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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 :

  • 7:00am EST- U.K. CBI Distributive Trades
  • 9:00am EST– US S&P/CaseShiller Composite-20
  • 10:00am EST– US Consumer Confidence

Today’s Surf

7:45am EST– There was a moving average crossover for a short trade. Stochastics were trending down, but RSI was above 50 and MACD was already negative. This cancelled out the signal and I did not enter.

entry2

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

News events to watch for tomorrow:

  • 8:30am EST- US Durable Goods Orders m/m
  • 10:00am EST- US New Home Sales

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