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Main Trend

Current Trend= The trend remained down until 3am EDT. From 11pm EDT – 3am EDT, a new trend change candle formed and changed the trend from down to UP. After 3am EDT, the trend remained up the rest of the day.

Today I only looked for short trades until 3am EDT. After 3am EDT, I only looked for long trades.

News events to watch for today :
  • 9:00am EDT- Fed Chairman Ben Bernanke Speaks

Today’s Surf

8:30am EDT– There was a moving average crossover for a long trade. RSI was greater than 50, MACD was negative and gaining value, but stochastics were trending down. This cancelled out the signal and I did not enter.


Trade Result: +0 pips; R-Multiple: N/A

News events to watch for tomorrow :
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