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Main Trend
Current Trend= Trend was down until the close of the new trend change candle which. Afterwards, the trend changed from down to UP.
I only looked for short trades until the close of the trend change candle (3:00 am ET-7:00 am ET). After 7:00 am ET, I only looked for long trades.
Today’s Surf
11:15 pm ET– There was a moving average crossover for a short trade. RS<>50, Stochastics were trending down, and MACD was positive and losing value. This is a valid entry. Entry was at the close of the candle which was at 9606 with a stop at the most recent swing high which was at 9612. Since the entry was before midnight I decided to set my initial target for the same amount of pips I was risking. However this is only a 6 pip target and if you factor in the spread, that isn’t big at all. I decided that I would trail my stop once the initial target was hit and go for 9550.
11:45 pm ET– Unfortunately I am stopped out at breakeven.
Trade Result: +0 pips