If this is your first time visiting this blog, read this first!
Main Trend
Current Trend= The trend remained down until 12 pm ET. From 8am – 12pm ET a new trend change candle formed and changed the trend from down to UP. The trend remained up for the rest of the day.
Today I looked for short trades until 12pm ET. After 12pm ET I only looked for long trades
Today’s Surf
1:45 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 9789 with a stop at the most recent swing high which was at 9804. Since I was 39 pips away from the nearest 50 level I set my target at 9750.
2:00 am ET– Unfortunately I was stopped out of my trade.
3:15 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 9791 with a stop at the most recent swing high which was at 9826. Since I was 41 pips away from the nearest 50 level I set my target at 9750.
6:15 am ET– My target is hit at 9750.
Trade Result: -15 +41= +26 pips ; R-Multiple= -1.00; 1.28