The trend was DOWN until 4am EST. From 12am – 4am EST, a new trend change candle formed and changed the trend from down to UP. After 4am EST, the trend remained up the rest of the day.
Today I only looked for short trades until 4am EST. After 4am EST, I only looked for long trades.
News events to watch for today:
3:30am EST– Didn’t consider this possible signal because it was close to the 4:30am EST news event.
10:45am EST– Didn’t consider this possible signal because it was close to the 11:05am EST news event.
Trade Result: +0 Pips R-Multiple: N/A
News events to watch for Thursday:
- 8:30am EST– US PPI
- 9:30am EST- US Fed Clarida Speaks
- 9:40am EST– US Fed Bullard Speaks
- 9:45am EST- US Fed Williams Speaks
- 11:50am EST– US Fed Quarles Participates In FSB Roundtable