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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.

entry2

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

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