The trend stayed up until 3am EST. From 11pm – 3am EST, a new trend change candle formed and changed the trend from up to DOWN. After 3am EST, the trend remained down the rest of the day.
Today I only looked for long trades until 3am EST. After 3am EST, I only looked for short trades.
News events to watch for today :
- 4:30am EST– UK BBA Mortgage Approvals
- 8:30am EST- US Prelim GDP q/q
- 9:00am EST- US S&P/CS Composite-20 HPI y/y
- 10:00am EST- US CB Consumer Confidence
10:00am EST– There was a valid signal here but because it was a news candle I did not enter.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for tomorrow:
- 4:30am EST– UK Gross Domestic Product Price
- 8:30am EST- US Initial Jobless Claims
- 10:00am EST- US New Home Sales