The trend was DOWN the entire day.
Today I only looked for short trades.
News events to watch for today:
- 4:30am EST– UK Services PMI
- 8:15am EST– ADP National Employment Report
- 10:00am EST– US ISM Non Manufacturing
3:45am EST– Didn’t consider this possible signal before the 4:30am EST news.
6:00am EST– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down and MACD was already negative from the previous candle.. This cancelled out the signal and I did not enter.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for Thursday:
- 8:30am EST– US Unemployment Claims