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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 :

  • 8:30am EST– US Core CPI m/m; Empire State Manufacturing Index
  • 9:00am EST- US TIC Long-Term Purchases

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.

entry2

Trade Result: -14 -60= -74 pips (NOT INCLUDING SPREAD) R-Multiple: -1.00; -1.00

News events to watch for Monday :

  • None

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

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