Cowabunga System Daily Update: 08/30/07

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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

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6 comments

  1. pinetree

    PS -for the 2:15am trade –you mean I believe there was a crossover for a long trade –RSI was greater than 50 and stochastics was trending up –cheers.

    Reply
  2. pinetree

    PS -for the 2:15am trade –you mean I believe there was a crossover for a long trade –RSI was greater than 50 and stochastics was trending up –cheers.

    Reply

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