Dude! So you've read just about everything you could possibly get your hands on about the Forex. Now you want to get your feet wet but aren't sure where to start. Well then this blog is for you! Follow along as I take a simple system and apply it to an unsimple market. If you're new to the blog you should Cowabunga System Daily Update: 08/30/07
If this is your first time visiting this blog, read this first!
Main Trend
Current Trend= The trend remained up the entire day.
Today I only looked for long trades.
Today's Surf
2:155 am ET- There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, but MACD was already positive. This cancelled out the signal and prevented me from entering. No trade!
Entry: None
Stop: None
Initial Target: None
8:15 am ET- Here we had a perfectly good signal but it happened right before a major news report set to come out at 8:30 am ET (US GDP). No entry!
Trade Result: +0 pips
