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Main Trend
Current Trend
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 :
- 4:30am EST– UK BOE MPC Minutes
- 8:30am EST– US Building Permits; Housing Starts
Today’s Surf
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
News events to watch for Thursday:
- 4:30am EST– UK Retail Sales
- 8:30am EST– US CPI; Initial Claims
- 10:00am EST– US Philly Fed Survey
For a complete list of news events check out our Forex Economic Calendar.
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