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Main Trend


Current Trend= The trend remained down the entire day.

Today I only looked for short trades.

Today’s Surf

7:30am EDT– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD was positive and losing value. This was a valid entry. The entry was at the close of the candle at 1.9832 with a stop at the most recent swing high at 1.9864. Since I was 32 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.9800.

Entry: Short at 1.9832
Stop: 1.9864
Initial Target: 1.9800

8:15am EDT– My target was hit. Price did not make a clean break of my target so I took my final profit. I was able to get out at 1.9802.


Trade Result: +30 pips; R-Multiple: 0.93

News events to watch for tomorrow :
  • 8:15am EDT– US ADP Employment Change
  • 8:30am EDT– US Unemployment Claims
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