Cowabunga System Daily Update: Thursday, 04/03/2014

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Main Trend

Trend

Current Trend

The trend was DOWN the entire day.

Today I only looked for short trades.

News events to watch for today :

  • 4:30am EST– UK CIPS Market Services PMI
  • 8:30am EST– US Trade Balance; Initial Claims
  • 10:00am EST- US ISM Non-Manufacturing

Today’s Surf

1:00am EST– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down but MACD was already negative from the previous candle. This cancelled out the signal and I did not enter.

4:00am EST– There was a signal here but because it was right before the 4:30am EST news event, I did not enter.

Entry

Trade Result: +0 pips R-Multiple: N/A

News events to watch for Friday:

For a complete list of news events check out our Forex Economic Calendar.
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