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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 EDT- UK MPC Treasury Committee Hearings
- 8:30am EDT– US GDP Prelim
- 10:00am EDT– US Consumer Confidence
Today’s Surf
12:00am EDT- 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 1.5124 with a stop at the most recent swing low at 1.5083. Since I was 26 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.5150.
Entry: Long at 1.5124
Stop: 1.5083
Initial Target: 1.5150
12:15am EDT- My target was hit. Price did not make a clean break of my target so I took my final profit. I exited at 1.5143.
3:00am EDT- 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 1.5136 with a stop at the most recent swing low at 1.5065. Since I was 14 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.5150.
Entry: Long at 1.5136
Stop: 1.5065
Initial Target: 1.5150
9:00am EDT– My target was hit. Price did not make a clean break of my target so I took my final profit. I exited at 1.5145.
7:00am EDT- 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 1.5108 with a stop at the most recent swing low at 1.5054. Since I was 42 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.5150.
Entry: Long at 1.5108
Stop: 1.5054
Initial Target: 1.5150
7:30am EDT– Unfortunately I was stopped out of my trade.
8:30am EDT– There was a valid signal here but because it was a news candle, I did not enter.
Trade Result: +19 +9 -54= -26 pips (NOT INCLUDING SPREAD) R-Multiple: 0.46; 0.12; -1.00
News events to watch for tomorrow :
- 4:30am EDT- UK Revised GDP
- 8:30am EDT– US Unemployment Claims; Durable Goods
- 10:00am EDT– US New Home Sales
For a complete list of news events check out our News Section
