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Main Trend

trend2

Current Trend= The trend remained up the entire day.

Today I only looked for long trades.

Today’s Surf

12:00am EDT– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD went from negative to positive. This was a valid entry. The entry was at the close of the candle at 1.9634 with a stop at the most recent swing low at 1.9604. Since I was 16 pips away from the nearest 50 or 00 level, I decided to set my initial target at 1.9650.

Entry: Long at 1.9634
Stop: 1.9604
Initial Target: 1.9650

3:15am EDT– I came real close to getting stopped out. My feed said I got down to 9605 (1 pip away from my loss).

3:30am EDT– My first target was hit. Price made a clean break so I moved my stop to 1.9650 and set my next target for 1.9700.

4:15am EDT– My 2nd target was hit. Price made a clean break so I moved my stop to 1.9700 and set my next target for 1.9750.

4:30am EDT– Unfortunately I was stopped out at 1.9700.

7:45am EDT– There was a valid signal here but I chose not to take it because it was US Housing Starts and Building Permits were about to be released at 8:30am EDT.

entry2

Trade Result: +66 pips; R-Multiple: 2.20

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