The trend was DOWN until 8am EST. From 4am – 8am EST, a new trend change candle formed and changed the trend from down to UP. After 8am EST, the trend remained UP the rest of the day.
Today I only looked for short trades until 8am EST. After 8am EST, I only looked for long trades.
News events to watch for today :
- 4:30am EST- UK Meeting minutes
- 8:30am EST– US Housing Starts: Building Permits; CPI
- 10:00am EST– US Annual Educators Conference
4:15am EST– There was a valid signal here but because it was right before a news report I did not enter.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for Thursday:
- 4:30am EST- UK Retail Sales
- 8:30am EST– US Initial Claims
- 10:00am EST– US Existing Home Sales; Philly Fed Index