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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 :
- 4:30am EST– UK CIPS Market Services PMI
- 8:30am EST– US Initial Claims
- 10:00am EST– US ISM Non Manufacturing
Today’s Surf
2:30am EST– There was a moving average crossover for a long trade. RSI was greater than 50, MACD went from negative to positive, but stochastics were still trending down. This cancelled out the signal and I did not enter.
5:15am EST– There was a moving average crossover for a long trade. Stochastics were trending down, MACD was negative and gaining value, but RSI was below 50. This cancelled out the signal and I did not enter.
7:30am EST– Didn’t consider this possible signal because it was close to the 8:30am EST news.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for Friday:
- 8:30am EST– US NFP
For a complete list of news events check out our Forex Economic Calendar.
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