Cowabunga Daily Update- 01/16/07

Main Trend

Current Trend= Up

Today’s trend was up and I only looked for long trades.

Today’s Surf

You can see that we had several moving average crossovers for long trades which are indicated by the black candles. However, because MACD was already positive it voided out our signals and kept us out of the market. In this case, it was a good thing we stayed out as we would’ve lost both trades.

Trade Result: +0 Pips