The trend was DOWN the entire day.
Today I only looked for short trades.
News events to watch for today :
- 5:30am EST– BOE Quarterly Inflation Report
- 8:30am EST– US Retail Sales
- 10:00am EST– US Business Inventories
1:15am 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.
10:00am EST- Didn’t even look at this as a possible trade because it was a news candle. No entry.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for Thursday:
- 8:30am EST– US Initial Claims