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Main Trend

Current Trend

The trend was up the entire day.

Today I only looked for long trades.

News events to watch for today :

Today’s Surf

5:30am 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 1.5690 with a stop at the most recent swing low at 1.5615. Since I was only 10 pips away from the nearest 50 or 00 level at 1.5700 I decided to go for the same amount of pips I was risking on the trade, which in this case was 75. This put my initial target at 1.5765.

Entry: Long at 1.5690 Stop: 1.5615 Target: 1.5765

8:15am EST- Unfortunately I was stopped out of my trade. (-75 pips)

9:30am EST– There was a valid signal here but because it was right before the 10:00am EST news I did not enter.

entry2

Trade Result: -75 pips (Not including spread) R-Multiple: -1.00

News events to watch for Thursday:

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