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Main Trend
Current Trend= Trend stayed up the entire day.
Today I only looked for long trades.
Today’s Surf
3:15 am ET– There was a moving average crossover for a long trade. RSI>50, Stochastics were trending up, and MACD was negative and gaining value. This was a valid entry. Entry was at the close of the candle which was at 9651 and my stop was at the most recent swing low which was at 9591. I decided to go for the nearest 00 level which was at 9700 since I was a good amount of pips away from it.
4:00 pm ET- Since my target or stop was not hit by this time I closed out my trades because it is part of my rules. I ended up getting out at 9611.
Trade Result: -40 pips; R-Multiple= -1