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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- Cowabunga System Daily Update: 10/01/07 14:34 01 October 2007
- Cowabunga System Daily Update: Tuesday 10/02/07 13:14 02 October 2007
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Archived Comments (3)
Forex Blog: Pip My System
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.
HI,
I WOULD LIKE TO KNOW WHEN I GO SHORT MAC D HAS TO BE positive.SO FAR I UNDERSTAND IT SHOWS THAN POSITIVE MOMENTUM.
COULD YOU EXPLAIN ME WHY????
NEUTZER3000@GMAIL.COM
Pinetree- Thanks for the catch. You save me all the time, haha :)