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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 :

  • 7:00am EST- UK Bank Rate Statement
  • 8:30am EST- US Prelim Non Farm Productivity

Today’s Surf

12:30am 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 entry. The entry was at the close of the candle at 1.5815 with a stop at the most recent swing high at 1.5851. Since I was 15 pips away from the nearest 50 or 00 level, I decided to put my target at 1.5800.

Entry: Short at 1.5815

Stop: 1.5851

Initial Target: 1.5800

12:45am EST- Unfortunately I was stopped out of my trade.

entry2

Trade Result: -36 pips (NOT INCLUDING SPREAD) R-Multiple: -1.00

News events to watch for tomorrow :

  • 8:30am EST- US Employment Report
  • 10:00am EST- US Pending Home Sales

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

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