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Main Trend
Current Trend
The trend was DOWN until 11am EST. From 7am – 11am EST, a new trend 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 Public Borrowing
- 8:30am EST– US PPI; Initial Claims
- 10:00am EST– US Philly Fed Index
Today’s Surf
4:15am EST- I didn’t even consider this possible signal because news was coming out at 4:30am EST.
9:15am 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.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for Friday:
- None
For a complete list of news events check out our Forex Economic Calendar.
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