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Main Trend
Current Trend= The trend remained up until 12pm ET. From 8am – 12pm ET, a new trend change candle formed and changed the trend from up to DOWN. After 12pm ET, the trend remained down for the rest of the day.
Today I looked for long trades until 12pm ET. After 12pm ET I only looked for short trades
Today’s Surf
12:30 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 9850 with a stop at the most recent swing low which was at 9846. Since I was 50 pips away from the nearest 00 level I set my target at 9900.
4:30 am ET– Unfortunately I was stopped out of my trade.
Trade Result: -4 pips ; R-Multiple= -1.00