The trend was DOWN the entire day.
Today I only looked for short trades.
News events to watch for today:
- 4:30am EST– UK CPI
- 8:30am EST– US Retail Sales
- 9:15am EST– US Capacity Utilization
- 10:00am EST– US Business Inventories
4:30am EST- Didn’t consider this possible signal because it was on a news candle.
6:30am EST– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down but MACD was already negative from the previous candle. This cancelled out my signal and I did not enter.
Trade Result: +0 pips R-Multiple: N/A