Cowabunga System Daily Update: Thursday, 08/07/2014

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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 :

Today’s Surf

12:45am EST- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up but MACD was already negative from the previous candle. This cancelled out the signal and I did not enter.

8:00am EST– Did not consider this possible signal because it was right before the 8:30am EST news.

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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  • Bruna Marugan

    Hey! I didn’t understand your 12:45 input. Why were you looking for a long trade if the main trend dictated short ones??

    Typo?