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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 :

  • None

Today’s Surf

12:00, 12:45 am EDT- There was a moving average crossover for a long trade. RSI was greater than 50 but Stochastics were trending down and MACD was already positive. No entry.

5:15 am EDT– There was a moving average crossover for a long trade. RSI was greater than 50, MACD was negative and gaining value, but stochastics were trending down. No entry.

9:00 am EDT- 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 1.4534 with a stop at the most recent swing low at 1.4473. Since I was 16 pips away from the nearest 50 or 00 level, I put my initial target at 1.4550.

Entry: Long at 1.4534
Stop: 1.4473
Initial Target: 1.4550

9:30 am EDT- My target was hit. Price did not make a clean break so I took my final profit. I exited at 1.4545.

entry2

Trade Result: +11 pips (NOT INCLUDING SPREAD) R-Multiple: 0.18

News events to watch for tomorrow :