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Main Trend
Current Trend
The trend was up until 11am EST. From 7am – 11am EST, a new trend change candle formed and changed the trend from up to DOWN. After 11am EST, the trend remained down the rest of the day.
Today I only looked for long trades until 11am EST. After 11am EST, I only looked for short trades.
News events to watch for today :
- 4:30am EST– UK GDP
- 10:00am EST– US New Home Sales
Today’s Surf
12:15am EST– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up but MACD was already positive from the previous candle. This cancelled out the signal and I did not enter.
3:45am EST– There was a valid signal here but because it was right before the 4:30am EST news, I did not enter.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for Thursday:
- 8:30am EST– US Durable Goods; Initial Claims
For a complete list of news events check out our Forex Economic Calendar.
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