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Main Trend
Current Trend
The trend was UP the entire day.
Today I only looked for long trades.
News events to watch for today :
- 4:30am EST– UK CIPS Market Services PMI
- 8:30am EST– US NFP
- 10:00am EST– ISM Non Manufacutring
Today’s Surf
3:45am EST- Didn’t consider this possible signal because it was too close to the 4:30am EST news.
6:15am EST– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up and MACD went from negative to positive. This was a valid entry.
The entry was at the close of the candle at 1.7150 with a stop at the most recent swing low at 1.7132. I was 50 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.7200.
Entry: Long at 1.7150 Stop: 1.7132 Target: 1.7200
7:00am EST– Unfortunately I was stopped out of my trade. (-18 pips)
9:15am EST- Didn’t consider this possible signal because it was too close to the 10:00am EST news.
Trade Result: -18 pips R-Multiple: -1.00
News events to watch for Friday:
- US Holiday- I advice you to not trade tomorrow!
For a complete list of news events check out our Forex Economic Calendar.
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