The trend was DOWN the entire day.
Today I only looked for short trades.
News events to watch for today :
- 10:00am EST– US Wholesale Inventories
5:15 and 8:30am EST– At these times there were moving average crossovers for a short trade. RSI was less than 50, stochastics were trending down, but MACD was already negative from the previous candles. This cancelled out the signal and I did not enter.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for Thursday:
- 8:30am EST– US Initial Claims