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Main Trend

Current Trend= The trend remained up the entire day.

Today I only looked for long trades.

News events to watch for today :
  • 4:30am EST– UK Retail Sales
  • 8:30am EST– US Unemployment Rate

Today’s Surf

2:45am EST- 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 1.9734 with a stop at the most recent swing low at 1.9697. Since I was 16 pips away from the nearest 50 or 00 level, I decided to put my target at 1.9750.

Entry: Long at 1.9734
Stop: 1.9697
Initial Target: 1.9750

3:00am EST– My target is hit. Price did not make a clean break so I took my final profit. I managed to get out at 1.9745.

4:30am EST– There was a signal here but because it was a news candle, I did not enter.


Trade Result: +11 pips : R-Multiple: 0.29

News events to watch for Monday :

For a complete list of news events check out our News Section

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