Partner Center Find a Broker

Main Trend

Current Trend= The trend remained up the entire day.

Today I only looked for long trades.

News events to watch for today :

  • 5:30 am EST– UK CPI y/y
  • 5:45 am EST– UK Inflation Report Hearings
  • 10:00 am EST– Fed Chairman Bernanke Testifies

Today’s Surf

4:45 am EST– 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 1.4673 with a stop at the most recent low at 1.4620. Since I was 27 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.4700.

Entry: Long at 1.4673
Stop: 1.4620
Target: 1.4700

5:00 am EST– My target was hit. Price didn’t make a clean break so I took my final profit. I exited at 1.4698.

7:00 am EST– 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 1.4708 with a stop at the most recent low at 1.4641. Since I was 42 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.4750.

Entry: Long at 1.4708
Stop: 1.4641
Target: 1.4750

8:15 am EST– My target was hit. Price didn’t make a clean break so I took my final profit. I exited at 1.4745.

11:30 am EST– 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 1.4728 with a stop at the most recent low at 1.4659. Since I was 22 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.4750.

Entry: Long at 1.4728
Stop: 1.4659
Target: 1.4750

5:00 am EST– My target was hit. Price didn’t make a clean break so I took my final profit. I exited at 1.4749.

entry2

Trade Result: +25 +37 +21= +83 pips (NOT INCLUDING SPREAD) R-Multiple: 0.47; 0.55; 0.30

News events to watch for tomorrow :

  • 7:00 am EST– UK CBI Realized Sales
  • 8:30 am EST- US Core Durable Goods Orders m/m
  • 10:00 am EST– US New Home Sales