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Main Trend

Current Trend= The trend remained down until 12 pm ET. From 8am - 12pm ET a new trend change candle formed and changed the trend from down to UP. The trend remained up for the rest of the day.

Today I looked for short trades until 12pm ET. After 12pm ET I only looked for long trades

Today's Surf

1:45 am ET- 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 which was at 9789 with a stop at the most recent swing high which was at 9804. Since I was 39 pips away from the nearest 50 level I set my target at 9750.

2:00 am ET- Unfortunately I was stopped out of my trade.

3:15 am ET- 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 which was at 9791 with a stop at the most recent swing high which was at 9826. Since I was 41 pips away from the nearest 50 level I set my target at 9750.

6:15 am ET- My target is hit at 9750.

Trade Result: -15 +41= +26 pips ; R-Multiple= -1.00; 1.28

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