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Main Trend
Current Trend
The trend was down the entire day.
Today I only looked for short trades.
News events to watch for today :
- 4:30am EST- UK BOE Meeting minutes ; Money supply
- 2:00pm EST- US Beige Book
Today’s Surf
4:30am EST– There was a valid signal here but because it was a news candle I did not enter.
5:15am EST- There was a moving average crossover for a short trade. RSI was less than 50, but stochastics were trending up and MACD was already negative from the previous candle. This cancelled out the signal and I did not enter.
6:30, 8:00am 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 from the previous candle. This cancelled out the signal and I did not enter.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for Thursday:
- 4:30am EST- UK Retail Sales
- 8:30am EST– US Initial Claims
- 10:00am EST– US Philly Fed Index
For a complete list of news events check out our Forex Economic Calendar.
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