Cowabunga System Daily Update: Tuesday, 01/14/2014

If this is your first time visiting this blog, read this first!

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

5:45am EST– There was a moving average crossover for a short trade. Stochastics were trending down, MACD went from positive to negative but RSI was greater than 50. This cancelled out the signal and I did not enter.

9:00am EST– There was a moving average crossover for a short trade. RSI was trending down, stochastics were trending down, but MACD was already negative from the previous candle. This cancelled out the signal and I did not enter.

Entry

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

News events to watch for Wednesday:

  • 8:30am EST– US Empire State Survey; PPI

For a complete list of news events check out our Forex Economic Calendar.
Questions? Read the Cowabunga FAQ.
Want to discuss the Cowabunga System? Visit our Forex Forums.