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Main Trend
Current Trend= The trend remained down until 12pm ET. From 8am – 12pm ET, a new trend change candle formed and changed the trend from down to UP. After 12pm ET, the trend remained up the rest of the day.
Today I looked for short trades until 12pm ET. After 12pm ET, I only looked for long trades.
Today’s Surf
2:45 am ET– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD went from positive to negative. This was a valid entry. The entry was at the close of the candle which was at 9892 with a stop at the most recent swing high which was at 9919. Since I was 42 pips away from the nearest 50 level, I decided to put my target at 9850.
5:30 am ET– Unfortunately I was stopped out of my trade.
8:00 am ET– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD went from positive to negative. This was a valid entry. The entry was at the close of the candle which was at 9906 with a stop at the most recent swing high which was at 9921. Since I was only 6 pips away from the nearest 00 level, I decided to go for the same amount of pips I was risking on the trade, which in this case was 15. This put my target at 9891.
8:30 am ET– Unfortunately I was stopped out of my trade.
Trade Result: -27 -15= -42 pips ; R-Multiple= -1.00; -1.00
