The trend was DOWN until 11am EST. From 7am – 11am EST, a new trend change candle formed and changed the trend from down to UP. After 11am EST, the trend remained up the rest of the day.
Today I only looked for short trades until 11am EST. After 11am EST, I only looked for long trades.
News events to watch for today :
3:45am EST– There was a possible signal here but because it was right before the 4:30am EST news I did not enter.
9:30am 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.
11:30am EST– There was a possible signal here but because it was so close to 12 noon EST, I did not enter.
Trade Result: +0 pips R-Multiple: N/A