The trend was DOWN the entire day.
Today I only looked for short trades.
News events to watch for today :
- 4:30am EST- UK Industrial Production; Manufacturing Production; Trade Balance
- 7:00am EST– UK MPC Base Rate
- 8:30am EST– US Initial Claims
- 10:00am EST– US Wholesale Inventories; UK NIESR GDP Est.
5:30am EST– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down but MACD was already negative from the previous candle. This cancelled out the signal and I did not enter.
6:45am EST– I didn’t even look at this as a possible trade because it was right before the 7:00am EST news event.
10:00am EST- I also didn’t even look at this as a possible trade because it was happening during a news candle.
Trade Result: +0 pips R-Multiple: N/A