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Main Trend

Current Trend= The trend remained down the entire day.

Today I only looked for short trades.

News events to watch for today :
  • 4:30am EST– UK Services PMI

Today’s Surf

6:45am EST– 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 1.9683 with a stop at the most recent swing high at 1.9716. Since I was 33 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.9650.

Entry: Short at 1.9683
Stop: 1.9716
Initial Target: 1.9650

7:45am EST– Unfortunately I was stopped out of my trade.


Trade Result: -34 pips : R-Multiple: -1.00

News events to watch for tomorrow :
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