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

Main Trend

Current Trend= The trend remained down until 8am ET. From 4am - 8am ET, a new trend change candle formed and changed the trend from down to UP. After 8am ET, the trend remained up for the rest of the day.

Today's Surf

9:30 am ET- This was a moving average crossover for a long trade. RSI was greater than 50, stochastics was trending up, and MACD was negative and gaining value. This was a valid entry. The entry was at the close of the candle at 9882 with a stop at the most recent swing low at 9858. Since I was 18 pips away from the nearest 00 level I decided to put my target at 9900.

Entry: Long at 9882
Stop: 9858
Initial Target: 9900

10:15 am ET- My target is hit and the candle makes a clean break. The candle ended up closing around 9905 and I took my final profit since it wasn't a HUGE break.

Trade Result: +23 pips; R-multiple: .95

Questions? Read the Cowabunga FAQ.

Want to discuss the Cowabunga System? Visit our Forums.