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 :
4:15am 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: