I apologize for not posting yesterday. I was feeling sick the entire day and did not trade. It’s never good to surf when you’re not feeling 100%!
Current Trend= The trend remained up the entire day.
Today I only looked for long trades.
4:45 am ET– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD was negative and gaining value. This was a valid entry. The entry was at the close of the candle which was at 9754 with a stop at the most recent swing low which was at 9714. Since I was 46 pips away from the nearest 00 level I set my target at 9800.
6:30 am ET– My target was hit. The price made a clean break of my target so I moved my stop to 9800 and set my next target for 9850.
7:45 am ET– My 2nd target was hit. The price made another clean break so I moved my stop to 9850 and set my 3rd target for 9900.
12:45 pm ET– The price never got to 9900 and it was starting to get late in the day. I saw a moving average crossover in the opposite direction of my trade and decided to go ahead and exit my position. I ended up getting out at 9867.
Trade Result: +113 pips ; R-Multiple= 2.82