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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 :
- 9:45am EST- US Chicago PMI
Today’s Surf
1:00am 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 1.9936 with a stop at the most recent swing low at 1.9923. Since I was 14 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.9950.
Entry: Long at 1.9936
Stop: 1.9923
Initial Target: 1.9950
2:45am EST- My target was hit. Price did not make a clean break of my target, so I took my final profit. I exited at 1.9950.
5:45am 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 1.9950 with a stop at the most recent swing low at 1.9925. Since I was 50 pips away from the nearest 50 or 00 level, I decided to put my initial target at 2.0000.
Entry: Long at 1.9950
Stop: 1.9925
Initial Target: 2.0000
6:30am EST- Unfortunately I was stopped out of my trade.
8:45am 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 1.9933 with a stop at the most recent swing low at 1.9889. Since I was 17 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.9950.
Entry: Long at 1.9933
Stop: 1.9889
Initial Target: 1.9950
9:30am EST– My target wasn’t hit by this time so I closed my trade before the news. I exited at 1.9936.
Trade Result: +14 -25 +3= -8 pips (NOT INCLUDING SPREAD: R-Multiple: 1.07; -1.00; 0.06
News events to watch for tomorrow :
- 2:00am EST– UK Nationwide House Prices
- 4:30am EST- UK Manufacturing PMI
- 10:00am EST– US ISM Manufacturing Index
For a complete list of news events check out our News Section
