The trend was UP the entire day.
Today I only looked for long trades.
News events to watch for today:
3:00am EST– There was a moving average crossover for a long trade. RSI was greater than 50, but stochastics were still trending down, and MACD was already positive from the previous candle. This cancelled out my signal and I did not enter.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for Thursday:
- 5:30am EST– UK CIPS Market Services PMI
- 8:00am EST– US BOE MPC Base Rate
- 9:00am EST– US Durable Goods
- 10:00am EST– US ISM Non Manufacturing