Well I did it! I tied the knot last Saturday and just got back from a wonderful honeymoon in beautiful Jamaica mon! While it was very relaxing, I’m ready to get back to what I love doing….trading!
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If this is your first time visiting this blog, read this first!
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 PPI Input
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 1.9852 with a stop at the most recent swing low at 1.9821. Since I was 48 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.9900.
Entry: Long at 1.9852
Stop: 1.9821
Initial Target: 1.9900
4:15am EST- My target wasn’t hit by this time. I knew that news was coming out at 4:30am EST so I decided to close my trade. I cut my losses and exited at 1.9835.
5:45am EST– There was a moving average crossover for a long trade but MACD was already positive which cancelled the signal. No entry!
Trade Result: -17 pips (NOT INCLUDING SPREAD: R-Multiple: -0.54
News events to watch for tomorrow :
- 4:30am EST– UK CPI
- 8:30am EST- US Retail Sales, PPI
For a complete list of news events check out our News Section
