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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
12:15 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 9862 with a stop at the most recent swing low which was at 9854. Since I was 38 pips away from the nearest 00 level I set my target at 9900.
3:45 am ET– Unfortunately I was stopped out of my trade.
7:00 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 9862 with a stop at the most recent swing low which was at 9848. Since I was 38 pips away from the nearest 00 level I set my target at 9900.
8:30 am ET– Unfortunately I was stopped out again from my trade.
Trade Result: -8 -14= -22 pips ; R-Multiple= -1.00; -1.00