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 :
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.
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