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Main Trend

Current Trend= The trend remained up the entire day.

Today I only looked for long trades.

Today’s Surf

4:00 am ET– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD was negative and gaining value. This was a valid entry. The entry was at the close of the candle which was at 9843 with a stop at the most recent swing low which was at 9825. Since I was only 7 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 18. This put my target at 9861.

5:15 am ET – My target was hit and the price made a clean break of 9861. Instead of taking final profit, I trailed my stop to this level and set my next target at 9900.

9:15 am ET– My target at 9800 was hit and the price didn’t make a clean break so I took my final profit.

Trade Result: +57 pips ; R-Multiple= 3.16

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