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Main Trend
Current Trend= There was a trend change candle from 12am ET- 4am ET that changed the trend from down to up. The trend remained up after 4am ET.
Today I only looked for long trades.
Today’s Surf
4:45 am ET- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up and MACD was negative and gaining value. This was a valid entry. The entry was at the close of the candle which was at 9342 with a stop at the most recent swing low which was at 9306. Since I was only 8 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 36. This put my target at 9378.
8:30 am ET– My target was hit!
Trade Result: +36 pips; R-Multiple= 1.00
Although the waves weren’t as big as I normally like, I was still digging the awesome wave I caught. Awesome dude!