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Current Trend= The trend remained up the entire day.

Today I only looked for long trades

News events to watch for today :

Main Trend

Today’s Surf

2:00 am EST- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD was negative and gaining value. This was a valid entry. The entry was at the close of the candle at 1.6019 with a stop at the most recent swing low at 1.5938. Since I was 31 pips away from the nearest 50 or 00 level, I decided to put my target at 1.6050.

Entry: Long at 1.6019
Stop: 1.5938
Initial Target: 1.6050

2:30 am EST- My target was hit at 1.6050. Price made a clean break so I moved my stop to 1.6050 and set my next target for 1.6100.

2:45 am EST– My 2nd target was hit at 1.6100. Price made a clean break so I trailed my stop to 1.6100 and set my next target for 1.6150. During this same candle, my target at 1.6150 was hit. Price again made a clean break so I trailed my stop to 1.6150 and set my next target at 1.6200. Once again my target was hit during this same candle. However, this time, the price did not make a clean break of 1.6200 so I took my final profit. I exited out at 1.6190.

6:30 am EST- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD was negative and gaining value. This was a valid entry. The entry was at the close of the candle at 1.6062 with a stop at the most recent swing low at 1.5977. Since I was 38 pips away from the nearest 50 or 00 level, I decided to put my target at 1.6100.

Entry: Long at 1.6062
Stop: 1.5977
Initial Target: 1.6100

8:00 am EST- My target was hit at 1.6100. Price did not make a clean break so I took my final profit. I exited at 1.6095.

9:15 am 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 1.6083 with a stop at the most recent swing low at 1.5992. Since I was 17 pips away from the nearest 50 or 00 level, I decided to put my target at 1.6100.

Entry: Long at 1.6083
Stop: 1.5992
Initial Target: 1.6100

9:45 am EST- My target was hit at 1.6100. Price made a clean break so I trailed my stop to 1.6100 and set my next target for 1.6150.

10:00 am EST- My 2nd target at 1.6150 was hit. Price made a clean break so I trailed my stop to 1.6150 and set my next target for 1.6200. During this same candle, my 3rd target was hit at 1.6200. However, this time, the price did not make a clean so I took my final profit. I exited at 1.6195.

entry2

Trade Result: +171 +33 +112= +316 pips (NOT INCLUDING SPREAD) R-Multiple: 2.11; 0.38; 1.23

News events to watch for tomorrow :

  • 3:00am EST- UK Nationwide HPI
  • 8:30am EST- US GDP