Current Trend= The trend remained up the entire day.
Today I only looked for long trades.
News events to watch for today :
- 8:30am EST– US Core CPI m/m; Empire State Manufacturing Index
- 9:00am EST- US TIC Long-Term Purchases
Main Trend
Today’s Surf
12:45am 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 1.5227 with a stop at the most recent low at 1.5213. Since I was 23 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.5250.
Entry: Long at 1.5227
Stop: 1.5213
Target: 1.5250
2:00am EST– Unfortunately, I was stopped out of my trade.
3:45am 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 1.5237 with a stop at the most recent low at 1.5177. Since I was 13 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.5250.
Entry: Long at 1.5237
Stop: 1.5177
Target: 1.5250
5:00am EST– Unfortunately, I was stopped out of my trade.
Trade Result: -14 -60= -74 pips (NOT INCLUDING SPREAD) R-Multiple: -1.00; -1.00
News events to watch for Monday :
- None
