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Main Trend
Current Trend= The trend remained up until 11am EDT. From 7am – 11am EDT, a new trend change candle formed and changed the trend from up to DOWN. After 11am EDT, the trend remained down the rest of the day.
Today I looked for long trades until 11am EDT. After 11am EDT, I only looked for short trades.
Today’s Surf
5:30am EDT– There was a moving average crossover for a long trade. However, RSI was not greater than 50 and MACD was already positive. This cancelled out the signal and I did not enter.
6:00am EDT– There was a moving average crossover for a long trade. However, Stochastics had not crossed up and MACD was already positive. This cancelled out the signal and I did not enter.
Trade Result: +0 pips; R-Multiple: N/A
News events to watch for tomorrow :
- 8:30am EDT– US CPI
- 9:15am EDT– US Industrial Production
For a list of all of tomorrow’s news events, check out our Forex Calendar