I was in a rush today and did not have time to make a video update. Sorry dudes!
Current Trend= The trend remained up the entire day.
Today I only looked for long trades.
News events to watch for today :
1:00am 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 1.9912 with a stop at the most recent swing low at 1.9889. Since I was 38 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.9950.
Entry: Long at 1.9912
Initial Target: 1.9950
8:45am EST– My target was hit. Price made a clean break of my target so I moved my s/l to 1.9950 and set my next target for 2.0000.
9:00am EST- Unfortunately I was stopped out at 1.9950.
Trade Result: +38 pips; R-Multiple: 1.65
News events to watch for tomorrow :
- 5:15am EST– MPC Treasury Committee Hearings
- 8:30am EST- US Durable Goods
- 10:00am EST- US New Home Sales