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Main Trend
Current Trend= The trend remained up the entire day.
Today I only looked for long trades.
Today’s Surf
2:00 am ET – There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up and MACD went from negative to positive. This was a valid entry. The entry was at the close of the candle which was at 9786 with a stop at the most recent swing low which was at 9770. Since I was only 14 pips away from the nearest 00 level, I decided to go for a couple more pips and go for the same amount of pips I was risking, which in this case was 16. This put my target at 9802.
2:15 am ET– My target was hit. There was not a clean break so I took my final profit.
Trade Result: +16 pips; R-Multiple= 1.00