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Main Trend
Current Trend= The trend remained down the entire day.
Today I only looked for short trades.
Today’s Surf
12:45 am ET- There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down and MACD went from positive to negative. This was a valid entry. The entry was at the close of the candle which was at 9266 with a stop at the most recent swing high which was at 9304. Since I was only 16 pips away from a 50 level I decided to set my target for the same amount of pips I was risking on the trade, which in this case was 38. This put my target at 9228.
3:15 am ET– My target was hit!
Trade Result: +38 pips; R-Multiple= 1.00
Totally righteous dude! Today I was finally able to get back on the waves and catch some awesome pippage!