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Sorry, there is no video update today because I got sick yesterday and my voice is practically gone!  

Main Trend

Current Trend= The trend remained up the entire day.

Today I only looked for long trades.

News events to watch for today :

Today’s Surf

3:00am EST– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD was negative and gaining value. This was a valid entry. The entry was at the close of the candle at 2.0296 with a stop at the most recent swing low at 2.0286. I’m only 4 pips away from the nearest 50 or 00 level (2.0300) and even if I only go for the same amount of pips I’m risking on the trade, I’m only looking at about 10 pips of profit, not even including the spread. Either way, both profit targets are extremely small but I decide to at least try and go for 10 pips. This puts my initial target at 2.0306.

Entry: Long at 2.0296
Stop: 2.0286
Initial Target: 2.0306

3:15am EST– My target is hit. Price makes a very nice break of my target so I move my stop loss to 2.0306 and set my next target for 2.0350.

3:45am EST– My 2nd target is hit at 2.0350. This time, the price does not make a clean break of my target, so I take my final profit. I manged to exit at 2.0349.

9:45am EST– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD was negative and gaining value. This was a valid entry. The entry was at the close of the candle at 2.0369 with a stop at the most recent swing low at 2.0337. Since I’m 31 pips away from the nearest 50 or 00 level, I decided to put my initial target at 2.0400.

Entry: Long at 2.0369
Stop: 2.0337
Initial Target: 2.0400

11:00am EST– Unfortunately I was stopped out of my trade.

entry2

Trade Result: +53 -32= +21 pips; R-Multiple: 5.30; -1.00

News events to watch for tomorrow :
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