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Main Trend
Current Trend= The trend remained up the entire day.
Today I only looked for long trades.
Today’s Surf
1:00 am ET – There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD went from negative to positive. This was a valid entry. The entry was at the close of the candle which was at 9454 with a stop at the most recent swing low which was 9432. Since I was 46 pips away from the nearest 00 level I decided to set my target for 9500.
5:15 am ET– Unfortunately before that big Cable rally, I was stopped out!
Trade Result: -22 pips; R-Multiple=-1.00
It was a bummer missing that huge wave but I know the pips will come to me if I just stick to my rules.