The trend was UP the entire day.
Today I only looked for long trades.
News events to watch for today :- 4:30am EST- UK BOE Mortgage Approvals; Net Consumer Credit
- 8:30am EST- US Employment Cost Index
- 9:00am EST- US S&P Case-Shiller Home Price
- 9:45am EST- US Chicago PMI
- 10:0am EST- US Consumer Confidence
1:45; 3:00am EST- On both of these candles there was a potential signal. RSI was greater than 50, MACD was negative and gaining value, but Stochastics were still trending down. This cancelled out the signal and I did not enter.
9:15am EST-There was a valid signal here but because it was right before the 9:45am EST news, I did not enter.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for Wednesday:- 4:30am EST- UK CIPS Manufacturing PMI
- 8:15am EST- US ADP Employment Survey
- 9:00am EST- US Treasury releases full quarterly refunding documents
- 10:00am EST- US ISM Manufacturing
For a complete list of news events check out our Forex Economic Calendar.
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