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Main Trend

Current Trend

The trend stayed down the entire day.

Today I only looked for short trades.

News events to watch for today :

  • 4:30am EST- UK Gross Domestic Product
  • 6:00am EST– UK U.K. CBI Distributive Trades
  • 10:00am EST– US Consumer Confidence

Today’s Surf

2:15am EST– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down but MACD was already negative. This cancelled out the signal and I did not enter.

9:45am EST– There was a valid signal here but because it was close to a news report, I didn’t enter.

entry2

Trade Result: +0 pips R-Multiple: N/A

News events to watch for tomorrow:

  • 8:15am EST– US ADP Non-Farm Employment Change
  • 8:30am EST- US Gross Domestic Product Price Index
  • 9:45am EST- US Chicago Purchasing Manager

For a complete list of news events check out our Forex Economic Calendar.
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