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Main Trend
Current Trend= There was a new trend change candle from 12-4am ET which changed the trend from up to DOWN. After 4am ET, the trend remained down the rest of the day.
After 4am ET I only looked for short trades.
Today’s Surf
11:00 am ET – There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD was positive and losing value. This was a valid entry. The entry was at the close of the candle which was at 9643 with a stop at the most recent swing high which was at 9681. Since I was 43 pips away from the nearest 00 level I decided to set my target at 9600.
4:00 pm ET – My target was not hit and I manually closed out my trade. I exited at 9613.
Trade Result: +30 pips ; R-Multiple= 0.78