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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 :
  • 2:00pm EDT- US FOMC Statement

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.

entry2

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

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

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