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Main Trend

Current Trend

The trend stayed down until 11am EST. From 7am – 11am EST, a new trend change candle formed and changed the trend from down to UP. After 11am EST, the trend remained up the rest of the day.

Today I only looked for short trades until 11am EST. After 11am EST, I only looked for long trades.

News events to watch for today :

  • None

Today’s Surf

10:15am 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.

entry2

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

News events to watch for tomorrow:

  • 4:30am EST– UK BBA Mortgage Approvals
  • 8:30am EST- US Prelim GDP q/q
  • 9:00am EST- US S&P/CS Composite-20 HPI y/y
  • 10:00am EST- US CB Consumer Confidence

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