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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 :

  • 2:00am EST- UK Nationwide HPI
  • 8:30 am EST- US GDP

Main Trend

Today’s Surf

1:15 am EST- There was a moving average crossover for a long trade. RSI was greater than 50 but stochastics were trending down and MACD was losing value. This canceled out the signal so I didn’t enter.

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 1.6624 with a stop at the most recent swing low at 1.6426. Since I was 26 pips away from the nearest 50 or 00 level, I decided to put my target at 1.6650.

Entry: Long at 1.6624
Stop: 1.6426
Initial Target: 1.6650

6:45 am EST- My target was hit at 1.6650. Price did not make a clean break so I took my final profit. I exited at 1.6645.

entry2

Trade Result: +19 pips (NOT INCLUDING SPREAD) R-Multiple: 0.09

News events to watch for tomorrow :

  • 8:30 am EST- US Core PCE Index
  • 9:45 am EST- Chicago PMI
  • 10:00 am EST- Revised Consumer Sentiment