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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
1:15 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 9761 with a stop at the most recent swing low which was at 9740. Since I was 39 pips away from the nearest 00 level I decided to set my target at 9800.
4:30 am ET– Unfortunately I am stopped out of my trade.
6:45 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 9762 with a stop at the most recent swing low which was at 9735. Since I was 38 pips away from the nearest 00 level I decided to set my target at 9800.
10:15 am ET– My target is hit and it looked like the Cable was struggling to stay at 9800 so I went ahead and took my final profit
Trade Result: -21 +38 = +17 pips; R-multiple= -1.00; 1.40