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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

3:00am EST– 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 at 1.5657 with a stop at the most recent swing low at 1.5631. Since I was 43 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.5700.

Entry: Long at 1.5657 Stop: 1.5631 Target: 1.5700

4:00am EST– Unfortunately I got stopped out of my trade. (- 26 pips)

9:15am EST- I didn’t even look at this possible entry because it was close to the 10:00am EST news event.

entry2

Trade Result: -26 pips 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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