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Main Trend
Current Trend= Trend changed from down to UP at the close of the 11 pm ET candle.
After 3 am ET, I only looked for long trades. .
Today’s Surf
11:00 pm ET- The 11:00 pm ET candle on the 4 hour chart forms a trend change candle and changes the trend to UP. From 3am ET the trend remained up and I only looked for long trades.
1:00 pm ET- There was a moving average crossover for a long trade. RSI>50, Stochastics were trending up, and MACD was negative and gaining value. This is a valid entry. Entry was at the close of the candle which was at 9622 with a stop at the most recent swing low which was at 9606. Since the entry was 28 pips away from a 50 level, I decided to set my initial target for 9650.
2:45 pm ET– Price gets as low as 9607. I know some of you may have gotten stopped out because we all use different brokers, but I was still kept in the trade.
3:45 pm ET– At the close of this candle it was 4:00 pm ET and according to my rules I close trades no matter what at this time. I exited at breakeven.
Trade Result:+0 Pips