stop at the most recent high at 1.4648. Since I was 37 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.4550.

Entry: 1.4587

Stop: 1.4648

Target: 1.4550

4:30am EDT- Unfortunately I was stopped out of my trade.

Trade Result: -61 pips (NOT INCLUDING SPREAD) R-Multiple: -1.00

News events to watch for tomorrow :

• 8:30am EDT- US CPI


• 9:00am EDT- US TIC Data


• 9:55am EDT- US Prelim UoM Consumer Sentiment

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

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