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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 :

Today’s Surf

12:00am 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 signal. The entry was at the close of the candle at 1.7265 with a stop at the most recent swing high at 1.7354. Since I was 15 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.7250.

Entry: 1.7265

Stop: 1.7354

Target: 1.7250

12:15am EST– My target was hit. Price didn’t make a clean break of my target so I took my final profit. I exited at 1.7245

1:30am EST- There was a moving average crossover for a short trade. However, stochastics were still trending up and MACD was already negative. This cancelled out the signal and I did not enter.

5:30am 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 signal. The entry was at the close of the candle at 1.7221 with a stop at the most recent swing high at 1.7281. Since I was 21 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.7200.

Entry: 1.7221

Stop: 1.7281

Target: 1.7200

6:45am EST– My target was hit. Price didn’t make a clean break so I took my final profit. I exited at 1.7205.

9:00am EST- There was a valid signal here but because it was a news candle I did not enter.

entry2

Trade Result: +20 +16= +36 pips (NOT INCLUDING THE SPREAD) R-Multiple: 0.22; 0.26

News events to watch for tomorrow :

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

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