Current Trend= The trend remained up the entire day.
Today I only looked for long trades.
News events to watch for today :
- 2:00pm EDT- US FOMC Statement
Main Trend
Today’s Surf
3:15am 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 1.4265 with a stop at the most recent low at 1.4208. Since I was 35 pips away from the nearest 50 or 00 level, I decided to put my target at 1.4300.
Entry: Long at 1.4265
Stop: 1.4208
Target: 1.4300
3:30am EDT- My target was hit. Price did not make a clean break so I took my final profit. I exited at 1.4292.
11:00am 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 1.4336 with a stop at the most recent low at 1.4240. Since I was 14 pips away from the nearest 50 or 00 level, I decided to put my target at 1.4350.
Entry: Long at 1.4336
Stop: 1.4240
Target: 1.4350
11:15am EDT- My target was hit. Price did not make a clean break so I took my final profit. I exited right at 1.4345.
Trade Result: +27 +9= +36 pips (NOT INCLUDING SPREAD) R-Multiple: 0.47; 0.09
News events to watch for tomorrow :
- 2:00am EDT- UK Nationwide HPI m/m
- 8:30am EDT– US Core Durable Goods Orders m/m; Unemployment Claims
- 10:00am EDT– US New Home Sales
