Current Trend= The trend remained up the entire day.
Today I only looked for long trades.
2:155 am ET– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, but MACD was already positive. This cancelled out the signal and prevented me from entering. No trade!
Initial Target: None
8:15 am ET– Here we had a perfectly good signal but it happened right before a major news report set to come out at 8:30 am ET (US GDP). No entry!
Trade Result: +0 pips