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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
2:00 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 9922 with a stop at the most recent swing low which was at 9913. Since I was 28 pips away from the nearest 50 level I decided to set my target at 9950.
8:00 am ET – My target was hit but the price did not make a clean break of 9950 so I ended up taking my final profit.
Trade Result: +28 pips ; R-Multiple= 3.11