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Main Trend
Current Trend= The trend remained down until 3am EDT. From 11pm EDT to 3am EDT a new trend change candle formed and changed the trend from down to UP. After 3am EDT, the trend remained up the rest of the day.
Today I looked for short trades until 3am EDT. After 3am EDT, I only looked for long trades.
Today’s Surf
9:45am EDT– There was a moving average crossover for a long trade. However, it was right before the Pending Home Sales report. According to my rules I do not enter right before important news events so I did not take this trade.
Trade Result: +0 pips; R-Multiple: N/A
News events to watch for Monday :
- None