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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 :
- 9:00am EST- US S&P Case-Shiller Home Price
- 10:00am EST– US Consumer Confidence
Today’s Surf
1:45am 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.
5:00am 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.
8:45am EST- Didn’t even consider this because it was right before the 9:00am EST news.
11:30am EST- (At the time of this writing) 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. *This ended up not being a signal but either way I still would not have entered because it was close to 12 noon EST.
Trade Result: 0 pips R-Multiple: N/A
News events to watch for Wednesday:
- 4:30am EST– UK BOE Net Consumer Credit; Mortgage Approvals
- 8:15am EST– US ADP Employment Survey
- 8:30am EST– US Core PCE Price Index; GDP
For a complete list of news events check out our Forex Economic Calendar.
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